ASGN Inc (ASGN)

Quick 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
Cash US$ in thousands 205,200 166,600 132,200 158,400 175,900 145,600 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
Short-term investments US$ in thousands -105,000 -30,800 — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 650,800 686,400 721,400 725,300 741,500 804,600 828,900 822,800 853,600 877,900 843,200 775,800 708,200 697,700 624,700 646,900 602,800 676,500 612,100 683,000
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
Quick ratio 2.05 2.04 2.19 2.38 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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($205,200K + $-105,000K + $650,800K) ÷ $367,100K
= 2.05

The quick ratio of ASGN Inc has exhibited a generally stable trend over the periods indicated in the data provided. The quick ratio, which measures the company's ability to meet its short-term obligations using its most liquid assets, ranged from 2.01 to 2.91 during the specified time frame.

Overall, the quick ratio remained above 2 throughout the period, indicating that ASGN Inc maintains a healthy level of liquidity to cover its short-term liabilities. The highest quick ratio was observed on March 31, 2022, at 2.91, while the lowest was on June 30, 2021, at 2.01.

The consistent levels above 2 suggest that ASGN Inc has a strong ability to pay off its current liabilities without relying heavily on its inventory. However, it is important to consider other financial metrics and factors alongside the quick ratio to get a comprehensive understanding of the company's financial health and liquidity position.