IQVIA Holdings Inc (IQV)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	12,955,000	12,595,000	12,034,000	12,384,000	11,545,000
Total assets	US$ in thousands	26,681,000	25,337,000	24,689,000	24,564,000	23,251,000
Debt-to-assets ratio		0.49	0.50	0.49	0.50	0.50

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,955,000K ÷ $26,681,000K
= 0.49

The debt-to-assets ratio of IQVIA Holdings Inc has shown slight fluctuations over the past five years. The ratio ranged from 0.49 to 0.51 during this period, indicating that the company's proportion of debt relative to its total assets has been relatively stable. A higher debt-to-assets ratio suggests that a larger portion of the company's assets is funded through debt, indicating higher financial risk. In contrast, a lower ratio implies that a larger portion of assets is financed through equity, which can be seen as a more conservative approach.

Overall, with the debt-to-assets ratio hovering around the 0.50 mark, IQVIA Holdings Inc has maintained a balanced capital structure with a reasonable mix of debt and equity financing. It suggests that the company has been managing its debt levels effectively, leveraging debt to support growth and operations while maintaining a healthy asset base to support its business activities.