Palantir Technologies Inc. Class A Common Stock (PLTR)

Debt-to-equity 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-equity 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	0.11	0.13	0.16

September 30, 2024 calculation

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

The debt-to-equity ratio of Palantir Technologies Inc. Class A Common Stock has shown a consistent trend of maintaining very low levels, with ratios of 0.00 reported across all quarters in 2024. This indicates that the company has not relied heavily on debt financing to fund its operations and investments.

However, it is worth noting that there was a slight increase in the debt-to-equity ratio from the end of 2020 to the first quarter of 2021, with ratios of 0.11 and 0.13, respectively, indicating a small increase in debt relative to equity during that period.

Overall, the consistently low debt-to-equity ratios suggest that Palantir Technologies Inc. has a conservative capital structure with a relatively low level of financial leverage, which may be viewed positively by investors and creditors.