ASGN Inc (ASGN)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 205,200 175,900 70,300 529,600 274,400
Short-term investments US$ in thousands — — — — —
Receivables US$ in thousands 650,800 741,500 853,600 708,200 602,800
Total current liabilities US$ in thousands 367,100 394,100 441,900 450,900 416,200
Quick ratio 2.33 2.33 2.09 2.75 2.11

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($205,200K + $—K + $650,800K) ÷ $367,100K
= 2.33

Based on the data provided, ASGN Inc's quick ratio has shown a generally stable trend over the years. The quick ratio, which measures the company's ability to cover its short-term obligations with its most liquid assets, increased from 2.11 in December 2020 to 2.75 in December 2021, indicating an improvement in liquidity.

However, in December 2022, the quick ratio decreased to 2.09, suggesting a slight decline in the company's short-term liquidity position. This decrease was temporary, as the quick ratio rose back to 2.33 by the end of December 2023 and remained unchanged in December 2024.

Overall, ASGN Inc has maintained a healthy quick ratio above 1, indicating a strong ability to meet its short-term financial obligations using its quick assets. This stability in the quick ratio demonstrates the company's continued focus on financial health and liquidity management.