ASGN Inc (ASGN)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	1,036,600	1,000,000	—	—	1,066,600	1,000,000	1,000,000	1,000,000	1,033,900	1,100,000	1,000,000	1,000,000	1,033,400	—	1,032,900	1,065,500	1,032,300	985,200	1,026,000	1,107,700
Total assets	US$ in thousands	3,544,600	3,578,900	3,561,300	3,525,300	3,585,700	3,611,200	3,524,500	3,491,200	3,502,800	3,626,500	3,458,800	3,334,500	3,278,000	3,211,600	3,065,500	3,017,500	2,941,400	2,831,600	2,799,000	2,814,600
Debt-to-assets ratio		0.29	0.28	0.00	0.00	0.30	0.28	0.28	0.29	0.30	0.30	0.29	0.30	0.32	0.00	0.34	0.35	0.35	0.35	0.37	0.39

December 31, 2023 calculation

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

ASGN Inc has maintained a relatively stable debt-to-assets ratio in the range of 0.29 to 0.30 over the past eight quarters. This indicates that, on average, approximately 29-30% of the company's total assets have been financed through debt during these periods. The consistency of the ratio suggests that ASGN Inc has been effectively managing its debt levels in relation to its total assets. A steady debt-to-assets ratio may indicate a balanced capital structure and a lower financial risk for the company, as it suggests a prudent approach to leveraging. Further analysis of other financial ratios and qualitative factors would be necessary to gain a comprehensive understanding of ASGN Inc's overall financial health and performance.