IQVIA Holdings Inc (IQV)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,067,000 | 6,967,000 | 6,714,000 | 6,344,000 | 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 |
| Debt-to-capital ratio | 0.68 | 0.64 | 0.64 | 0.67 | 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 |
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 shown relatively stable trends over the reported periods, ranging between 0.64 and 0.70. This ratio measures the proportion of the company's total debt relative to its total capital (debt plus equity). A higher ratio indicates a larger reliance on debt to finance operations and growth.
IQVIA's debt-to-capital ratio fluctuated within a narrow range around the mid-0.60s to low-0.70s, suggesting that the company's capital structure has remained consistent over the reporting period. This stability indicates that IQVIA has been able to effectively manage its debt levels in relation to its overall capital base.
It is essential to monitor this ratio over time to assess the company's leverage and financial risk, as significant increases may signal potential liquidity issues or financial distress. Additionally, investors and stakeholders use this ratio to evaluate the company's financial health and its ability to meet its debt obligations.
Peer comparison
Dec 31, 2024