FirstService Balance Sheet Health
Financial Health criteria checks 4/6
FirstService has a total shareholder equity of $1.6B and total debt of $1.3B, which brings its debt-to-equity ratio to 79.3%. Its total assets and total liabilities are $4.2B and $2.6B respectively. FirstService's EBIT is $323.1M making its interest coverage ratio 3.9. It has cash and short-term investments of $227.6M.
Key information
79.3%
Debt to equity ratio
US$1.30b
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$227.60m |
| Equity | US$1.64b |
| Total liabilities | US$2.56b |
| Total assets | US$4.19b |
Recent financial health updates
FirstService (TSE:FSV) Has A Pretty Healthy Balance Sheet
Nov 18
FirstService (TSE:FSV) Seems To Use Debt Quite Sensibly
Jun 20Recent updates
Does This Valuation Of FirstService Corporation (TSE:FSV) Imply Investors Are Overpaying?
Jan 27Is There Now An Opportunity In FirstService Corporation (TSE:FSV)?
Jan 14What You Can Learn From FirstService Corporation's (TSE:FSV) P/E
Dec 16FirstService (TSE:FSV) Has A Pretty Healthy Balance Sheet
Nov 18Why FirstService Corporation (TSE:FSV) Could Be Worth Watching
Sep 09FirstService Corporation (TSE:FSV) Might Not Be As Mispriced As It Looks
Aug 19Is FirstService Corporation (TSE:FSV) Worth CA$236 Based On Its Intrinsic Value?
Aug 03FirstService (TSE:FSV) Seems To Use Debt Quite Sensibly
Jun 20At CA$198, Is It Time To Put FirstService Corporation (TSE:FSV) On Your Watch List?
May 23FirstService Corporation Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next
Apr 26Getting In Cheap On FirstService Corporation (TSE:FSV) Might Be Difficult
Apr 24FirstService Corporation's (TSE:FSV) Intrinsic Value Is Potentially 24% Below Its Share Price
Apr 11Shareholders Will Probably Hold Off On Increasing FirstService Corporation's (TSE:FSV) CEO Compensation For The Time Being
Mar 28Financial Position Analysis
Short Term Liabilities: FSV's short term assets ($1.6B) exceed its short term liabilities ($850.8M).
Long Term Liabilities: FSV's short term assets ($1.6B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: FSV's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: FSV's debt to equity ratio has reduced from 127.7% to 79.3% over the past 5 years.
Debt Coverage: FSV's debt is well covered by operating cash flow (22%).
Interest Coverage: FSV's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 18:54 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FirstService Corporation is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| Stephen MacLeod | BMO Capital Markets Equity Research |
| Scott Fletcher | CIBC Capital Markets |