ASGN Inc (ASGN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,776,700 | 1,892,100 | 1,901,300 | 1,865,400 | 1,587,100 |
| Debt-to-capital ratio | 0.37 | 0.35 | 0.36 | 0.36 | 0.39 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,033,500K ÷ ($1,033,500K + $1,776,700K)
= 0.37
The debt-to-capital ratio for ASGN Inc has shown a decreasing trend over the years, from 0.39 in December 31, 2020 to 0.37 in December 31, 2024. This indicates that the company has been effectively managing its debt levels relative to its capital structure. A lower debt-to-capital ratio suggests a lower financial risk for the company as it indicates a lower proportion of debt in its capital structure. ASGN Inc's decreasing trend in the debt-to-capital ratio is a positive indicator of its financial health and ability to meet obligations.
Peer comparison
Dec 31, 2024