Palantir Technologies (Palantir Technologies) Interest Expense : $-2 Mil (TTM As of Mar. 2024)

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What is Palantir Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palantir Technologies's interest expense for the three months ended in Mar. 2024 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Palantir Technologies's Operating Income for the three months ended in Mar. 2024 was $ 81 Mil. Palantir Technologies's Interest Expense for the three months ended in Mar. 2024 was $ 0 Mil. GuruFocus does not calculate Palantir Technologies's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Palantir Technologies Interest Expense Historical Data

The historical data trend for Palantir Technologies's Interest Expense 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 Interest Expense Chart

Palantir Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.06

-14.14

-3.64

-4.06

-3.47

Palantir Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.28	-1.32	-0.74	-0.14	-

Palantir Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Palantir Technologies (NYSE:PLTR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Palantir Technologies's Interest Expense for the three months ended in Mar. 2024 was $0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $163 Mil.

Palantir Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

GuruFocus does not calculate Palantir Technologies's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Palantir Technologies Inc has enough cash to cover all of its debt. Its financial situation is stable.

Palantir Technologies (Palantir Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (NYSE:PLTR) » Definitions » Interest Expense

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Traded in Other Exchanges

1PLTR:Italy PTX:Germany PTX:Germany PTX:Germany PTX:Germany P2LT34:Brazil 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

Alexandra W. Schiff	director	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
Heather A. Planishek	officer: See Remarks	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
Shyam Sankar	officer: Chief Operating Officer & EVP	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
Eric H. Woersching	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
Peter Thiel	director, 10 percent owner	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069
Matthew A. Long	officer: General Counsel	C/O PALANTIR TECHNOLOGIES INC., 1555 BLAKE STREET, SUITE 250, DENVER CO 80202
Sompo Holdings, Inc.	10 percent owner	26-1, NISHI-SHINJUKU 1-CHOME, SHINJUKU-KU, TOKYO M0 160-8338