ASGN Inc (ASGN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	1,376,200	1,331,500	1,283,700	1,227,300
Debt-to-capital ratio		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	0.43	0.43	0.44	0.47

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

ASGN Inc's debt-to-capital ratio has remained stable at 0.35 consistently throughout the four quarters of 2023. This indicates that the company's level of debt relative to its total capital has remained relatively constant over this period. Furthermore, the consistency of the ratio suggests that ASGN Inc has been able to maintain a balanced capital structure without significantly increasing its debt levels. However, it is important to note that the ratio has slightly decreased from 0.36 in the previous year, indicating a slight improvement in the company's debt management. Overall, a debt-to-capital ratio of 0.35 suggests that ASGN Inc utilizes a moderate level of debt financing compared to its total capital, which may indicate a manageable level of financial risk.