FirstService Corp (FSV) — Working Capital to Net Assets Ratio
FirstService Corp (FSV) has a Working Capital to Net Assets ratio of 45.6% as of December 2025. Working capital of CA$623.24 Million (current assets of CA$1.50 Billion minus current liabilities of CA$880.54 Million) is measured against net assets of CA$1.37 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See FirstService Corp (FSV) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
FirstService Corp Working Capital to Net Assets (2009–2025)
This chart shows how FirstService Corp's Working Capital to Net Assets ratio has evolved across 17 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 45.6%, reflecting working capital of CA$623.24 Million against net assets of CA$1.37 Billion CAD. For the complete balance sheet picture, see FirstService Corp (FSV) total assets.
Annual Working Capital to Net Assets for FirstService Corp (2009–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for FirstService Corp from 2009 to 2025, covering 17 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check FSV asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 45.6% | CA$623.24 Million | CA$1.37 Billion | CA$1.50 Billion | CA$880.54 Million | ▲ +2.3 pp |
| 2024 | 43.3% | CA$708.59 Million | CA$1.64 Billion | CA$1.56 Billion | CA$850.77 Million | ▼ -0.2 pp |
| 2023 | 43.5% | CA$590.23 Million | CA$1.36 Billion | CA$1.36 Billion | CA$770.77 Million | ▲ +2.1 pp |
| 2022 | 41.4% | CA$471.88 Million | CA$1.14 Billion | CA$1.11 Billion | CA$636.99 Million | ▲ +7.4 pp |
| 2021 | 34.0% | CA$346.19 Million | CA$1.02 Billion | CA$964.66 Million | CA$618.47 Million | ▲ +1.7 pp |
| 2020 | 32.3% | CA$275.56 Million | CA$853.43 Million | CA$819.32 Million | CA$543.75 Million | ▼ -19.3 pp |
| 2019 | 51.6% | CA$309.93 Million | CA$600.55 Million | CA$668.14 Million | CA$358.21 Million | ▼ -28.0 pp |
| 2018 | 79.6% | CA$188.12 Million | CA$236.23 Million | CA$415.07 Million | CA$226.95 Million | ▲ +21.9 pp |
| 2017 | 57.7% | CA$117.29 Million | CA$203.23 Million | CA$321.32 Million | CA$204.03 Million | ▼ -9.1 pp |
| 2016 | 66.8% | CA$120.97 Million | CA$181.03 Million | CA$303.79 Million | CA$182.82 Million | ▲ +6.9 pp |
| 2015 | 59.9% | CA$100.12 Million | CA$167.03 Million | CA$230.22 Million | CA$130.10 Million | ▲ +7.9 pp |
| 2014 | 52.0% | CA$124.63 Million | CA$239.68 Million | CA$250.72 Million | CA$126.09 Million | ▲ +42.4 pp |
| 2013 | 9.6% | CA$45.10 Million | CA$471.12 Million | CA$615.26 Million | CA$570.16 Million | ▼ -1.3 pp |
| 2012 | 10.9% | CA$42.64 Million | CA$391.90 Million | CA$510.54 Million | CA$467.90 Million | ▲ +48.3 pp |
| 2011 | -37.4% | CA$-144.05 Million | CA$385.02 Million | CA$450.20 Million | CA$594.25 Million | ▼ -39.5 pp |
| 2010 | 2.1% | CA$7.73 Million | CA$373.61 Million | CA$419.63 Million | CA$411.90 Million | ▼ -16.5 pp |
| 2009 | 18.6% | CA$61.27 Million | CA$330.20 Million | CA$382.29 Million | CA$321.02 Million | — |