IQVIA Holdings Inc (IQV) — Working Capital to Net Assets Ratio
IQVIA Holdings Inc (IQV) has a Working Capital to Net Assets ratio of -32.1% as of December 2025. Working capital of $-2.09 Billion (current assets of $6.25 Billion minus current liabilities of $8.34 Billion) is measured against net assets of $6.50 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See IQVIA Holdings Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
IQVIA Holdings Inc Working Capital to Net Assets (2011–2025)
This chart shows how IQVIA Holdings Inc's Working Capital to Net Assets ratio has evolved across 15 annual periods from 2011 to 2025. As of December 2025, the ratio stands at -32.1%, reflecting working capital of $-2.09 Billion against net assets of $6.50 Billion USD. See IQVIA Holdings Inc (IQV) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for IQVIA Holdings Inc (2011–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for IQVIA Holdings Inc from 2011 to 2025, covering 15 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see IQVIA Holdings Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -31.5% | $-2.09 Billion | $6.63 Billion | $6.25 Billion | $8.34 Billion | ▼ -12.9 pp |
| 2024 | -18.6% | $-1.13 Billion | $6.07 Billion | $5.83 Billion | $6.96 Billion | ▼ -3.9 pp |
| 2023 | -14.6% | $-895.00 Million | $6.11 Billion | $5.60 Billion | $6.49 Billion | ▼ -4.3 pp |
| 2022 | -10.4% | $-597.00 Million | $5.76 Billion | $4.98 Billion | $5.58 Billion | ▼ -2.4 pp |
| 2021 | -7.9% | $-478.00 Million | $6.04 Billion | $4.76 Billion | $5.24 Billion | ▼ -16.4 pp |
| 2020 | 8.5% | $532.00 Million | $6.28 Billion | $5.09 Billion | $4.56 Billion | ▲ +5.6 pp |
| 2019 | 2.9% | $181.00 Million | $6.26 Billion | $4.13 Billion | $3.94 Billion | ▼ -2.0 pp |
| 2018 | 4.9% | $340.00 Million | $6.95 Billion | $3.87 Billion | $3.53 Billion | ▼ -2.9 pp |
| 2017 | 7.8% | $650.00 Million | $8.36 Billion | $3.55 Billion | $2.90 Billion | ▲ +0.6 pp |
| 2016 | 7.1% | $632.00 Million | $8.86 Billion | $3.34 Billion | $2.71 Billion | ▲ +250.8 pp |
| 2015 | -243.6% | $817.81 Million | $-335.68 Million | $2.41 Billion | $1.59 Billion | ▼ -147.9 pp |
| 2014 | -95.8% | $674.18 Million | $-704.01 Million | $2.15 Billion | $1.47 Billion | ▼ -26.3 pp |
| 2013 | -69.4% | $463.44 Million | $-667.49 Million | $1.95 Billion | $1.48 Billion | ▼ -55.3 pp |
| 2012 | -14.1% | $192.03 Million | $-1.36 Billion | $1.51 Billion | $1.32 Billion | ▲ +3.7 pp |
| 2011 | -17.9% | $173.34 Million | $-969.60 Million | $1.37 Billion | $1.19 Billion | — |