Stock Analysis on Net
Stock Analysis on Net

IQVIA Holdings Inc. (NYSE:IQV)

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

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

IQVIA Holdings Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Activity Ratio
Total Asset Turnover
Reported 0.57 0.56 0.46 0.48 0.46
Adjusted 0.57 0.59 0.47 0.48 0.45
Liquidity Ratio
Current Ratio
Reported 0.89 0.91 1.12 1.05 1.10
Adjusted 1.34 1.42 1.58 1.45 1.59
Solvency Ratios
Debt to Equity
Reported 2.25 2.04 2.11 1.94 1.64
Adjusted 1.68 1.55 1.68 1.55 1.34
Debt to Capital
Reported 0.69 0.67 0.68 0.66 0.62
Adjusted 0.63 0.61 0.63 0.61 0.57
Financial Leverage
Reported 4.39 4.09 4.09 3.87 3.36
Adjusted 3.17 2.99 3.12 2.93 2.66
Profitability Ratios
Net Profit Margin
Reported 7.57% 6.96% 2.46% 1.72% 2.49%
Adjusted 4.30% 8.19% 4.23% 0.02% -1.67%
Return on Equity (ROE)
Reported 18.92% 15.99% 4.65% 3.18% 3.86%
Adjusted 7.77% 14.40% 6.25% 0.03% -2.01%
Return on Assets (ROA)
Reported 4.31% 3.91% 1.14% 0.82% 1.15%
Adjusted 2.45% 4.81% 2.00% 0.01% -0.75%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. IQVIA Holdings Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. IQVIA Holdings Inc. adjusted current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. IQVIA Holdings Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. IQVIA Holdings Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 IQVIA Holdings Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. IQVIA Holdings Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. IQVIA Holdings Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. IQVIA Holdings Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

IQVIA Holdings Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Revenues 14,410 13,874 11,359 11,088 10,412
Total assets 25,337 24,689 24,564 23,251 22,549
Activity Ratio
Total asset turnover1 0.57 0.56 0.46 0.48 0.46
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues2 14,382 14,447 11,597 11,095 10,434
Adjusted total assets3 25,255 24,598 24,484 23,148 23,068
Activity Ratio
Adjusted total asset turnover4 0.57 0.59 0.47 0.48 0.45

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).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 14,410 ÷ 25,337 = 0.57

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 14,382 ÷ 25,255 = 0.57

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. IQVIA Holdings Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Current assets 4,981 4,763 5,090 4,126 3,874
Current liabilities 5,578 5,241 4,558 3,945 3,534
Liquidity Ratio
Current ratio1 0.89 0.91 1.12 1.05 1.10
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 5,017 4,796 5,124 4,142 3,889
Adjusted current liabilities3 3,755 3,386 3,253 2,864 2,453
Liquidity Ratio
Adjusted current ratio4 1.34 1.42 1.58 1.45 1.59

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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,981 ÷ 5,578 = 0.89

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2022 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 5,017 ÷ 3,755 = 1.34

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. IQVIA Holdings Inc. adjusted current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 12,976 12,311 12,655 11,645 11,007
Equity attributable to IQVIA Holdings Inc.’s stockholders 5,765 6,042 6,001 6,003 6,714
Solvency Ratio
Debt to equity1 2.25 2.04 2.11 1.94 1.64
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 13,351 12,764 13,182 12,194 11,620
Adjusted total stockholders’ equity3 7,970 8,216 7,843 7,887 8,677
Solvency Ratio
Adjusted debt to equity4 1.68 1.55 1.68 1.55 1.34

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).

1 2022 Calculation
Debt to equity = Total debt ÷ Equity attributable to IQVIA Holdings Inc.’s stockholders
= 12,976 ÷ 5,765 = 2.25

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 13,351 ÷ 7,970 = 1.68

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. IQVIA Holdings Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 12,976 12,311 12,655 11,645 11,007
Total capital 18,741 18,353 18,656 17,648 17,721
Solvency Ratio
Debt to capital1 0.69 0.67 0.68 0.66 0.62
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 13,351 12,764 13,182 12,194 11,620
Adjusted total capital3 21,321 20,980 21,025 20,081 20,297
Solvency Ratio
Adjusted debt to capital4 0.63 0.61 0.63 0.61 0.57

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).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,976 ÷ 18,741 = 0.69

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 13,351 ÷ 21,321 = 0.63

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. IQVIA Holdings Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total assets 25,337 24,689 24,564 23,251 22,549
Equity attributable to IQVIA Holdings Inc.’s stockholders 5,765 6,042 6,001 6,003 6,714
Solvency Ratio
Financial leverage1 4.39 4.09 4.09 3.87 3.36
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 25,255 24,598 24,484 23,148 23,068
Adjusted total stockholders’ equity3 7,970 8,216 7,843 7,887 8,677
Solvency Ratio
Adjusted financial leverage4 3.17 2.99 3.12 2.93 2.66

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).

1 2022 Calculation
Financial leverage = Total assets ÷ Equity attributable to IQVIA Holdings Inc.’s stockholders
= 25,337 ÷ 5,765 = 4.39

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 25,255 ÷ 7,970 = 3.17

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 IQVIA Holdings Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc. 1,091 966 279 191 259
Revenues 14,410 13,874 11,359 11,088 10,412
Profitability Ratio
Net profit margin1 7.57% 6.96% 2.46% 1.72% 2.49%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 619 1,183 490 2 (174)
Adjusted revenues3 14,382 14,447 11,597 11,095 10,434
Profitability Ratio
Adjusted net profit margin4 4.30% 8.19% 4.23% 0.02% -1.67%

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).

1 2022 Calculation
Net profit margin = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Revenues
= 100 × 1,091 ÷ 14,410 = 7.57%

2 Adjusted net income. See details »

3 Adjusted revenues. See details »

4 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 619 ÷ 14,382 = 4.30%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. IQVIA Holdings Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc. 1,091 966 279 191 259
Equity attributable to IQVIA Holdings Inc.’s stockholders 5,765 6,042 6,001 6,003 6,714
Profitability Ratio
ROE1 18.92% 15.99% 4.65% 3.18% 3.86%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 619 1,183 490 2 (174)
Adjusted total stockholders’ equity3 7,970 8,216 7,843 7,887 8,677
Profitability Ratio
Adjusted ROE4 7.77% 14.40% 6.25% 0.03% -2.01%

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).

1 2022 Calculation
ROE = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Equity attributable to IQVIA Holdings Inc.’s stockholders
= 100 × 1,091 ÷ 5,765 = 18.92%

2 Adjusted net income. See details »

3 Adjusted total stockholders’ equity. See details »

4 2022 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 619 ÷ 7,970 = 7.77%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. IQVIA Holdings Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net income attributable to IQVIA Holdings Inc. 1,091 966 279 191 259
Total assets 25,337 24,689 24,564 23,251 22,549
Profitability Ratio
ROA1 4.31% 3.91% 1.14% 0.82% 1.15%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 619 1,183 490 2 (174)
Adjusted total assets3 25,255 24,598 24,484 23,148 23,068
Profitability Ratio
Adjusted ROA4 2.45% 4.81% 2.00% 0.01% -0.75%

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).

1 2022 Calculation
ROA = 100 × Net income attributable to IQVIA Holdings Inc. ÷ Total assets
= 100 × 1,091 ÷ 25,337 = 4.31%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 619 ÷ 25,255 = 2.45%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. IQVIA Holdings Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.