Palantir Technologies (BSP:P2LT34) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Palantir Technologies LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Palantir Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Palantir Technologies's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.04). It may suggest that Palantir Technologies is progressively becoming less dependent on debt to grow their business.

Palantir Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palantir Technologies's LT-Debt-to-Total-Asset 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.

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Palantir Technologies LT-Debt-to-Total-Asset Chart

Palantir Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.16

0.07

0.06

0.04

Palantir Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.05	0.04	0.04

Palantir Technologies LT-Debt-to-Total-Asset Calculation

Palantir Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	858.523	/	22158.978
	=	0.04

Palantir Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	858.523	/	22158.978
	=	0.04

Palantir Technologies (BSP:P2LT34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Palantir Technologies LT-Debt-to-Total-Asset Related Terms

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Palantir Technologies (BSP:P2LT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (BSP:P2LT34) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PLTR:USA 1PLTR:Italy PTX:Germany 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.

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