IQVIA Holdings Inc (IQV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	6,112,000	5,765,000	6,042,000	6,001,000	6,003,000
Debt-to-capital ratio		0.68	0.69	0.67	0.67	0.66

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,955,000K ÷ ($12,955,000K + $6,112,000K)
= 0.68

The debt-to-capital ratio of IQVIA Holdings Inc has remained relatively stable over the past five years, ranging between 0.66 and 0.69. This ratio indicates the proportion of the company's capital structure that is financed by debt, with values above 0.5 typically suggesting a higher reliance on debt to fund operations and expansion.

The consistent value around 0.68 suggests that IQVIA Holdings Inc has maintained a moderate level of debt in relation to its total capital over the years. This can be both favorable and concerning - while debt can provide tax advantages and leverage for growth, it also increases financial risk and interest expenses.

Overall, the trend in the debt-to-capital ratio for IQVIA Holdings Inc indicates a stable financing structure with a balanced mix of debt and equity. However, further analysis of the company's overall financial health and ability to service its debt obligations would be necessary to fully assess the implications of this ratio.