Current Ratio
since 2020
Calculation
Palantir Technologies Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 5.96 | = | 5,934,289) | ÷ | 996,018) |
| Dec 31, 2023 | 5.55 | = | 4,138,618) | ÷ | 746,018) |
| Dec 31, 2022 | 5.17 | = | 3,041,577) | ÷ | 587,941) |
| Dec 31, 2021 | 4.34 | = | 2,863,250) | ÷ | 660,061) |
| Dec 31, 2020 | 3.74 | = | 2,257,429) | ÷ | 603,823) |
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. | 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, 2024 | 5.96 | 1.10 | 1.07 | 2.19 | 2.93 | 1.76 | 2.64 | 1.04 | 1.29 | 1.27 | 0.72 | 0.89 | 1.09 | 1.10 | 2.44 | 1.97 |
| Dec 31, 2023 | 5.55 | 1.30 | 1.34 | 1.71 | 1.24 | 1.73 | 3.17 | 0.96 | 1.47 | 1.77 | 0.91 | 0.78 | 1.02 | 1.06 | 1.15 | 1.75 |
| Dec 31, 2022 | 5.17 | 1.23 | 1.11 | 3.35 | 1.27 | 1.83 | 3.09 | 0.92 | 1.39 | 1.78 | 1.62 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Dec 31, 2021 | 4.34 | 1.25 | 1.25 | 5.05 | 1.77 | 2.65 | 3.54 | 0.88 | 1.94 | 2.08 | 2.30 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Dec 31, 2020 | 3.74 | 1.40 | 1.48 | — | 1.86 | 2.38 | 5.77 | 0.98 | 2.26 | 2.52 | 3.03 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
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 | 5.96 | 1.20 |
| Dec 31, 2023 | 5.55 | 1.40 |
| Dec 31, 2022 | 5.17 | 1.44 |
| Dec 31, 2021 | 4.34 | 1.69 |
| Dec 31, 2020 | 3.74 | 1.92 |
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 | 5.96 | 1.24 |
| Dec 31, 2023 | 5.55 | 1.41 |
| Dec 31, 2022 | 5.17 | 1.37 |
| Dec 31, 2021 | 4.34 | 1.55 |
| Dec 31, 2020 | 3.74 | 1.71 |
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).