FirstService Corp (FSV) — Defensive Interval Ratio

Latest as of December 2025: 446 days

FirstService Corp (FSV) has a Defensive Interval Ratio of 446 days as of December 2025. Defensive assets of CA$1.07 Billion (cash CA$154.43 Million, short-term investments CA$-, receivables CA$920.43 Million) cover 446 days of daily cash needs of CA$2.41 Million/day.

Defensive Interval Ratio

446 days
Days of operational coverage

Defensive Assets

CA$1.07 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$2.41 Million
Current Liabilities ÷ 365

Current Liabilities

CA$880.54 Million
CAD

FirstService Corp Defensive Interval Ratio (2009–2025)

This chart shows how FirstService Corp's Defensive Interval Ratio has evolved across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 446 days, meaning defensive assets of CA$1.07 Billion can fund 446 days of operations without new revenue. For the complete balance sheet picture, see FSV asset base.

Annual Defensive Interval Ratio for FirstService Corp (2009–2025)

The table below presents the year-by-year Defensive Interval Ratio for FirstService Corp from 2009 to 2025, covering 17 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See FirstService Corp working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 446 days CA$1.07 Billion CA$2.41 Million/day CA$154.43 Million CA$- ▼ -63 days
2024 508 days CA$1.18 Billion CA$2.33 Million/day CA$227.60 Million CA$- ▲ +21 days
2023 488 days CA$1.03 Billion CA$2.11 Million/day CA$187.62 Million CA$- ▲ +45 days
2022 442 days CA$772.16 Million CA$1.75 Million/day CA$136.22 Million CA$- ▲ +19 days
2021 423 days CA$717.23 Million CA$1.69 Million/day CA$165.66 Million CA$- ▲ +18 days
2020 405 days CA$603.18 Million CA$1.49 Million/day CA$184.29 Million CA$- ▼ -120 days
2019 525 days CA$514.93 Million CA$981.39K/day CA$121.20 Million CA$- ▲ +32 days
2018 493 days CA$306.26 Million CA$621.77K/day CA$66.34 Million CA$- ▲ +58 days
2017 435 days CA$242.95 Million CA$558.98K/day CA$57.19 Million CA$- ▲ +20 days
2016 414 days CA$207.46 Million CA$500.88K/day CA$43.38 Million CA$- ▲ +93 days
2015 321 days CA$114.52 Million CA$356.44K/day CA$- CA$- ▼ -12 days
2014 333 days CA$115.14 Million CA$345.46K/day CA$- CA$- ▲ +84 days
2013 249 days CA$388.91 Million CA$1.56 Million/day CA$- CA$- ▼ -9 days
2012 258 days CA$330.96 Million CA$1.28 Million/day CA$- CA$- ▲ +77 days
2011 182 days CA$295.68 Million CA$1.63 Million/day CA$- CA$- ▼ -58 days
2010 239 days CA$269.87 Million CA$1.13 Million/day CA$- CA$- ▼ -21 days
2009 260 days CA$228.74 Million CA$879.52K/day CA$- CA$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)