ASGN Inc (ASGN)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.30 | 0.29 | 0.30 | 0.30 | 0.32 |
| Debt-to-capital ratio | 0.37 | 0.35 | 0.36 | 0.36 | 0.39 |
| Debt-to-equity ratio | 0.58 | 0.55 | 0.56 | 0.55 | 0.65 |
| Financial leverage ratio | 1.93 | 1.87 | 1.89 | 1.88 | 2.07 |
ASGN Inc's solvency ratios show a positive trend over the years, indicating improved financial strength and stability.
The Debt-to-assets ratio has decreased from 0.32 in 2020 to 0.30 in 2024, suggesting that the company has been successful in reducing its reliance on debt to finance its assets.
Similarly, the Debt-to-capital ratio has declined from 0.39 in 2020 to 0.37 in 2024, signaling a more conservative capital structure where a smaller proportion of the company's capital is sourced from debt.
The Debt-to-equity ratio shows a fluctuation but overall improvement, decreasing from 0.65 in 2020 to 0.58 in 2024. This indicates that ASGN Inc's reliance on equity financing relative to debt has strengthened over the years.
The Financial leverage ratio has also decreased from 2.07 in 2020 to 1.93 in 2024, reflecting a reduction in the company's financial risk and leverage.
Overall, the decreasing trend in these solvency ratios suggests that ASGN Inc has been managing its debt and financial obligations effectively, enhancing its solvency and reducing financial risk.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 4.73 | 5.48 | 8.95 | 14.11 | 7.65 |
Based on the provided data, the interest coverage ratio for ASGN Inc has exhibited some fluctuations over the years.
In December 31, 2020, the interest coverage ratio was 7.65, indicating the company's ability to cover its interest expenses 7.65 times over. This may suggest a moderate level of financial risk.
By December 31, 2021, the interest coverage ratio improved significantly to 14.11, reflecting a stronger ability to meet its interest obligations comfortably.
However, in the subsequent years, the interest coverage ratio experienced a decline. By December 31, 2022, it stood at 8.95, still indicating a reasonable ability to cover interest costs adequately.
By December 31, 2023, the interest coverage ratio dropped further to 5.48, potentially signaling a decreased ability to service its interest payments.
The trend continued into December 31, 2024, where the interest coverage ratio decreased to 4.73, potentially indicating a higher level of financial risk and a reduced capacity to handle interest expenses.
Overall, the company's interest coverage has shown variability, with improvements in some years and deteriorations in others. It would be essential for stakeholders to monitor this ratio closely, as a declining trend may indicate financial sustainability challenges for ASGN Inc.