ASGN Inc (ASGN)

Current ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Total current assets US$ in thousands 917,700 907,300 913,900 933,400 973,300 993,900 972,300 926,800 981,100 1,120,000 1,366,300 1,312,400 1,309,400 1,422,200 1,371,600 1,074,200 994,400 934,700 854,600 789,700
Total current liabilities US$ in thousands 367,100 403,600 390,100 371,700 394,100 443,200 416,600 385,900 441,900 492,300 492,400 439,100 450,900 591,000 498,400 428,900 416,200 389,400 357,300 361,200
Current ratio 2.50 2.25 2.34 2.51 2.47 2.24 2.33 2.40 2.22 2.28 2.77 2.99 2.90 2.41 2.75 2.50 2.39 2.40 2.39 2.19

December 31, 2024 calculation

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

The current ratio of ASGN Inc has shown general stability and improvement over the years, fluctuating between 2.19 to 2.99. An upward trend is evident from March 31, 2021, to June 30, 2022, where the ratio increased steadily from 2.50 to 2.77. However, there was a slight decrease in the current ratio in the subsequent quarters, with a notable dip to 2.22 on December 31, 2022.

Overall, the company's current ratio indicates a healthy liquidity position, consistently maintaining a ratio above 2.0, which suggests ASGN Inc has sufficient current assets to cover its short-term obligations. The current ratio exceeding 2.0 signifies that the company can meet its current liabilities comfortably and may have excess working capital for investments or expansion opportunities. Further monitoring of the current ratio is advised to assess any significant changes in the company's liquidity position.