ASGN Inc (ASGN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.30 | 0.00 | 0.00 | 0.00 | 0.29 | 0.28 | 0.00 | 0.00 | 0.30 | 0.28 | 0.28 | 0.29 | 0.30 | 0.30 | 0.29 | 0.30 | 0.32 | 0.00 | 0.34 | 0.35 |
| Debt-to-capital ratio | 0.37 | 0.00 | 0.00 | 0.00 | 0.35 | 0.34 | 0.00 | 0.00 | 0.36 | 0.35 | 0.35 | 0.35 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.00 | 0.41 | 0.43 |
| Debt-to-equity ratio | 0.58 | 0.00 | 0.00 | 0.00 | 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 |
| 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 |
ASGN Inc's solvency ratios, which indicate the company's ability to meet its long-term obligations, show a positive trend over the analyzed period.
The Debt-to-assets ratio decreased steadily from 0.35 in March 2020 to 0.28 in June 2024, signaling a reduced reliance on debt to finance its assets. This indicates improved financial stability and reduced risk associated with asset financing.
Similarly, the Debt-to-capital ratio decreased from 0.43 in March 2020 to 0.37 in December 2024, reflecting a declining dependence on borrowed capital to fund its operations. This reduction suggests a stronger financial position and lower financial risk for the company.
The Debt-to-equity ratio also exhibited a downward trend, decreasing from 0.76 in March 2020 to 0.58 in December 2024. This decline indicates a decreasing reliance on debt relative to equity, which is a positive sign of financial health and lower leverage.
The Financial leverage ratio decreased consistently from 2.16 in March 2020 to 1.93 in December 2024, indicating a decreasing level of financial leverage and lower risk stemming from debt financing. This trend suggests better financial stability and a stronger ability to cover debt obligations.
Overall, the improving solvency ratios of ASGN Inc over the analyzed period indicate a strengthening financial position, reduced reliance on debt, and enhanced ability to meet long-term financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.73 | 4.74 | 4.86 | 5.11 | 5.48 | 5.79 | 6.64 | 7.60 | 8.95 | 10.67 | 14.90 | 14.77 | 14.11 | 13.20 | 8.82 | 8.21 | 7.69 | 6.65 | 6.41 | 5.83 |
ASGN Inc's interest coverage ratio has shown a generally improving trend over the past few years, indicating the company's ability to cover its interest obligations with its operating income. The interest coverage ratio has increased from 5.83 as of March 31, 2020, to a peak of 14.90 as of June 30, 2022. This upward trend suggests that the company's earnings have been sufficient to comfortably cover its interest expenses.
However, starting from September 30, 2022, the interest coverage ratio began to decline, reaching 4.73 as of December 31, 2024. This decline could indicate a potential risk as the company's ability to cover its interest payments may have weakened.
It is essential for investors and creditors to monitor ASGN Inc's interest coverage ratio closely to ensure that the company remains financially healthy and capable of meeting its debt obligations. A decreasing trend in the interest coverage ratio may signal deteriorating financial health and increased risk for stakeholders.