FirstService Corp Net Asset Quality Index
FirstService Corp 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. Check FSV cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of FirstService Corp (2009–2025)
Net asset quality index of FirstService Corp from 2009 to 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. See FSV total equity for net asset value and shareholders' equity analysis.
FirstService Corp Net Asset Quality Index by Year (2009–2025)
FirstService Corp net asset quality index by year from 2009 to 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 live market cap and overall valuation, see FirstService Corp 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 | — |