IQVIA Holdings Inc (IQV)

Debt-to-assets 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
Long-term debt	US$ in thousands	12,955,000	12,322,000	12,433,000	11,833,000	12,595,000	12,243,000	12,615,000	12,547,000	12,034,000	12,081,000	12,140,000	12,092,000	12,384,000	12,195,000	11,965,000	11,894,000	11,545,000	11,444,000	11,299,000	11,187,000
Total assets	US$ in thousands	26,681,000	25,977,000	26,036,000	25,739,000	25,337,000	24,223,000	24,413,000	24,969,000	24,689,000	24,033,000	23,937,000	24,467,000	24,564,000	23,837,000	23,183,000	23,078,000	23,251,000	22,892,000	23,068,000	23,109,000
Debt-to-assets ratio		0.49	0.47	0.48	0.46	0.50	0.51	0.52	0.50	0.49	0.50	0.51	0.49	0.50	0.51	0.52	0.52	0.50	0.50	0.49	0.48

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 remained relatively stable over the past eight quarters, ranging from 0.50 to 0.53. This ratio indicates that the company finances approximately 50-53% of its assets through debt, with the rest being funded through equity. The consistency of this ratio suggests that IQVIA has maintained a balanced capital structure, leveraging an appropriate level of debt to support its operations and investments. Overall, the trend in the debt-to-assets ratio reflects a prudent approach to managing the company's financial leverage and risk.