Palantir Technologies Inc. (NASDAQ:PLTR)

The information presents the trend of noncurrent net debt and total stockholders’ equity, culminating in the calculation of the debt-to-equity ratio for the period ending December 31, 2020 through December 31, 2025. A consistent increase in stockholders’ equity is observed throughout the analyzed period, while the noncurrent net debt figure is only available for 2020.

Debt to Equity Ratio

The debt-to-equity ratio is reported as 0.13 for December 31, 2020. Values for subsequent years are not included in the information. This indicates that for every dollar of equity, the company had 13 cents of debt at that time. The absence of data for later years prevents assessment of any trend in this ratio.

Total stockholders’ equity demonstrates a clear upward trajectory. It increased from US$1,522,550 thousand in 2020 to US$7,387,268 thousand in 2025. This represents a substantial growth in equity over the five-year period. The rate of increase appears to accelerate over time, with larger absolute increases observed in the later years of the period.

Noncurrent net debt is only specified for 2020, at US$197,977 thousand. Without corresponding debt figures for subsequent years, it is not possible to determine if the company’s debt levels have remained stable, increased, or decreased relative to its growing equity base. Consequently, a comprehensive assessment of the company’s financial leverage is limited by the available information.