FirstService Corp (FSV) — Net Asset Quality Index
FirstService Corp (FSV) has a Net Asset Quality Index of 32.0% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$4.28 Billion minus total liabilities of CA$2.91 Billion yields net assets of CA$1.37 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See FirstService Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
FirstService Corp Net Asset Quality Index Over Time (2009–2025)
This chart shows how FirstService Corp's Net Asset Quality Index has evolved across 17 annual periods from 2009 to 2025. As of December 2025, the index stands at 32.0%, representing net assets of CA$1.37 Billion against total assets of CA$4.28 Billion CAD. Explore FSV cash generation efficiency to assess how effectively this company generates cash.
Annual Net Asset Quality Index for FirstService Corp (2009–2025)
The table below presents the year-by-year Net Asset Quality Index for FirstService Corp from 2009 to 2025, covering 17 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see FSV stock market capitalisation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 32.0% | CA$1.37 Billion | CA$4.28 Billion | CA$2.91 Billion | ▼ -7.0 pp |
| 2024 | 39.0% | CA$1.64 Billion | CA$4.19 Billion | CA$2.56 Billion | ▲ +1.6 pp |
| 2023 | 37.4% | CA$1.36 Billion | CA$3.63 Billion | CA$2.27 Billion | ▼ -3.7 pp |
| 2022 | 41.1% | CA$1.14 Billion | CA$2.77 Billion | CA$1.63 Billion | ▲ +0.5 pp |
| 2021 | 40.6% | CA$1.02 Billion | CA$2.51 Billion | CA$1.49 Billion | ▲ +1.8 pp |
| 2020 | 38.9% | CA$853.43 Million | CA$2.20 Billion | CA$1.34 Billion | ▲ +8.1 pp |
| 2019 | 30.7% | CA$600.55 Million | CA$1.95 Billion | CA$1.35 Billion | ▲ +7.3 pp |
| 2018 | 23.4% | CA$236.23 Million | CA$1.01 Billion | CA$771.25 Million | ▼ -0.8 pp |
| 2017 | 24.3% | CA$203.23 Million | CA$837.73 Million | CA$634.50 Million | ▲ +0.8 pp |
| 2016 | 23.5% | CA$181.03 Million | CA$770.96 Million | CA$589.94 Million | ▼ -4.3 pp |
| 2015 | 27.8% | CA$167.03 Million | CA$600.48 Million | CA$433.46 Million | ▼ -11.1 pp |
| 2014 | 38.9% | CA$239.68 Million | CA$615.54 Million | CA$375.87 Million | ▲ +6.3 pp |
| 2013 | 32.6% | CA$471.12 Million | CA$1.44 Billion | CA$972.39 Million | ▲ +2.9 pp |
| 2012 | 29.7% | CA$391.90 Million | CA$1.32 Billion | CA$926.01 Million | ▼ -1.5 pp |
| 2011 | 31.2% | CA$385.02 Million | CA$1.23 Billion | CA$848.70 Million | ▼ -1.9 pp |
| 2010 | 33.1% | CA$373.61 Million | CA$1.13 Billion | CA$755.93 Million | ▲ +0.4 pp |
| 2009 | 32.7% | CA$330.20 Million | CA$1.01 Billion | CA$679.33 Million | — |