IQVIA Holdings Inc (IQV)
Debt-to-equity 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-equity ratio | 2.12 | 2.12 | 2.18 | 1.99 | 2.06 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,838,000K ÷ $6,067,000K
= 2.12
The debt-to-equity ratio of IQVIA Holdings Inc has shown a fluctuating trend over the past five years. As of December 31, 2020, the ratio stood at 2.06, indicating that the company had more debt relative to its equity. Subsequently, there was a slight decrease in the ratio to 1.99 by December 31, 2021, suggesting a lower reliance on debt for financing.
However, by the end of December 31, 2022, the debt-to-equity ratio increased to 2.18, indicating a higher level of debt relative to equity compared to the previous year. The ratio slightly decreased to 2.12 by the end of December 31, 2023, staying relatively stable at the same level by the end of December 31, 2024.
Overall, the trend in the debt-to-equity ratio of IQVIA Holdings Inc demonstrates some variability but generally suggests a moderate level of leverage in the company's capital structure, which may impact its financial risk and flexibility.
Peer comparison
Dec 31, 2024