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
No updates
Financial 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).