ASGN Inc (ASGN)

Quick 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
Cash	US$ in thousands	175,900	145,600	93,800	65,000	70,300	211,200	490,600	502,400	529,600	679,400	375,400	386,500	274,400	229,700	207,900	64,000	95,200	67,500	40,100	35,600
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	741,500	804,600	828,900	822,800	853,600	877,900	843,200	775,800	708,200	697,700	624,700	646,900	602,800	676,500	612,100	683,000	648,700	650,500	621,500	618,700
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
Quick ratio		2.33	2.14	2.21	2.30	2.09	2.21	2.71	2.91	2.75	2.33	2.01	2.41	2.11	2.33	2.29	2.07	2.18	2.03	2.03	2.09

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($175,900K + $—K + $741,500K) ÷ $394,100K
= 2.33

The quick ratio of ASGN Inc has fluctuated over the past eight quarters. The company's quick ratio has ranged from a low of 2.22 in Q4 2022 to a high of 2.99 in Q1 2022. Overall, the quick ratio has generally remained above 2 in recent quarters, indicating that ASGN Inc has a healthy level of liquidity to cover its short-term obligations. The decreasing trend from Q1 2022 to Q4 2022 is worth noting, but the quick ratio has shown some improvement in the most recent quarters. This suggests that ASGN Inc has been able to maintain a strong ability to meet its short-term liabilities with its quick assets.