Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	5,003,280	3,475,560	2,565,330	2,291,030	1,522,550
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,003,280K)
= 0.00

The debt-to-capital ratio of Palantir Technologies Inc. Class A Common Stock has remained consistent at 0.00 over the past five years from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a significant source of financing relative to its total capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt, which may imply lower financial risk and less reliance on borrowing to fund its operations and expansion initiatives.