Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.13

December 31, 2023 calculation

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

The debt-to-equity ratio for Palantir Technologies Inc. Class A Common Stock has shown a consistent downward trend over the past four years, decreasing from 0.13 in 2020 to 0.00 in 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity, which can be viewed positively by investors and creditors as it signifies a lower financial risk. This trend suggests that the company has been reducing its reliance on debt financing and has been able to strengthen its equity position over time. However, it is essential to analyze other financial metrics and consider the specific industry context to gain a more comprehensive understanding of Palantir Technologies Inc.'s overall financial health and capital structure.