ASGN Inc (ASGN)

Debt-to-equity 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-equity ratio 0.58 0.55 0.56 0.55 0.65

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,033,500K ÷ $1,776,700K
= 0.58

The debt-to-equity ratio of ASGN Inc has been on a decreasing trend over the years, indicating a relatively lower level of debt compared to equity in its capital structure. As of December 31, 2020, the ratio was 0.65, suggesting that for every dollar of equity, the company had $0.65 of debt. Subsequently, the ratio decreased to 0.55 by the end of 2021, and remained relatively stable around this level for the following years, with ratios of 0.56 in 2022, 0.55 in 2023, and 0.58 in 2024.

This trend indicates that ASGN Inc has been managing its debt levels effectively, potentially reducing financial risk and improving its financial stability. The decreasing ratio suggests that the company is relying less on debt financing and has been strengthening its equity position over time. A lower debt-to-equity ratio is often viewed positively by investors as it signifies a lower risk of financial distress and indicates a healthier balance between debt and equity in the company's capital structure.