ASGN Inc (ASGN)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 1,033,500 — — — 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
Total assets US$ in thousands 3,429,000 3,431,700 3,450,800 3,488,800 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
Debt-to-assets ratio 0.30 0.00 0.00 0.00 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

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 for ASGN Inc has shown varying trends over the past few years, ranging from 0.00 to 0.35. From March 31, 2020, to December 31, 2022, the ratio consistently decreased from 0.35 to 0.28, indicating a reduction in the proportion of debt in relation to total assets. Subsequently, the ratio remained relatively stable around 0.28 to 0.30 through December 31, 2024, with occasional dips to 0.00.

Overall, the decreasing trend in the debt-to-assets ratio suggests that ASGN Inc has been effectively managing its debt levels in relation to its asset base. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's financial leverage and risk exposure.