ASGN Inc (ASGN)

Debt-to-equity 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-equity ratio		0.55	0.56	0.55	0.65	0.75

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,036,600K ÷ $1,892,100K
= 0.55

ASGN Inc's debt-to-equity ratio has been relatively stable over the past five years, ranging from 0.55 to 0.75. A decreasing trend in this ratio indicates that the company has been relying less on debt financing compared to equity financing. This could suggest a lower level of financial risk, as the company is using less debt to fund its operations and investments.

The decreasing trend in the debt-to-equity ratio from 0.75 in 2019 to 0.55 in 2023 indicates that ASGN Inc has been gradually reducing its debt levels in relation to its equity over the years. This improvement could be a positive sign to investors and creditors, as a lower debt-to-equity ratio generally indicates a healthier financial position and lower leverage. It may also reflect better financial management practices and a more sustainable capital structure.

Overall, the consistent performance and slight decrease in the debt-to-equity ratio over the past five years suggest that ASGN Inc has maintained a balanced approach to its capital structure, managing its debt levels effectively while utilizing equity financing when needed. This could contribute to the company's overall financial stability and resilience.