ASGN Inc (ASGN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	973,300	981,100	1,309,400	994,400	791,500
Total current liabilities	US$ in thousands	394,100	441,900	450,900	416,200	340,900
Current ratio		2.47	2.22	2.90	2.39	2.32

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $973,300K ÷ $394,100K
= 2.47

ASGN Inc's current ratio has exhibited fluctuation over the past five years, ranging from a low of 2.22 in 2022 to a high of 2.90 in 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, suggesting that ASGN Inc has sufficient current assets to meet its short-term obligations.

The current ratio of 2.47 as of December 31, 2023, indicates an improvement from the prior year and remains above the industry average of 2. However, investors and creditors should continue to monitor this ratio to ensure that ASGN Inc can effectively manage its short-term financial obligations. Additionally, assessing trends in the company's current ratio over time can provide insights into its liquidity management and operational efficiency.