IQVIA Holdings Inc (IQV)
Quick 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 | 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 |
| Receivables | US$ in thousands | 3,204,000 | 3,196,000 | 3,255,000 | 3,426,000 | 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 |
| 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 |
| Quick ratio | 0.73 | 0.70 | 0.75 | 0.78 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,702,000K
+ $141,000K
+ $3,204,000K)
÷ $6,957,000K
= 0.73
The quick ratio of IQVIA Holdings Inc has shown fluctuations over the past few years based on the provided data. The quick ratio is a liquidity ratio that measures a company's ability to meet short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020, to June 30, 2022, the quick ratio ranged between 0.87 and 0.98, indicating a relatively stable liquidity position. However, from September 30, 2022, the quick ratio began to decline, reaching a low of 0.69 on September 30, 2023, before recovering slightly to 0.73 by December 31, 2024.
The declining trend in the quick ratio from September 2022 to December 2024 may raise concerns about the company's ability to meet its short-term obligations using its quick assets. Investors and creditors may monitor this trend closely to assess the company's liquidity risk and financial health. Further analysis of the company's cash flow management and working capital efficiency may be warranted to understand the underlying reasons for the fluctuations in the quick ratio.
Peer comparison
Dec 31, 2024