IQVIA Holdings (LTS:0JDM) Long-Term Capital Lease Obligation : $204 Mil (As of Mar. 2024)

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What is IQVIA Holdings Long-Term Capital Lease Obligation?

IQVIA Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $204 Mil.

IQVIA Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($217 Mil) to Dec. 2023 ($223 Mil) but then declined from Dec. 2023 ($223 Mil) to Mar. 2024 ($204 Mil).

IQVIA Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($313 Mil) to Dec. 2022 ($264 Mil) and declined from Dec. 2022 ($264 Mil) to Dec. 2023 ($223 Mil).

IQVIA Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for IQVIA Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IQVIA Holdings Long-Term Capital Lease Obligation Chart

IQVIA Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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396.00

371.00

313.00

264.00

223.00

IQVIA Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															255.00	242.00	217.00	223.00	204.00

IQVIA Holdings (LTS:0JDM) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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IQVIA Holdings (LTS:0JDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » IQVIA Holdings Inc (LTS:0JDM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IQV:USA IQV:Mexico QTS:Germany I1QV34:Brazil

Address

2400 Ellis Road, Durham, NC, USA, 27703

Website

https://www.iqvia.com

IQVIA is the result of the 2016 merger of Quintiles, a leading global contract research organization, and IMS Health, a leading healthcare data and analytics provider. The Research & Development segment focuses primarily on providing outsourced late-stage clinical trials for pharmaceutical, device, and diagnostic firms. The technology and analytics segment provides aggregated information and technology services to clients in the healthcare industry, including pharmaceutical companies, providers, payers, and policymakers, as well as data and analytics capabilities for clinical trials, including virtual trials. The company also has a small contract sales business.

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