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)