PLTR (Palantir Technologies) Cash-to-Debt : 17.91 (As of Sep. 2024)

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What is Palantir Technologies Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Palantir Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 17.91.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Palantir Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Palantir Technologies's Cash-to-Debt or its related term are showing as below:

PLTR' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.73 Med: 9.89 Max: No Debt
Current: 17.91

During the past 6 years, Palantir Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 2.73. And the median was 9.89.

PLTR's Cash-to-Debt is ranked better than
74.03% of 2796 companies
in the Software industry
Industry Median: 2.33 vs PLTR: 17.91

Palantir Technologies Cash-to-Debt Historical Data

The historical data trend for Palantir Technologies's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Palantir Technologies Cash-to-Debt Chart

Palantir Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.73

4.40

9.71

10.56

16.02

Palantir Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															13.90	16.02	17.82	15.47	17.91

Competitive Comparison of Palantir Technologies's Cash-to-Debt

For the Software - Infrastructure subindustry, Palantir Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Palantir Technologies's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Palantir Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Palantir Technologies's Cash-to-Debt falls into.

Palantir Technologies Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Palantir Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3674.179	/	(54.176	+	175.216)
	=	16.02

Palantir Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4564.659	/	(47.637	+	207.278)
	=	17.91

Palantir Technologies (NAS:PLTR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Palantir Technologies Cash-to-Debt Related Terms

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Palantir Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (NAS:PLTR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLTR:Peru 1PLTR:Italy 1PLTRm:UK 0A7R:UK PTX:Germany P2LT34:Brazil PTX:Bulgaria PLTR:Austria

Address

1200 17th Street, Floor 15, Denver, CO, USA, 80202

Website

https://www.palantir.com

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

Executives

Shyam Sankar	officer: Chief Operating Officer & EVP	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Alexander D. Moore	director	C/O PALANTIR TECHNOLOGIES, INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Stat Lauren Elaina Friedman	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Alexander C. Karp	director, officer: Chief Executive Officer	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Stephen Andrew Cohen	director, officer: President and Secretary	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Ryan D. Taylor	officer: See Remarks	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
David A. Glazer	officer: CFO and Treasurer	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Heather A. Planishek	officer: See Remarks	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Peter Thiel	director, 10 percent owner	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069
Eric H. Woersching	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Alexandra W. Schiff	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Jeffrey Buckley	officer: Chief Accounting Officer	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Spencer M Rascoff	director	212 26TH STREET, UNIT 317, SANTA MONICA CA 90402
Matthew A. Long	officer: General Counsel	C/O PALANTIR TECHNOLOGIES INC., 1555 BLAKE STREET, SUITE 250, DENVER CO 80202
William Ho	officer: Controller	C/O PALANTIR TECHNOLOGIES INC., 1255 BLAKE STREET, SUITE 250, DENVER CO 80202