ASGN Inc (ASGN)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	3,429,000	3,544,600	3,585,700	3,502,800	3,278,000
Total stockholders’ equity	US$ in thousands	1,776,700	1,892,100	1,901,300	1,865,400	1,587,100
Financial leverage ratio		1.93	1.87	1.89	1.88	2.07

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,429,000K ÷ $1,776,700K
= 1.93

ASGN Inc's financial leverage ratio shows a relatively stable trend over the years. The ratio decreased from 2.07 in December 2020 to 1.88 in December 2021, indicating a reduction in the company's reliance on debt to finance its operations. Subsequently, the ratio stayed consistently around 1.89 to 1.93 from 2022 to 2024, suggesting a moderate level of financial leverage maintained by the company. Overall, ASGN Inc's financial leverage ratio demonstrates a prudent approach to managing debt levels, potentially minimizing financial risk while maintaining operational efficiency.