ASGN Inc (ASGN)

ASGN Inc's solvency ratios over the past five years indicate a positive trend towards improving solvency and lower financial risk. The debt-to-assets ratio has decreased consistently from 0.35 in 2019 to 0.29 in 2023, indicating the company is relying less on debt to finance its assets.

Similarly, the debt-to-capital ratio and debt-to-equity ratio have shown a declining pattern over the years, signaling that the company has been reducing its reliance on debt for capital structure. The debt-to-capital ratio decreased from 0.43 in 2019 to 0.35 in 2023, while the debt-to-equity ratio decreased from 0.75 in 2019 to 0.55 in 2023.

Furthermore, the financial leverage ratio has also demonstrated improvement, decreasing from 2.14 in 2019 to 1.87 in 2023. This indicates that ASGN Inc is effectively managing its debt levels in relation to its equity, resulting in a lower level of financial risk and improved solvency position.

Overall, the decreasing trend in these solvency ratios suggests that ASGN Inc has been successful in enhancing its financial stability and reducing its dependence on debt to support its operations.

---

Coverage ratios

The interest coverage ratio for ASGN Inc has shown some fluctuations over the past five years. In 2023, the interest coverage ratio was 5.48, indicating that the company generated operating income 5.48 times greater than its interest expenses for the year. This represents a decrease from the prior year's ratio of 8.92 in 2022. Despite the slight decline, the company's interest coverage ratio remains at a relatively healthy level, suggesting that ASGN Inc has sufficient earnings to comfortably cover its interest obligations. Over the five-year period, the company's interest coverage ratio has ranged from 5.83 to 9.36, showing some variability but overall maintaining a sound financial position in terms of meeting its interest payment obligations.