IQVIA Holdings Inc (IQV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	6,112,000	5,805,000	5,748,000	5,932,000	5,765,000	5,347,000	5,352,000	5,919,000	6,042,000	5,829,000	5,760,000	5,953,000	6,001,000	5,846,000	5,591,000	5,542,000	6,003,000	6,131,000	6,523,000	6,615,000
Debt-to-capital ratio		0.68	0.68	0.68	0.67	0.69	0.70	0.70	0.68	0.67	0.67	0.68	0.67	0.67	0.68	0.68	0.68	0.66	0.65	0.63	0.63

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 been relatively stable over the past eight quarters, ranging between 0.68 to 0.71. This ratio indicates the proportion of the company's capital structure that is financed by debt.

The average debt-to-capital ratio for the period is approximately 0.695, suggesting that around 69.5% of IQVIA's capital structure is funded by debt on average. This signifies a moderate level of debt utilization in the company's overall financing mix.

The consistency in the debt-to-capital ratio implies that IQVIA has maintained a balanced approach towards debt and equity financing. It is important to monitor this ratio over time to assess the company's leverage position and its ability to meet debt obligations.