FSV (FirstService) Debt-to-Equity : 1.37 (As of Sep. 2024)

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What is FirstService Debt-to-Equity?

FirstService's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $94 Mil. FirstService's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,474 Mil. FirstService's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,149 Mil. FirstService's debt to equity for the quarter that ended in Sep. 2024 was 1.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FSV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.39 Max: 4.94
Current: 1.37

During the past 13 years, the highest Debt-to-Equity Ratio of FirstService was 4.94. The lowest was 0.96. And the median was 1.39.

FSV's Debt-to-Equity is ranked worse than
72.27% of 1558 companies
in the Real Estate industry
Industry Median: 0.735 vs FSV: 1.37

FirstService Debt-to-Equity Historical Data

The historical data trend for FirstService's Debt-to-Equity 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.

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FirstService Debt-to-Equity Chart

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.13

1.14

1.03

1.05

1.38

FirstService Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.00	1.38	1.40	1.46	1.37

Competitive Comparison of FirstService's Debt-to-Equity

For the Real Estate Services subindustry, FirstService's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Real Estate Industry

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

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

FirstService Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(88.03	+	1328.898)	/	1024.146
	=	1.38

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(94.281	+	1473.998)	/	1148.548
	=	1.37

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

FirstService Debt-to-Equity Related Terms

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FirstService Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

1GIA:Germany 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.