Palantir Technologies Inc. Class A Common Stock (PLTR)

Financial leverage 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
Total assets	US$ in thousands	5,768,100	5,191,880	4,807,080	4,522,420	4,193,420	3,980,260	3,683,140	3,461,240	3,318,840	3,282,340	3,319,180	3,247,450	3,224,330	3,075,670	3,014,180	2,690,500	2,603,710
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
Financial leverage ratio		1.28	1.28	1.27	1.30	1.31	1.35	1.35	1.35	1.39	1.40	1.40	1.42	1.43	1.49	1.67	1.77	2.08

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,768,100K ÷ $4,498,140K
= 1.28

The financial leverage ratio of Palantir Technologies Inc. Class A Common Stock has fluctuated over the observed period. The ratio indicates the company's level of financial risk and the extent to which it relies on debt financing to support its operations.

The trend shows a gradual increase in the financial leverage ratio from 1.28 in Sep 2020 to 2.08 in Dec 2020. This suggests a significant increase in the company's reliance on debt to finance its activities during this period. The ratio then decreased steadily, reaching 1.28 in Sep 2024, indicating a reduction in the proportion of debt within the company's capital structure.

The fluctuations in the financial leverage ratio could be a result of various factors such as changes in the company's capital structure, debt repayment, or issuance of new debt. Investors and stakeholders should closely monitor these trends to assess the company's financial health and risk profile.