FirstService (FirstService) Equity-to-Asset : 0.29 (As of Mar. 2024)

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What is FirstService Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FirstService's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,049 Mil. FirstService's Total Assets for the quarter that ended in Mar. 2024 was $3,644 Mil. Therefore, FirstService's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.29.

The historical rank and industry rank for FirstService's Equity-to-Asset or its related term are showing as below:

FSV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.34
Current: 0.29

During the past 13 years, the highest Equity to Asset Ratio of FirstService was 0.34. The lowest was 0.11. And the median was 0.25.

FSV's Equity-to-Asset is ranked worse than
71.53% of 1837 companies
in the Real Estate industry
Industry Median: 0.44 vs FSV: 0.29

FirstService Equity-to-Asset Historical Data

The historical data trend for FirstService's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FirstService Equity-to-Asset Chart

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.22

0.30

0.32

0.33

0.28

FirstService Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.32	0.32	0.33	0.28	0.29

Competitive Comparison of FirstService's Equity-to-Asset

For the Real Estate Services subindustry, FirstService's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FirstService's Equity-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, FirstService's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where FirstService's Equity-to-Asset falls into.

FirstService Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

FirstService's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1024.146	/	3625.743
	=	0.28

FirstService's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1048.965	/	3644.16
	=	0.29

FirstService (NAS:FSV) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

FirstService Equity-to-Asset Related Terms

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FirstService (FirstService) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FirstService Corp (NAS:FSV) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

FSV:Canada

Address

1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9

Website

https://www.firstservice.com

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.