Current Ratio
since 2020
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Calculation
Palantir Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ |
Based on: 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
- Current Assets
- Current assets exhibited a consistent upward trend over the analyzed periods. Starting at approximately $2.26 billion at the end of 2020, the figure increased steadily each year, reaching nearly $5.93 billion by the end of 2024. This growth indicates enhanced liquidity and greater availability of short-term resources over time.
- Current Liabilities
- Current liabilities showed some fluctuation during the period but generally increased. The value rose from roughly $604 million at the end of 2020 to nearly $1 billion by the end of 2024. While there was a decline observed in 2022, liabilities increased again in 2023 and 2024, suggesting a growing obligation base, albeit at a slower rate compared to assets.
- Current Ratio
- The current ratio improved consistently across the years, starting at 3.74 in 2020 and increasing steadily to 5.96 by the end of 2024. This indicates strengthening short-term financial stability, as assets increasingly cover liabilities by a larger margin. The rising current ratio also reflects a conservative liquidity position, giving the company greater buffer to meet its short-term obligations.
Comparison to Competitors
Palantir Technologies Inc., current ratio, long-term trends, comparison to competitors
| Palantir Technologies Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | |||||||||||||||
| Dec 31, 2023 | |||||||||||||||
| Dec 31, 2022 | |||||||||||||||
| Dec 31, 2021 | |||||||||||||||
| Dec 31, 2020 |
Based on: 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, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 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, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 |
Based on: 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).