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 80.3%. Its total assets and total liabilities are $4.1B and $2.5B respectively. FirstService's EBIT is $303.3M making its interest coverage ratio 4.1. It has cash and short-term investments of $217.7M.
Key information
80.3%
Debt to equity ratio
US$1.26b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$217.68m |
| Equity | US$1.58b |
| Total liabilities | US$2.54b |
| Total assets | US$4.12b |
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 20FirstService (TSE:FSV) Has A Pretty Healthy Balance Sheet
Jan 22Is FirstService (TSE:FSV) Using Too Much Debt?
Sep 28FirstService (TSE:FSV) Seems To Use Debt Quite Sensibly
Jun 08Here's Why FirstService (TSE:FSV) Can Manage Its Debt Responsibly
Mar 02Recent updates
FirstService (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 28Is Now The Time To Look At Buying FirstService Corporation (TSE:FSV)?
Feb 03FirstService (TSE:FSV) Has A Pretty Healthy Balance Sheet
Jan 22Here's Why We Think FirstService (TSE:FSV) Might Deserve Your Attention Today
Jan 10Subdued Growth No Barrier To FirstService Corporation's (TSE:FSV) Price
Dec 28Calculating The Fair Value Of FirstService Corporation (TSE:FSV)
Dec 04Is There Now An Opportunity In FirstService Corporation (TSE:FSV)?
Oct 22Is FirstService (TSE:FSV) Using Too Much Debt?
Sep 28FirstService Corporation's (TSE:FSV) Intrinsic Value Is Potentially 50% Above Its Share Price
Aug 30Does FirstService (TSE:FSV) Deserve A Spot On Your Watchlist?
Aug 05Is It Time To Consider Buying FirstService Corporation (TSE:FSV)?
Jul 22FirstService (TSE:FSV) Seems To Use Debt Quite Sensibly
Jun 08What Does FirstService Corporation's (TSE:FSV) Share Price Indicate?
Apr 14Here's Why FirstService (TSE:FSV) Can Manage Its Debt Responsibly
Mar 02When Should You Buy FirstService Corporation (TSE:FSV)?
Jan 11Are FirstService Corporation (TSE:FSV) Investors Paying Above The Intrinsic Value?
Dec 08We Think FirstService (TSE:FSV) Can Stay On Top Of Its Debt
Nov 24Financial Position Analysis
Short Term Liabilities: FSV's short term assets ($1.5B) exceed its short term liabilities ($840.9M).
Long Term Liabilities: FSV's short term assets ($1.5B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: FSV's net debt to equity ratio (66.5%) is considered high.
Reducing Debt: FSV's debt to equity ratio has reduced from 242.9% to 80.3% over the past 5 years.
Debt Coverage: FSV's debt is well covered by operating cash flow (24.5%).
Interest Coverage: FSV's interest payments on its debt are well covered by EBIT (4.1x coverage).