IQVIA Holdings Inc (IQV)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	12,838,000	12,955,000	12,595,000	12,034,000	12,384,000
Total stockholders’ equity	US$ in thousands	6,067,000	6,112,000	5,765,000	6,042,000	6,001,000
Debt-to-capital ratio		0.68	0.68	0.69	0.67	0.67

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,838,000K ÷ ($12,838,000K + $6,067,000K)
= 0.68

The debt-to-capital ratio of IQVIA Holdings Inc has remained relatively stable over the past five years, ranging between 0.67 and 0.69. This ratio indicates that, on average, approximately 67-69% of the company's capital structure is financed by debt. A value of 0.67 to 0.69 suggests that IQVIA has a moderate level of debt relative to its total capital, which could imply a balanced approach to financing its operations. It is important to note that analyzing debt ratios in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive understanding of the company's overall financial health and leverage position.