Palantir Technologies Inc. Class A Common Stock (PLTR)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.07 | 0.07 | 0.08 |
| 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 |
| 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 |
| 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 |
The solvency ratios of Palantir Technologies Inc. Class A Common Stock provide valuable insights into the company's ability to meet its financial obligations and manage its debt levels.
The debt-to-assets ratio has consistently remained at 0.00 over the past several quarters, indicating that the company has not used debt to finance its assets. This shows a strong financial position in terms of the company's asset base compared to its debt obligations.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also been consistently at 0.00, suggesting that Palantir has not relied on debt to fund its operations or growth. This also indicates a low level of financial risk associated with the company's capital structure.
On the other hand, the financial leverage ratio has exhibited an increasing trend over the quarters, starting at 1.28 and steadily climbing to 2.08. This indicates that the company's reliance on debt in relation to equity has been on the rise, which could potentially lead to higher financial risk and interest payment obligations in the future.
Overall, Palantir Technologies Inc.'s solvency ratios highlight a strong financial position with minimal reliance on debt for funding its operations and investment activities. However, the upward trend in the financial leverage ratio warrants monitoring to ensure that the company maintains a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2,957.26 | 418.93 | 133.99 | 67.14 | 33.12 | -6.20 | -50.87 | -88.61 | -176.15 | -201.11 | -194.30 | -133.22 | -106.42 | -201.63 |
The interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.
In the case of Palantir Technologies Inc. Class A Common Stock, the interest coverage ratio has exhibited significant fluctuations over the past few quarters. The ratio sharply increased from 2,957.26 in September 2024 to 418.93 in June 2024, indicating a strong ability to cover interest expenses in the most recent quarter. However, in the preceding quarters, the interest coverage ratio was considerably lower, with negative values recorded in some periods, implying that the company may have faced challenges in meeting its interest payments.
The erratic nature of Palantir's interest coverage ratio suggests potential variability in its ability to service its debt obligations. It is essential for investors and stakeholders to closely monitor this ratio in future quarters to assess the company's financial health and debt servicing capabilities.
See also:
Palantir Technologies Inc. Class A Common Stock Solvency Ratios (Quarterly Data)