Palantir Technologies Inc. Class A Common Stock (PLTR)

Quick ratio

		Dec 31, 2024	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	Jun 30, 2020	Mar 31, 2020
Cash	US$ in thousands	2,098,520	768,710	512,659	520,388	831,417	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	1,497,590	-1,079,150
Short-term investments	US$ in thousands	3,131,460	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	—	—	—	—	—	2,158,310
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	996,018	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	604,116	—
Quick ratio		5.25	4.84	4.96	5.15	4.93	4.77	4.53	4.83	4.48	3.59	3.69	3.77	3.83	3.64	3.43	3.50	3.33	1.91	2.48	—

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,098,520K + $3,131,460K + $—K) ÷ $996,018K
= 5.25

The quick ratio of Palantir Technologies Inc. Class A Common Stock has shown a consistent upward trend, indicating a strong liquidity position. As of December 31, 2024, the quick ratio stands at 5.25, which means that the company has $5.25 in liquid assets available to cover each dollar of current liabilities. This suggests that Palantir has a sufficient level of liquid assets to meet its short-term obligations without relying heavily on inventory.

Overall, the increasing trend in the quick ratio reflects the company's ability to promptly meet its short-term financial obligations using its highly liquid assets. Investors and analysts often view a high quick ratio positively as it signifies a strong liquidity position and may indicate effective financial management by the company. It shows that Palantir has the flexibility to address any unexpected financial needs or capitalize on potential investment opportunities without jeopardizing its financial stability.