IQVIA Holdings Inc (IQV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 837,000 | 863,000 | 938,000 | 936,000 |
| Short-term investments | US$ in thousands | 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 | 62,000 | 57,000 | 56,000 | 55,000 |
| Receivables | US$ in thousands | 3,381,000 | 3,227,000 | 3,139,000 | 3,063,000 | 2,917,000 | 2,640,000 | 2,679,000 | 2,619,000 | 2,551,000 | 2,330,000 | 2,276,000 | 2,361,000 | 2,410,000 | 2,414,000 | 2,371,000 | 2,634,000 | 2,582,000 | 2,514,000 | 2,401,000 | 2,461,000 |
| 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 |
| Quick ratio | 0.75 | 0.69 | 0.71 | 0.70 | 0.76 | 0.76 | 0.82 | 0.80 | 0.77 | 0.81 | 0.87 | 0.98 | 0.95 | 0.96 | 0.92 | 0.93 | 0.88 | 0.96 | 0.97 | 0.99 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,376,000K
+ $120,000K
+ $3,381,000K)
÷ $6,491,000K
= 0.75
The quick ratio of IQVIA Holdings Inc has been relatively stable over the past eight quarters, ranging from 0.79 to 0.96. It indicates the company's ability to meet its short-term financial obligations using its most liquid assets such as cash, marketable securities, and accounts receivable.
The declining trend in the quick ratio from Q2 2022 to Q3 2023 may suggest that IQVIA Holdings Inc is experiencing challenges in maintaining sufficient liquid assets to cover its current liabilities. However, the ratio remains above 1, indicating that the company has enough quick assets to cover its short-term obligations.
It is important for investors and creditors to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to meet its short-term financial commitments. Further analysis of the company's cash flow and working capital management practices would provide additional insights into IQVIA Holdings Inc's liquidity position.
Peer comparison
Dec 31, 2023