IQVIA Holdings Inc (IQV)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,596,000 | 5,208,000 | 5,329,000 | 5,328,000 | 4,981,000 | 4,752,000 | 4,911,000 | 4,772,000 | 4,763,000 | 4,534,000 | 5,068,000 | 5,579,000 | 5,090,000 | 4,645,000 | 4,208,000 | 4,277,000 | 4,126,000 | 3,995,000 | 3,978,000 | 3,999,000 |
| Total current liabilities | US$ in thousands | 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 | 3,945,000 | 3,576,000 | 3,495,000 | 3,502,000 |
| Current ratio | 0.86 | 0.79 | 0.81 | 0.80 | 0.89 | 0.90 | 0.96 | 0.93 | 0.91 | 0.94 | 1.05 | 1.15 | 1.12 | 1.12 | 1.09 | 1.09 | 1.05 | 1.12 | 1.14 | 1.14 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,596,000K ÷ $6,491,000K
= 0.86
The current ratio of IQVIA Holdings Inc has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations using its current assets. A higher current ratio generally indicates a stronger ability to meet short-term liabilities.
In Q4 2023, the current ratio was 0.86, which improved from the previous quarter but remained below 1. This suggests that the company may have had difficulties covering its short-term obligations with its current assets. The ratio has been below 1 for the past five quarters, indicating potential liquidity challenges.
It is worth noting that while the current ratio has fluctuated, it has generally been below 1, which may raise concerns about the company's short-term liquidity. It is advisable for investors and stakeholders to closely monitor IQVIA Holdings Inc's ability to manage and improve its current assets and liabilities to ensure financial stability and efficiency in meeting its short-term obligations.
Peer comparison
Dec 31, 2023