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IQVIA Holdings Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2013
- Price to Earnings (P/E) since 2013
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Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The analysis of the annual debt data reveals several notable trends over the five-year period ending in 2022.
- Current Portion of Long-Term Debt
- The current portion of long-term debt shows fluctuations across the years. It remained steady at US$100 million in 2018 and 2019, then rose significantly to US$149 million in 2020. This was followed by a decrease to US$91 million in 2021, before increasing again to US$152 million in 2022. These variations indicate periodic refinancing or repayments impacting short-term debt obligations.
- Current Finance Lease Liabilities
- Data is only available for 2021 and 2022, showing amounts of US$9 million and US$5 million respectively. The decrease suggests a reduction in short-term lease liabilities or modifications in lease structures during this period.
- Long-Term Debt, Less Current Portion
- This category exhibits a generally upward trend, rising from US$10,907 million in 2018 to US$12,595 million in 2022. The peak occurred in 2020 at US$12,384 million, followed by a slight decline in 2021, then an increase again in 2022. Overall, the data reflects incremental growth in long-term debt obligations, possibly due to financing initiatives or capital expenditures.
- Long-Term Finance Lease Liabilities
- Starting from 2020, the finance lease liabilities increased steadily from US$122 million to US$224 million in 2022. This upward trajectory suggests expanding lease commitments or adoption of new lease accounting standards affecting long-term liabilities.
- Total Long-Term Debt and Finance Lease Liabilities (Carrying Amount)
- The total long-term debt including finance lease liabilities generally follows the combination of the prior long-term debt and lease liability trends. It increased from US$11,007 million in 2018 to US$12,976 million in 2022. Notably, there was a peak in 2020 at US$12,655 million, a slight decline in 2021, and then recovery and further increase in 2022. This pattern indicates an overall growing long-term debt burden.
In summary, the company’s debt profile shows a pattern of steady increment in long-term debt and lease liabilities over the analyzed period. The current portion of long-term debt fluctuates but ends higher in 2022 compared to 2018, reflecting changing short-term obligations. The emergence and rise of finance lease liabilities from 2020 onward highlight growing lease commitments. Collectively, these trends suggest active debt management with periodic refinancing and lease adjustments contributing to the evolving debt structure.
Total Debt (Fair Value)
Dec 31, 2022 | |
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Selected Financial Data (US$ in millions) | |
Long-term debt | |
Finance lease liabilities | |
Total long-term debt and finance lease liabilities (fair value) | |
Financial Ratio | |
Debt, fair value to carrying amount ratio |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on long-term debt and finance lease liabilities:
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
Total | |||
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =