IQVIA Holdings Inc (IQV)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,702,000 | 1,572,000 | 1,545,000 | 1,444,000 | 1,376,000 | 1,224,000 | 1,382,000 | 1,494,000 | 1,216,000 | 1,274,000 | 1,428,000 | 1,387,000 | 1,366,000 | 1,470,000 | 1,807,000 | 2,305,000 | 1,814,000 | 1,464,000 | 1,109,000 | 927,000 |
| Short-term investments | US$ in thousands | 141,000 | 140,000 | 133,000 | 131,000 | 120,000 | 108,000 | 110,000 | 104,000 | 93,000 | 87,000 | 90,000 | 106,000 | 111,000 | 104,000 | 104,000 | 97,000 | 88,000 | 79,000 | 73,000 | 63,000 |
| Total current liabilities | US$ in thousands | 6,957,000 | 6,992,000 | 6,620,000 | 6,448,000 | 6,491,000 | 6,589,000 | 6,543,000 | 6,657,000 | 5,578,000 | 5,253,000 | 5,104,000 | 5,157,000 | 5,241,000 | 4,847,000 | 4,819,000 | 4,868,000 | 4,558,000 | 4,139,000 | 3,843,000 | 3,907,000 |
| Cash ratio | 0.26 | 0.24 | 0.25 | 0.24 | 0.23 | 0.20 | 0.23 | 0.24 | 0.23 | 0.26 | 0.30 | 0.29 | 0.28 | 0.32 | 0.40 | 0.49 | 0.42 | 0.37 | 0.31 | 0.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,702,000K
+ $141,000K)
÷ $6,957,000K
= 0.26
The cash ratio of IQVIA Holdings Inc has shown some fluctuations over the observed period. The cash ratio has varied between 0.20 to 0.49, indicating the company's ability to cover its short-term obligations with its available cash and cash equivalents.
The trend of the cash ratio indicates an increasing liquidity position from March 2020 to March 2021, reaching the highest point of 0.49. However, there was a decline in the ratio in the following quarters, with fluctuations between 0.23 to 0.42 until June 2022.
From June 2022 to December 2024, the cash ratio exhibited relative stability, ranging between 0.23 to 0.26. This implies that IQVIA Holdings Inc maintained a stable ability to meet its short-term obligations with its cash reserves during this period. It is important for the company to sustain a healthy cash ratio level to ensure financial flexibility and manage any unforeseen cash needs effectively.
Peer comparison
Dec 31, 2024