IQVIA Holdings Inc (IQV)

Debt-to-equity 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-equity ratio		2.12	2.12	2.16	1.99	2.18	2.29	2.36	2.12	1.99	2.07	2.11	2.03	2.06	2.09	2.14	2.15	1.92	1.87	1.73	1.69

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,955,000K ÷ $6,112,000K
= 2.12

The debt-to-equity ratio of IQVIA Holdings Inc has ranged from 2.13 to 2.40 over the past eight quarters. This indicates that the company has consistently maintained a higher level of debt in relation to its equity. It is important to note that a higher debt-to-equity ratio typically signifies higher financial risk, as the company relies more on borrowed funds to finance its operations and growth.

The increasing trend in the debt-to-equity ratio over the quarters may suggest that IQVIA Holdings Inc is taking on more debt relative to its equity, potentially to fund expansion, acquisitions, or other strategic initiatives. Investors and stakeholders should closely monitor the company's ability to service its debt obligations and manage its financial leverage amid the increasing ratio. Additionally, the company's financial health and ability to generate sufficient earnings to cover interest payments should be carefully evaluated in light of its leverage levels.