ASGN Inc (ASGN)

Debt-to-equity 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-equity ratio		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	0.75	0.74	0.80	0.90

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 eight quarters, ranging from 0.54 to 0.57. This indicates that the company has been maintaining a moderate level of leverage compared to its equity. A debt-to-equity ratio of around 0.55 to 0.56 suggests that ASGN Inc relies more on equity financing rather than debt to fund its operations and growth.

The consistent ratio over the quarters signifies that the company's capital structure has remained balanced, with a manageable level of debt in relation to its equity. Investors and creditors may view this stability positively, as it indicates prudent financial management and a lower level of financial risk. Overall, ASGN Inc's debt-to-equity ratio trend does not show any alarming signs and suggests a healthy financial position.