Stock Analysis on Net

IQVIA Holdings Inc. (NYSE:IQV)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Analysis of Debt

Microsoft Excel

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Total Debt (Carrying Amount)

IQVIA Holdings Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current portion of long-term debt
Current finance lease liabilities
Long-term debt, less current portion
Long-term finance lease liabilities
Total long-term debt and finance lease liabilities (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)

Microsoft Excel
Dec 31, 2022
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 × ÷ =