ASGN Inc (ASGN)

Debt-to-equity 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-equity ratio 0.58 0.00 0.00 0.00 0.55 0.52 0.00 0.00 0.56 0.53 0.54 0.53 0.55 0.60 0.58 0.61 0.65 0.00 0.71 0.76

December 31, 2024 calculation

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

ASGN Inc's debt-to-equity ratio has shown a general trend of decrease from March 2020 to December 2024, indicating a reduction in the company's reliance on debt financing relative to equity. The ratio started at 0.76 in March 2020, decreased to 0.53 by September 2022, and fluctuated around 0.50 to 0.60 thereafter. The periods with a ratio of 0.00 may suggest instances where the company had no debt or very minimal debt compared to equity.

Overall, the declining trend in the debt-to-equity ratio signifies a potentially stronger financial position and lower financial risk for ASGN Inc, as the company seems to be managing its debt levels effectively while increasing equity in its capital structure. It is important to note that the interpretation of the ratio should be considered alongside other financial metrics to gain a comprehensive understanding of the company's financial health and leverage position.