ASGN Inc (ASGN)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 1,033,500 1,036,600 1,066,600 1,033,900 1,033,400
Total assets US$ in thousands 3,429,000 3,544,600 3,585,700 3,502,800 3,278,000
Debt-to-assets ratio 0.30 0.29 0.30 0.30 0.32

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,033,500K ÷ $3,429,000K
= 0.30

The debt-to-assets ratio of ASGN Inc has demonstrated consistency and improvement over the past five years, decreasing steadily from 0.32 in December 2020 to 0.30 in December 2021, maintaining the same level through December 2022, declining slightly to 0.29 by December 2023, and then returning to 0.30 by December 2024.

This trend suggests that ASGN Inc has been managing its debt levels effectively in relation to its total assets. A decreasing debt-to-assets ratio indicates a lower reliance on debt financing, which can lower financial risk and improve the company's financial stability. The company's ability to maintain a relatively stable and low debt-to-assets ratio over the years is a positive sign of its prudent financial management and potentially favorable position to weather economic fluctuations.