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.
Peer comparison
Dec 31, 2024