Palantir Technologies Inc. (NASDAQ:PLTR)

Current Ratio

Over the examined periods, the current ratio demonstrates a generally upward trend, indicating improved short-term liquidity. Starting from 4.38 in March 2022, the ratio slightly decreased by September 2022 to 4.28 but then rose steadily, peaking at 6.49 in March 2025. This suggests that the company's ability to cover its current liabilities with current assets has strengthened over time.

Quick Ratio

The quick ratio follows a similar pattern to the current ratio, reflecting robust liquidity utilizing more liquid assets. Initially at 4.15 in March 2022, it decreased marginally to 4.08 by September 2022 before increasing consistently to reach 6.36 in March 2025. The trend indicates effective management of liquid assets relative to immediate liabilities.

Cash Ratio

The cash ratio reveals a positive upward trajectory throughout the periods. Starting from 3.77 in March 2022, it declined slightly to 3.59 by September 2022 but then experienced steady improvement, reaching 5.61 in March 2025. The pattern signifies enhanced availability of cash and cash equivalents against current liabilities, highlighting a conservative liquidity position.

The analysis of the quarterly financial data reveals several significant trends in the company's short-term financial position over the observed periods.

Current Assets

The current assets demonstrate a consistent upward trend throughout the periods, increasing from approximately 2.93 billion US dollars at the start to nearly 6.89 billion US dollars by the last period. This steady growth indicates an expanding asset base available for meeting short-term obligations and for operational needs. The incremental increases suggest effective asset management and possibly successful liquidity strategies or increased operational scale.

Current Liabilities

Current liabilities fluctuate over the periods, beginning around 669 million US dollars and rising to approximately 1.09 billion US dollars in the final period. Although the liabilities have generally increased, the growth rate appears slower and less consistent than that of current assets. There are minor declines and plateaus in certain quarters, indicating some variability in short-term obligations that might be tied to operational or financing activities.

Current Ratio

The current ratio, a key liquidity metric, remains robust and exhibits a strengthening trend overall. Starting at 4.38, the ratio increases with some variability to reach over 6.3 by the latest period. This upward movement reflects an improvement in the company's ability to cover short-term liabilities with short-term assets. The ratio consistently stays well above the generally accepted benchmark of 1, indicating strong liquidity and low short-term financial risk.

In summary, the company shows progressive growth in current assets outpacing the rise in current liabilities, resulting in an improved current ratio across the reported periods. These trends suggest enhanced liquidity and financial stability in managing its short-term financial obligations.

The financial data reveals a generally positive trend in liquidity for the company over the analyzed periods. Total quick assets have progressively increased from approximately $2.78 billion as of March 31, 2022, to about $6.75 billion by June 30, 2025. This steady growth indicates an expanding base of highly liquid assets.

Current liabilities demonstrate more variability but overall show an upward movement from around $669 million in the first quarter of 2022 to approximately $1.09 billion by the second quarter of 2025. Although there are fluctuations, current liabilities have increased at a slower pace compared to quick assets.

The quick ratio, a key liquidity indicator, consistently remains above 4 throughout the entire timeframe, starting at 4.15 and rising to peaks above 6. This suggests a strong liquidity position where quick assets significantly exceed current liabilities. The ratio exhibits minor fluctuations but an overall upward trend, reflecting improving capacity to cover short-term obligations without relying on inventory.

Total quick assets

Show steady and substantial growth over the periods, more than doubling in approximately three years.

Current liabilities

Increase over time but at a slower and less consistent rate compared to quick assets.

Quick ratio

Remains robust and improves over time, indicating strong liquidity with quick assets consistently covering current liabilities by a large margin.

Overall, the trends suggest an improving liquidity profile, with the company enhancing its short-term financial strength. The growing quick assets relative to liabilities and a rising quick ratio underscore a solid capacity to meet current obligations efficiently.

The analysis of the quarterly financial data reveals several notable trends and insights relating to the company's liquidity and short-term financial health over the observed periods.

Total Cash Assets

There is a consistent upward trajectory in total cash assets from the beginning to the end of the period. Starting at approximately 2.52 billion US dollars, cash reserves gradually increased with minor fluctuations, reaching over 6 billion US dollars by the latest quarter. This growth signifies an improving liquidity position and a strengthening cash base.

Current Liabilities

Current liabilities display a fluctuating yet generally increasing trend. Initial values near 669 million US dollars dipped slightly towards the end of 2022 but then rose steadily to exceed 1 billion US dollars by mid-2025. The increase in liabilities suggests growing short-term obligations, which may be linked to business expansion or increased operating activities.

Cash Ratio

The cash ratio, representing the company’s ability to cover short-term liabilities with cash and cash equivalents, remains robust throughout the periods. It started at 3.77 and showed slight variation but maintained a healthy level above 3.5, even peaking at 5.61 before a moderate decrease. This indicates the company consistently holds more than sufficient cash relative to its current liabilities, reflecting strong liquidity management.

Overall, the company exhibits a positive financial condition with substantial increases in cash holdings outpacing the growth of current liabilities. The high cash ratios throughout the timeline affirm prudent liquidity management, reducing short-term financial risk. Nevertheless, the rise in current liabilities warrants attention to ensure obligations remain manageable relative to cash resources.