Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	4,498,140	4,050,520	3,775,230	3,475,560	3,190,020	2,955,470	2,723,730	2,565,330	2,386,620	2,348,820	2,364,750	2,291,030	2,248,060	2,068,960	1,805,940	1,522,550	1,251,750
Debt-to-capital 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	0.10	0.12	0.14

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,498,140K)
= 0.00

The debt-to-capital ratio for Palantir Technologies Inc. Class A Common Stock has remained consistently low over the past several quarters, indicating a minimal reliance on debt financing in relation to the company's overall capital structure. The ratio of 0.00 for the most recent quarters suggests that the company has not used any debt to finance its operations or investments during those periods.

It is noteworthy that the debt-to-capital ratio started to increase from March 31, 2021, reaching 0.10 by March 31, 2021, and further increasing to 0.12 by June 30, 2021, and 0.14 by September 30, 2021. However, this uptrend was followed by a return to lower levels, with subsequent quarters showing a consistent ratio of 0.00.

This stable and low debt-to-capital ratio may indicate that Palantir Technologies Inc. has been able to fund its operations and investments primarily through equity financing or retained earnings, potentially reducing its financial risk and interest expenses. Investors and stakeholders may view this ratio positively as it suggests a conservative approach to capital structure management.