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ASGN (ASGN) Effective Interest Rate on Debt %

: 6.05% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. ASGN's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $67 Mil. ASGN's average total debt for the quarter that ended in Dec. 2023 was $1,103 Mil. Therefore, ASGN's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.05%.


ASGN Effective Interest Rate on Debt % Historical Data

The historical data trend for ASGN's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ASGN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.74 3.53 3.39 4.14 5.96

ASGN Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.09 5.56 5.78 6.74 6.05

Competitive Comparison

For the Information Technology Services subindustry, ASGN's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASGN Effective Interest Rate on Debt % Distribution

For the Software industry and Technology sector, ASGN's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ASGN's Effective Interest Rate on Debt % falls into.



ASGN Effective Interest Rate on Debt % Calculation

ASGN's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -66.4/( (1121.8+1105.2)/ 2 )
=-1  *  -66.4/1113.5
=5.96 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1098.9 + 22.9
=1121.8

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1085.7 + 19.5
=1105.2

ASGN's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -66.8/( (1101.5+1105.2)/ 2 )
=-1  *  -66.8/1103.35
=6.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1081 + 20.5
=1101.5

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1085.7 + 19.5
=1105.2

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


ASGN  (NYSE:ASGN) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


ASGN Effective Interest Rate on Debt % Related Terms

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ASGN (ASGN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ASGN Inc (NYSE:ASGN) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
4400 Cox Road, Suite 110, Glen Allen, VA, USA, 23060
ASGN Inc is a provider of information technology (IT) services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. It operates through two segments, Commercial and Federal Government. The Commercial Segment, which is their largest segment, provides consulting, creative digital marketing, and permanent placement services to Fortune 1000 clients and mid-market companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, intelligence agencies, and civilian agencies.
Executives
Jonathan S Holman director C/O ASGN INCORPORATED, 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Theodore S. Hanson officer: EVP, ASGN 4400 COX ROAD, SUITE 110, GLEN ALLEN VA 23060
Randolph C Blazer officer: Pres, Apex-a sub of the Issuer C/O ASGN INCORPORATED, 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Jennifer Hankes Painter officer: VP, General Counsel, Secretary C/O ASGN INCORPORATED, 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Rose Cunningham officer: Chief Accounting Officer 4400 COX ROAD, SUITE 110, GLEN ALLEN VA 23060
Arshad Matin director 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Marie Perry officer: Exec VP, CFO 26745 MALIBU HILLS RD, CALABASAS CA 91301
Mark A. Frantz other: Board Adviser 1300 CALDER ROAD, MCLEAN VA 22101
Edward L Pierce officer: Exec VP, CFO 1439 WINDY MOUNTAIN AVE., WESTLAKE VILLAGE CA 91362
Edwin A. Sheridan director ON ASSIGNMENT, INC., 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Marty R Kittrell director C/O ON ASSIGNMENT, INC., 26745 MALIBU HILLS RD., CALABASAS CA 91301
Mariel A Joliet director C/O ON ASSIGNMENT, 26745 MALIBU HILLS ROAD, CALABASAS CA 91301
Maria R Hawthorne director 701 WESTERN AVENUE, GLENDALE CA 91201
Carol Lindstrom director 5994 SILVERADO TRAIL, NAPA CA 94558
Jeremy M Jones director 2532 DUPONT AVENUE, IRVINE CA 92612