FirstService Balance Sheet Health
Financial Health criteria checks 4/6
FirstService has a total shareholder equity of $1.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 89.3%. Its total assets and total liabilities are $3.6B and $2.3B respectively. FirstService's EBIT is $263.0M making its interest coverage ratio 4.7. It has cash and short-term investments of $164.8M.
Key information
89.3%
Debt to equity ratio
US$1.24b
Debt
Interest coverage ratio | 4.7x |
Cash | US$164.85m |
Equity | US$1.39b |
Total liabilities | US$2.26b |
Total assets | US$3.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1GIA's short term assets ($1.3B) exceed its short term liabilities ($728.4M).
Long Term Liabilities: 1GIA's short term assets ($1.3B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: 1GIA's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: 1GIA's debt to equity ratio has reduced from 99.6% to 89.3% over the past 5 years.
Debt Coverage: 1GIA's debt is well covered by operating cash flow (21.9%).
Interest Coverage: 1GIA's interest payments on its debt are well covered by EBIT (4.7x coverage).