Palantir Technologies Inc. Class A Common Stock (PLTR)

Quick ratio

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Cash US$ in thousands 768,710 512,659 520,388 831,047 1,040,310 1,055,920 1,264,740 2,598,540 2,411,290 2,358,390 2,269,410 2,290,670 2,335,070 2,341,160 2,339,440 2,011,320 1,800,190
Short-term investments US$ in thousands 3,795,950 3,485,800 3,347,510 2,843,130 2,243,260 2,047,330 1,639,800 35,135 57,342 99,210 252,563 234,153 148,077
Receivables US$ in thousands 668,110 659,339 487,000 364,784 430,300 375,756 254,000 258,346 343,300 265,826 256,554 190,923 174,405 242,998 151,400 156,932 162,269
Total current liabilities US$ in thousands 943,456 806,919 750,553 746,018 688,925 685,384 601,413 587,941 688,350 665,742 669,104 660,061 681,509 682,586 667,626 603,823 942,187
Quick ratio 5.55 5.77 5.80 5.41 5.39 5.08 5.25 4.92 4.09 4.09 4.15 4.11 3.90 3.79 3.73 3.59 2.08

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($768,710K + $3,795,950K + $668,110K) ÷ $943,456K
= 5.55

The quick ratio of Palantir Technologies Inc. Class A Common Stock has shown a generally positive trend over the past few quarters, indicating a strong ability to meet short-term financial obligations with liquid assets. In the most recent quarter, as of September 30, 2024, the quick ratio stood at 5.55, which means the company had $5.55 in liquid assets available to cover each dollar of its current liabilities. This suggests a healthy liquidity position and indicates that the company is well-positioned to handle its short-term financial commitments. The consistent increase in the quick ratio over the past few quarters is a positive sign of Palantir's financial health and ability to manage its short-term liquidity effectively.


Peer comparison

Sep 30, 2024


See also:

Palantir Technologies Inc. Class A Common Stock Quick Ratio (Quarterly Data)