Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	0	—	—	198,185	197,977	197,753
Total assets	US$ in thousands	5,768,100	5,191,880	4,807,080	4,522,420	4,193,420	3,980,260	3,683,140	3,461,240	3,318,840	3,282,340	3,319,180	3,247,450	3,224,330	3,075,670	3,014,180	2,690,500	2,603,710
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.07	0.08

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,768,100K
= 0.00

The debt-to-assets ratio for Palantir Technologies Inc. Class A Common Stock has remained consistently low over the past few quarters, indicating that the company has not relied heavily on debt to finance its operations or growth. The ratio has been consistently at 0.00 for most of the periods, with a slight increase to 0.07 in the March 31, 2021, quarter, and a further increase to 0.08 in the December 31, 2020, quarter.

The low debt-to-assets ratio suggests that Palantir Technologies Inc. has a strong financial position with a lower risk of financial distress due to excessive debt levels. This can be viewed positively by investors and creditors as it indicates that the company has a conservative approach to managing its capital structure and is not overly leveraged.

Overall, the trend of the debt-to-assets ratio for Palantir Technologies Inc. Class A Common Stock reflects a prudent financial strategy of maintaining a low debt burden relative to its assets, enhancing its overall financial stability and resilience.