Palantir Technologies Inc. Class A Common Stock (PLTR)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	831,047	2,598,540	2,290,670	2,011,320
Short-term investments	US$ in thousands	2,843,130	35,135	234,153	—
Receivables	US$ in thousands	364,784	258,346	190,923	156,932
Total current liabilities	US$ in thousands	746,018	587,941	660,061	603,823
Quick ratio		5.41	4.92	4.11	3.59

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($831,047K + $2,843,130K + $364,784K) ÷ $746,018K
= 5.41

The quick ratio of Palantir Technologies Inc. Class A Common Stock has displayed an increasing trend over the past four years. The company's quick ratio was 3.59 as of December 31, 2020, and has since improved to 4.11, 4.92, and most recently 5.41 as of December 31, 2023. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has strengthened over the years. A quick ratio above 1 suggests that the company may be able to comfortably cover its short-term liabilities with its quick assets. Palantir Technologies Inc.'s consistently increasing quick ratio reflects a healthy liquidity position and the company's ability to manage its short-term financial obligations effectively.