ASGN (ASGN) Debt-to-Equity

: 0.58 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

ASGN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20 Mil. ASGN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,086 Mil. ASGN's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,892 Mil. ASGN's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ASGN's Debt-to-Equity or its related term are showing as below:

ASGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.68 Max: 0.96
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of ASGN was 0.96. The lowest was 0.58. And the median was 0.68.

ASGN's Debt-to-Equity is ranked worse than
74.38% of 2221 companies
in the Software industry
Industry Median: 0.21 vs ASGN: 0.58

ASGN Debt-to-Equity Historical Data

The historical data trend for ASGN's Debt-to-Equity 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

Debt-to-Equity

Get a 7-Day Free Trial

0.82

0.70

0.59

0.58

ASGN Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.57	0.57	0.58	0.58

Competitive Comparison

For the Information Technology Services subindustry, ASGN's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Software industry and Technology sector, ASGN's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ASGN's Debt-to-Equity falls into.

ASGN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASGN's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.5	+	1085.7)	/	1892.1
	=	0.58

ASGN's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.5	+	1085.7)	/	1892.1
	=	0.58

ASGN (NYSE:ASGN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ASGN Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ASGN's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ASGN (ASGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ASGN Inc (NYSE:ASGN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Cox Road, Suite 110, Glen Allen, VA, USA, 23060

Website

https://www.asgn.com

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