ASGN Inc (ASGN)

Financial leverage 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
Total assets	US$ in thousands	3,429,000	3,431,700	3,450,800	3,488,800	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
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
Financial leverage ratio		1.93	1.93	1.91	1.87	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

December 31, 2024 calculation

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

The financial leverage ratio of ASGN Inc shows a declining trend over the period from March 31, 2020 to December 31, 2024. The ratio decreased from 2.16 to 1.93 during this period, indicating that the company has been reducing its reliance on debt to finance its operations and investments.

A financial leverage ratio of 2.16 in March 2020 means that the company's total assets were financed 2.16 times by its total debt. As the ratio declined to 1.93 by December 2024, it suggests a more conservative approach in managing the company's capital structure and financial risk.

The decreasing trend in the financial leverage ratio implies that ASGN Inc may be becoming less leveraged and potentially more financially stable. Lower leverage ratios are generally viewed positively by investors and creditors as they indicate lower financial risk and greater ability to weather economic downturns.

Overall, the declining financial leverage ratio of ASGN Inc over the period reflects a prudent approach to managing the company's capital structure and ensuring long-term financial health.