ASGN Inc (ASGN)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	791,500	747,100	697,100	691,400
Total current liabilities	US$ in thousands	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	340,900	353,400	326,500	313,700
Current ratio		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	2.32	2.11	2.14	2.20

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 fluctuations over the past eight quarters, ranging from a low of 2.22 in Q4 2022 to a high of 2.99 in Q1 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities. The current ratio for ASGN Inc has generally remained above 2, indicating that the company has predominantly been able to meet its short-term obligations with its current assets during the period under review. However, there have been some variations in the ratio, suggesting changes in the company's liquidity position over time. Further analysis, including comparison with industry benchmarks and trend analysis, would provide deeper insights into the liquidity and financial health of ASGN Inc.