Palantir Technologies Inc. Class A Common Stock (PLTR)
Solvency ratios
| Dec 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.27 | 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 | 2.48 | 0.00 |
Based on the data provided for Palantir Technologies Inc. Class A Common Stock, the solvency ratios paint a healthy picture of the company's financial stability:
1. Debt-to-assets ratio: Palantir has maintained a consistently low debt-to-assets ratio of 0.00% from March 2020 to December 2024. This indicates that the company has minimal debt in relation to its total assets, demonstrating a strong financial position.
2. Debt-to-capital ratio: The company also shows a consistent debt-to-capital ratio of 0.00% throughout the same period. This reflects that Palantir relies very little on debt to finance its operations, which is a positive sign for investors and creditors.
3. Debt-to-equity ratio: Similar to the previous ratios, the debt-to-equity ratio of 0.00% from March 2020 to December 2024 underscores Palantir's minimal debt reliance and a strong equity base.
4. Financial leverage ratio: The financial leverage ratio has decreased steadily from 2.48 in June 2020 to 1.27 in December 2024. This downward trend suggests that Palantir has been reducing its reliance on debt financing and improving its financial stability over time.
In conclusion, based on the solvency ratios analyzed, Palantir Technologies Inc. appears to have a solid financial foundation with low debt levels and a healthy capital structure. This could enhance investor confidence in the company's long-term sustainability and growth prospects.
Coverage ratios
| Dec 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 2,684.96 | 378.96 | 108.18 | 46.31 | 26.65 | -12.62 | -53.62 | -87.97 | -176.15 | -201.09 | -194.27 | -133.20 | -106.41 | -201.47 | -108.50 | -82.58 | -77.98 | -34.48 | -65.55 |
The interest coverage ratio for Palantir Technologies Inc. Class A Common Stock has exhibited a significant improvement over the periods from March 31, 2020, to December 31, 2024. The ratio, which was initially negative indicating insufficient earnings to cover interest expenses, gradually increased and turned positive by March 31, 2024.
The substantial improvement in the interest coverage ratio signifies the company's ability to generate earnings sufficient to cover its interest obligations. The trend indicates a positive development in the company's financial performance and signifies a reduced financial risk related to servicing its debt.
Specifically, the interest coverage ratio increased from negative figures in 2020 and 2021, stayed positive in the years 2023 and 2024, with notable spikes in June 30, 2024, and September 30, 2024, reaching $378.96 and $2,684.96, respectively.
Overall, the positive interest coverage ratios from 2023 to 2024 indicate that Palantir Technologies Inc. Class A Common Stock has been able to comfortably meet its interest obligations with its operating profits, implying a healthier financial position and improved creditworthiness.
See also:
Palantir Technologies Inc. Class A Common Stock Solvency Ratios (Quarterly Data)