ASGN Inc (ASGN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,036,600	1,066,600	1,033,900	1,033,400	1,032,300
Total assets	US$ in thousands	3,544,600	3,585,700	3,502,800	3,278,000	2,941,400
Debt-to-assets ratio		0.29	0.30	0.30	0.32	0.35

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,036,600K ÷ $3,544,600K
= 0.29

The debt-to-assets ratio of ASGN Inc has shown a slight decrease over the past five years, indicating the company's ability to maintain a lower level of debt relative to its total assets. In 2023, the ratio stands at 0.29, a marginal improvement compared to the ratio of 0.30 in both 2022 and 2021. This suggests that the company has been effectively managing its debt levels in relation to its assets. The trend of decreasing debt-to-assets ratio from 2020 (0.32) to 2019 (0.35) indicates a positive shift towards a healthier financial position. Overall, the decreasing trend in the debt-to-assets ratio for ASGN Inc reflects a prudent approach in managing its debt obligations relative to its asset base.