ASGN Inc (ASGN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,892,100	1,901,300	1,865,400	1,587,100	1,376,200
Debt-to-capital ratio		0.35	0.36	0.36	0.39	0.43

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,036,600K ÷ ($1,036,600K + $1,892,100K)
= 0.35

The debt-to-capital ratio of ASGN Inc has shown a decreasing trend over the past five years, indicating a lower reliance on debt financing relative to total capital. The ratio decreased from 0.43 in 2019 to 0.35 in 2023. This suggests that the company has been reducing its proportion of debt in its capital structure and potentially strengthening its financial position by relying more on equity financing. A lower debt-to-capital ratio generally signifies lower financial risk and greater stability for the company.