ASGN Inc (ASGN)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 917,700 973,300 981,100 1,309,400 994,400
Total current liabilities US$ in thousands 367,100 394,100 441,900 450,900 416,200
Current ratio 2.50 2.47 2.22 2.90 2.39

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $917,700K ÷ $367,100K
= 2.50

Based on the provided data, ASGN Inc's current ratio has shown a consistent fluctuation over the past five years. Starting at 2.39 in December 31, 2020, the ratio improved to 2.90 by December 31, 2021, indicating the company had increased current assets relative to current liabilities. However, by December 31, 2022, the current ratio decreased to 2.22, suggesting a potential decline in liquidity. The ratio recovered slightly to 2.47 by December 31, 2023, and further increased to 2.50 by December 31, 2024. Overall, ASGN Inc maintained a current ratio above 2 throughout the period, indicating the company had a strong ability to cover its short-term obligations with its current assets.