IQVIA Holdings Inc (IQV)

Financial leverage 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
Total assets	US$ in thousands	26,681,000	25,977,000	26,036,000	25,739,000	25,337,000	24,223,000	24,413,000	24,969,000	24,689,000	24,033,000	23,937,000	24,467,000	24,564,000	23,837,000	23,183,000	23,078,000	23,251,000	22,892,000	23,068,000	23,109,000
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
Financial leverage ratio		4.37	4.47	4.53	4.34	4.39	4.53	4.56	4.22	4.09	4.12	4.16	4.11	4.09	4.08	4.15	4.16	3.87	3.73	3.54	3.49

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,681,000K ÷ $6,112,000K
= 4.37

IQVIA Holdings Inc's financial leverage ratio has fluctuated over the past eight quarters. The ratio was highest in Q2 2022 at 4.56 and lowest in Q1 2022 at 4.22. The company's financial leverage ratio for Q4 2023 stands at 4.37, showing a slight decrease from the previous quarter. This indicates that the company relies heavily on debt to finance its operations and investments, as a higher ratio suggests a higher level of debt relative to equity. Overall, the trend in IQVIA's financial leverage ratio over the quarters shows a degree of variability, which may indicate changes in the company's capital structure and borrowing decisions.