Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	0	197,977
Total stockholders’ equity	US$ in thousands	3,475,560	2,565,330	2,291,030	1,522,550
Debt-to-capital ratio		0.00	0.00	0.00	0.12

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,475,560K)
= 0.00

The debt-to-capital ratio of Palantir Technologies Inc. Class A Common Stock has shown a consistent trend of decreasing over the past four years. As of December 31, 2023, the ratio stands at 0.00, indicating that the company has negligible debt relative to its total capital. This is a significant improvement compared to the ratio of 0.12 reported at the end of 2020, suggesting that the company has effectively managed its debt levels and reduced its reliance on external funding sources. It is worth noting that a debt-to-capital ratio of zero could either indicate that the company has no debt at all or that its capital structure is purely equity-based. In either case, a lower debt-to-capital ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability.