ASGN Inc (ASGN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,776,700 | 1,774,400 | 1,807,900 | 1,861,400 | 1,892,100 | 1,908,700 | 1,926,600 | 1,923,500 | 1,901,300 | 1,889,100 | 1,856,100 | 1,869,200 | 1,865,400 | 1,834,400 | 1,719,800 | 1,645,800 | 1,587,100 | 1,524,200 | 1,457,100 | 1,399,500 |
| Debt-to-capital ratio | 0.37 | 0.00 | 0.00 | 0.00 | 0.35 | 0.34 | 0.00 | 0.00 | 0.36 | 0.35 | 0.35 | 0.35 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.00 | 0.41 | 0.43 |
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 of ASGN Inc has shown a downward trend from 0.43 as of March 31, 2020, to 0.37 as of December 31, 2024. This ratio indicates the proportion of the company's capital that is financed by debt. A decrease in the debt-to-capital ratio over time generally signifies a lower reliance on debt financing, which can be positive as it indicates improved financial stability and lower risk of financial distress. However, the ratio fluctuated during the period, reaching a low of 0.00 in some quarters, suggesting periods of significant changes in the company's debt and capital structure. It's important to further investigate the reasons behind these fluctuations to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024