IQVIA Holdings Inc (IQV)

Debt-to-assets 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
Long-term debt	US$ in thousands	12,838,000	12,293,000	12,091,000	12,819,000	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
Total assets	US$ in thousands	26,899,000	27,180,000	26,398,000	26,574,000	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
Debt-to-assets ratio		0.48	0.45	0.46	0.48	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,838,000K ÷ $26,899,000K
= 0.48

The debt-to-assets ratio of IQVIA Holdings Inc has shown a relatively stable trend over the analyzed period from March 31, 2020, to December 31, 2024. The ratio has fluctuated within a range of 0.45 to 0.52, indicating that the company's level of debt in relation to its total assets has been consistently moderate.

The ratio decreased slightly from 0.52 as of March 31, 2020, to 0.46 as of March 31, 2023, suggesting a reduction in debt relative to total assets during this period. However, there was some variability in the ratio over subsequent quarters, with it hovering around 0.48 to 0.52.

Overall, a debt-to-assets ratio between 0.45 and 0.52 is generally considered healthy, as it indicates that a significant portion of the company's assets is funded through equity rather than debt. This level of leverage signifies a balanced capital structure, where the company is not overly reliant on debt financing.