FirstService Corp (FSV) — Cash Flow-to-Debt Ratio
FirstService Corp (FSV) has a Cash Flow-to-Debt Ratio of 0.04x as of December 2025, meaning its operating cash flow of CA$121.42 Million could theoretically repay 0% of its total liabilities (CA$2.91 Billion) in one year. See FSV FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
FirstService Corp Cash Flow-to-Debt Ratio (2009–2025)
Historical debt coverage capacity for FirstService Corp across 17 annual periods. For the full cash flow conversion analysis, see cash flow conversion of FirstService Corp.
Annual Cash Flow-to-Debt Ratio for FirstService Corp (2009–2025)
Year-by-year debt coverage analysis for FirstService Corp. Check FirstService Corp cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.16x | CA$453.75 Million | CA$2.91 Billion | ▲ +39.7% |
| 2024 | 0.11x | CA$285.67 Million | CA$2.56 Billion | ▼ -11.3% |
| 2023 | 0.13x | CA$285.50 Million | CA$2.27 Billion | ▲ +94.1% |
| 2022 | 0.06x | CA$105.89 Million | CA$1.63 Billion | ▼ -42.3% |
| 2021 | 0.11x | CA$167.27 Million | CA$1.49 Billion | ▼ -48.3% |
| 2020 | 0.22x | CA$291.76 Million | CA$1.34 Billion | ▲ +172.7% |
| 2019 | 0.08x | CA$107.81 Million | CA$1.35 Billion | ▼ -38.2% |
| 2018 | 0.13x | CA$99.46 Million | CA$771.25 Million | ▼ -29.2% |
| 2017 | 0.18x | CA$115.64 Million | CA$634.50 Million | ▼ -1.4% |
| 2016 | 0.18x | CA$109.00 Million | CA$589.94 Million | ▼ -8.0% |
| 2015 | 0.20x | CA$87.09 Million | CA$433.46 Million | ▲ +67.2% |
| 2014 | 0.12x | CA$45.18 Million | CA$375.87 Million | ▲ +0.5% |
| 2013 | 0.12x | CA$116.28 Million | CA$972.39 Million | ▲ +7.5% |
| 2012 | 0.11x | CA$102.99 Million | CA$926.01 Million | ▲ +17.7% |
| 2011 | 0.09x | CA$80.21 Million | CA$848.70 Million | ▼ -37.9% |
| 2010 | 0.15x | CA$115.05 Million | CA$755.93 Million | ▲ +27.6% |
| 2009 | 0.12x | CA$81.05 Million | CA$679.33 Million | — |