Current Ratio
since 2020
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Palantir Technologies Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2020
- Debt to Equity since 2020
- Total Asset Turnover since 2020
- Price to Operating Profit (P/OP) since 2020
- Analysis of Revenues
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Calculation
Palantir Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | = | ÷ | |||
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in thousands
The current ratio exhibits a consistent upward trend from 2020 through 2025. This indicates an increasing ability to cover short-term obligations with short-term assets over the observed period.
- Current Ratio Trend
- The current ratio began at 3.74 in 2020 and increased to 7.11 by 2025. This represents a substantial improvement in the company’s short-term liquidity position.
- Year-over-Year Changes
- From 2020 to 2021, the current ratio increased by 0.60. The increase from 2021 to 2022 was 1.83, a more significant jump. The growth continued, albeit at a slower pace, with increases of 0.38 from 2022 to 2023 and 0.41 from 2023 to 2024. The largest year-over-year increase occurred between 2024 and 2025, with a rise of 1.15.
- Underlying Components
- Both current assets and current liabilities have increased over the period. However, the growth in current assets has consistently outpaced the growth in current liabilities, driving the improvement in the current ratio. Current assets increased from US$2,257,429 thousand in 2020 to US$8,358,174 thousand in 2025, while current liabilities rose from US$603,823 thousand to US$1,175,581 thousand over the same timeframe.
The sustained increase in the current ratio suggests a strengthening short-term financial position. The company appears increasingly capable of meeting its immediate financial obligations. The accelerating growth in the ratio from 2024 to 2025 warrants further investigation to understand the drivers behind this more pronounced improvement.
Comparison to Competitors
Palantir Technologies Inc., current ratio, long-term trends, comparison to competitors
| Palantir Technologies Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | ||||||||||||||||
| Dec 31, 2024 | ||||||||||||||||
| Dec 31, 2023 | ||||||||||||||||
| Dec 31, 2022 | ||||||||||||||||
| Dec 31, 2021 | ||||||||||||||||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Software & Services)
Palantir Technologies Inc., current ratio, long-term trends, comparison to sector (software & services)
| Palantir Technologies Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2025 | ||
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Information Technology)
Palantir Technologies Inc., current ratio, long-term trends, comparison to industry (information technology)
| Palantir Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2025 | ||
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).