IQVIA Holdings Inc (IQV)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 26,899,000 | 26,681,000 | 25,337,000 | 24,689,000 | 24,564,000 |
| Total stockholders’ equity | US$ in thousands | 6,067,000 | 6,112,000 | 5,765,000 | 6,042,000 | 6,001,000 |
| Financial leverage ratio | 4.43 | 4.37 | 4.39 | 4.09 | 4.09 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,899,000K ÷ $6,067,000K
= 4.43
The financial leverage ratio of IQVIA Holdings Inc has been relatively stable over the past few years. It was 4.09 as of December 31, 2020 and remained constant at the same level as of December 31, 2021. However, there was a slight increase to 4.39 as of December 31, 2022, followed by a slight decrease to 4.37 as of December 31, 2023. The ratio then increased again to 4.43 as of December 31, 2024. Overall, the trend indicates that the company's reliance on debt to finance its operations has been gradually increasing, which may pose higher financial risks but could also potentially lead to higher returns. It is important for stakeholders to monitor this ratio and assess the company's ability to meet its debt obligations in the long run.
Peer comparison
Dec 31, 2024