ASGN Inc (ASGN)

Financial leverage 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
Total assets	US$ in thousands	3,544,600	3,578,900	3,561,300	3,525,300	3,585,700	3,611,200	3,524,500	3,491,200	3,502,800	3,626,500	3,458,800	3,334,500	3,278,000	3,211,600	3,065,500	3,017,500	2,941,400	2,831,600	2,799,000	2,814,600
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
Financial leverage ratio		1.87	1.88	1.85	1.83	1.89	1.91	1.90	1.87	1.88	1.98	2.01	2.03	2.07	2.11	2.10	2.16	2.14	2.13	2.18	2.29

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,544,600K ÷ $1,892,100K
= 1.87

The financial leverage ratio of ASGN Inc has been relatively stable over the past eight quarters, ranging from 1.83 to 1.91. A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing. ASGN Inc's ratios suggest that the company has been moderately leveraged during this period, with the highest leverage recorded in Q3 2022 and the lowest in Q1 2023. This consistent level of leverage could indicate a deliberate and sustainable capital structure strategy by the company. However, it is important for investors and stakeholders to monitor changes in the financial leverage ratio over time to assess the company's risk profile and financial health.