Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
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- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2020
- Current Ratio since 2020
- Price to Operating Profit (P/OP) since 2020
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Solvency Ratios (Summary)
Palantir Technologies Inc., solvency ratios
Based on: 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Palantir Technologies Inc. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Palantir Technologies Inc. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Palantir Technologies Inc. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Palantir Technologies Inc. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Palantir Technologies Inc. interest coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Palantir Technologies Inc. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Equity
Palantir Technologies Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Stockholders’ equity | |||||
| Solvency Ratio | |||||
| Debt to equity1 | |||||
| Benchmarks | |||||
| Debt to Equity, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Equity, Sector | |||||
| Software & Services | |||||
| Debt to Equity, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. |
Debt to Equity (including Operating Lease Liability)
Palantir Technologies Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Operating lease liabilities, current | |||||
| Operating lease liabilities, noncurrent | |||||
| Total debt (including operating lease liability) | |||||
| Stockholders’ equity | |||||
| Solvency Ratio | |||||
| Debt to equity (including operating lease liability)1 | |||||
| Benchmarks | |||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Equity (including Operating Lease Liability), Sector | |||||
| Software & Services | |||||
| Debt to Equity (including Operating Lease Liability), Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Palantir Technologies Inc. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Capital
Palantir Technologies Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Stockholders’ equity | |||||
| Total capital | |||||
| Solvency Ratio | |||||
| Debt to capital1 | |||||
| Benchmarks | |||||
| Debt to Capital, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Capital, Sector | |||||
| Software & Services | |||||
| Debt to Capital, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. |
Debt to Capital (including Operating Lease Liability)
Palantir Technologies Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Operating lease liabilities, current | |||||
| Operating lease liabilities, noncurrent | |||||
| Total debt (including operating lease liability) | |||||
| Stockholders’ equity | |||||
| Total capital (including operating lease liability) | |||||
| Solvency Ratio | |||||
| Debt to capital (including operating lease liability)1 | |||||
| Benchmarks | |||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Capital (including Operating Lease Liability), Sector | |||||
| Software & Services | |||||
| Debt to Capital (including Operating Lease Liability), Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Palantir Technologies Inc. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Assets
Palantir Technologies Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Total assets | |||||
| Solvency Ratio | |||||
| Debt to assets1 | |||||
| Benchmarks | |||||
| Debt to Assets, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Assets, Sector | |||||
| Software & Services | |||||
| Debt to Assets, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. |
Debt to Assets (including Operating Lease Liability)
Palantir Technologies Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Debt, noncurrent, net | |||||
| Total debt | |||||
| Operating lease liabilities, current | |||||
| Operating lease liabilities, noncurrent | |||||
| Total debt (including operating lease liability) | |||||
| Total assets | |||||
| Solvency Ratio | |||||
| Debt to assets (including operating lease liability)1 | |||||
| Benchmarks | |||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Debt to Assets (including Operating Lease Liability), Sector | |||||
| Software & Services | |||||
| Debt to Assets (including Operating Lease Liability), Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Palantir Technologies Inc. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Financial Leverage
Palantir Technologies Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Total assets | |||||
| Stockholders’ equity | |||||
| Solvency Ratio | |||||
| Financial leverage1 | |||||
| Benchmarks | |||||
| Financial Leverage, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Financial Leverage, Sector | |||||
| Software & Services | |||||
| Financial Leverage, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Palantir Technologies Inc. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Coverage
Palantir Technologies Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net income (loss) attributable to common stockholders | |||||
| Add: Net income attributable to noncontrolling interest | |||||
| Add: Income tax expense | |||||
| Add: Interest expense | |||||
| Earnings before interest and tax (EBIT) | |||||
| Solvency Ratio | |||||
| Interest coverage1 | |||||
| Benchmarks | |||||
| Interest Coverage, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Interest Coverage, Sector | |||||
| Software & Services | |||||
| Interest Coverage, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Palantir Technologies Inc. interest coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
Fixed Charge Coverage
Palantir Technologies Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net income (loss) attributable to common stockholders | |||||
| Add: Net income attributable to noncontrolling interest | |||||
| Add: Income tax expense | |||||
| Add: Interest expense | |||||
| Earnings before interest and tax (EBIT) | |||||
| Add: Operating lease expense | |||||
| Earnings before fixed charges and tax | |||||
| Interest expense | |||||
| Operating lease expense | |||||
| Fixed charges | |||||
| Solvency Ratio | |||||
| Fixed charge coverage1 | |||||
| Benchmarks | |||||
| Fixed Charge Coverage, Competitors2 | |||||
| Accenture PLC | |||||
| Adobe Inc. | |||||
| Autodesk Inc. | |||||
| Cadence Design Systems Inc. | |||||
| CrowdStrike Holdings Inc. | |||||
| International Business Machines Corp. | |||||
| Intuit Inc. | |||||
| Microsoft Corp. | |||||
| Oracle Corp. | |||||
| Palo Alto Networks Inc. | |||||
| Salesforce Inc. | |||||
| ServiceNow Inc. | |||||
| Synopsys Inc. | |||||
| Fixed Charge Coverage, Sector | |||||
| Software & Services | |||||
| Fixed Charge Coverage, Industry | |||||
| Information Technology | |||||
Based on: 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 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Palantir Technologies Inc. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |