MarketCap
Facebook
X
Telegram
FirstService Corporation Balance Sheet 2025-2011 | FSV
Brief overview of FirstService Corporation's financial position
This overview follows the five latest available annual observations between 2016 and 2020.
Assets advanced +184.9% to $2.2 billion from $771 million; annual growth near 29.9% reflects a fast increase in scale.
Liabilities increased less than assets, posting +160.4% versus +184.9%. That relationship usually strengthens the balance sheet.
Shareholders' equity accounts for 30.1% of assets, previously 23.5%. Dependence on liabilities is moderate.
The net-debt-to-equity ratio is 0.58x. Balance sheet leverage is low on this measure.
The cash share moved from 5.6% to 8.4%. A higher figure generally provides more room in an adverse scenario.
The accumulated result is -$171.1 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
What the balance sheet shows
The indicators point to a strong balance sheet position for FirstService Corporation: funding is balanced and liability risks appear controlled.
Annual Balance Sheet FirstService Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
974 M | 1.08 B | 1.01 B | 612 M | - | 384 M | 671 M | 268 M | 212 M | 208 M | 156 M | 173 M | 230 M | 306 M | 296 M |
Long Term Debt |
1.07 B | 1.26 B | 1.14 B | 699 M | - | 533 M | 761 M | 331 M | 267 M | 250 M | 197 M | 222 M | 328 M | 375 M | 177 M |
Long Term Debt Current |
59.1 M | 53.1 M | 50.9 M | 49.1 M | - | 35.3 M | 30.6 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
1.54 B | 1.71 B | 1.5 B | 997 M | 872 M | 799 M | 997 M | 393 M | 430 M | 407 M | 303 M | 331 M | 624 M | 610 M | 254 M |
Total Current Liabilities |
882 M | 851 M | 771 M | 637 M | 618 M | 544 M | 358 M | 227 M | 204 M | 183 M | 130 M | - | - | - | - |
Total Liabilities |
- | - | - | - | - | 1.54 B | 1.53 B | 771 M | 634 M | 590 M | 433 M | 457 M | 1.19 B | 1.08 B | 849 M |
Deferred Revenue |
209 M | 191 M | 179 M | 126 M | 116 M | 90.1 M | 74.1 M | 36.7 M | 35.8 M | 29.4 M | 18.7 M | 16.5 M | 25.7 M | 24.5 M | 19.4 M |
Retained Earnings |
- | - | - | - | - | -171 M | 45.1 M | 45.5 M | - | - | - | - | -123 M | -74 M | -64 M |
Total Assets |
4.28 B | 4.19 B | 3.63 B | 2.77 B | 2.51 B | 2.2 B | 1.96 B | 1.01 B | 838 M | 771 M | 600 M | 616 M | 1.44 B | 1.32 B | 1.23 B |
Cash and Cash Equivalents |
154 M | 228 M | 188 M | 136 M | - | 184 M | 121 M | 66.3 M | 57.2 M | 43.4 M | 45.6 M | 66.8 M | - | - | - |
Book Value |
4.28 B | 4.19 B | 3.63 B | 2.77 B | 2.51 B | 660 M | 426 M | 236 M | 203 M | 181 M | 167 M | 159 M | 249 M | 240 M | 385 M |
Total Shareholders Equity |
1.38 B | 1.19 B | 1.02 B | 907 M | - | 660 M | 426 M | 236 M | 192 M | 181 M | 167 M | 159 M | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet FirstService Corporation
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.07 B | 1.26 B | 1.14 B | - | - | - | - | 595 M | - | - | - | 533 M | - | - | - | 767 M | - | - | - | 335 M | - | - | - | 270 M | - | - | - | 251 M | - | - | - | 201 M | - | - | - | 222 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
1.54 B | 1.71 B | 1.5 B | - | - | - | - | 872 M | - | - | - | 799 M | - | - | - | 997 M | - | - | - | 393 M | - | - | - | 325 M | - | - | - | 312 M | - | - | - | 226 M | - | - | - | 250 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
209 M | 191 M | 179 M | - | - | - | - | 116 M | - | - | - | 90.1 M | - | - | - | 74.1 M | - | - | - | 36.7 M | - | - | - | 34.4 M | - | - | - | 28.9 M | - | - | - | 18.5 M | - | - | - | 16.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.5 M | - | - | - | 7.54 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
4.28 B | 4.19 B | 3.63 B | - | - | - | - | 2.51 B | - | - | - | 2.2 B | - | - | - | 1.96 B | - | - | - | 1.01 B | - | - | - | 848 M | - | - | - | 771 M | - | - | - | 600 M | - | - | - | 616 M | - | - | - | 610 M | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
154 M | 228 M | 188 M | - | - | - | - | 166 M | - | - | - | 184 M | - | - | - | 121 M | - | - | - | 66.3 M | - | - | - | 57.2 M | - | - | - | 43.4 M | - | - | - | 45.6 M | - | - | - | 66.8 M | - | - | - | 86.4 M | - | - | - | 84.5 M | - | - | - | - | - | - | - |
Book Value |
4.28 B | 4.19 B | 3.63 B | - | - | - | - | 2.51 B | - | - | - | 2.2 B | - | - | - | 1.96 B | - | - | - | 1.01 B | - | - | - | 848 M | - | - | - | 771 M | - | - | - | 600 M | - | - | - | 616 M | - | - | - | 610 M | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
1.38 B | 1.19 B | 1.02 B | - | - | - | - | 800 M | - | - | - | 660 M | - | - | - | 426 M | - | - | - | 236 M | - | - | - | 192 M | - | - | - | 172 M | - | - | - | 167 M | - | - | - | 159 M | - | - | - | 169 M | - | - | - | 175 M | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of FirstService Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
China
Russia
USA
Bermuda
Argentina
Israel
Britain
Canada
