FirstService Accounts Payable vs Cash And Short Term Investments Analysis

FSV Stock

CAD 255.06 0.47 0.18%

FirstService Corp financial indicator trend analysis is much more than just examining FirstService Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FirstService Corp is a good investment. Please check the relationship between FirstService Corp Accounts Payable and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstService Corp Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between FirstService Corp's Accounts Payable and Cash And Short Term Investments is 0.81. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of FirstService Corp, assuming nothing else is changed. The correlation between historical values of FirstService Corp's Accounts Payable and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of FirstService Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., FirstService Corp's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents FirstService Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of FirstService Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of FirstService Corp balance sheet. This account contains FirstService Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by FirstService Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from FirstService Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FirstService Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.As of the 1st of March 2025, Enterprise Value is likely to grow to about 10 B, while Selling General Administrative is likely to drop about 660.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	25.2M	47.4M	82.9M	87.0M
Depreciation And Amortization	110.1M	127.9M	147.1M	154.5M

Interest Expense Depreciation And Amortization

FirstService Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.74	0.72	0.14	0.54	0.81	0.8	0.8	0.76	0.35	0.58	0.67	0.73	0.66	0.67	0.7	0.74	0.89	0.75	0.84	0.88	0.54	0.71	0.68	0.75	0.19
Total Assets	0.74		0.99	-0.01	0.78	0.98	0.99	0.98	0.96	0.52	0.96	0.8	1.0	0.74	0.78	0.99	1.0	0.92	0.97	0.96	0.69	0.33	1.0	0.97	1.0	0.42
Short Long Term Debt Total	0.72	0.99		-0.09	0.72	0.97	0.98	0.98	0.98	0.51	0.93	0.76	0.99	0.69	0.74	0.97	0.99	0.91	0.99	0.95	0.64	0.37	0.99	0.98	0.98	0.37
Other Current Liab	0.14	-0.01	-0.09		0.42	0.01	0.0	-0.09	0.04	-0.53	0.07	0.33	-0.03	0.51	0.37	0.01	-0.05	0.14	-0.13	0.0	0.39	-0.23	-0.02	-0.21	0.02	0.34
Total Current Liabilities	0.54	0.78	0.72	0.42		0.75	0.73	0.69	0.73	0.2	0.85	0.91	0.77	0.83	0.91	0.8	0.76	0.71	0.65	0.69	0.63	0.16	0.77	0.67	0.79	0.73
Total Stockholder Equity	0.81	0.98	0.97	0.01	0.75		0.99	0.99	0.95	0.55	0.92	0.78	0.98	0.77	0.76	0.97	0.98	0.95	0.95	0.99	0.76	0.4	0.97	0.94	0.98	0.41
Property Plant And Equipment Net	0.8	0.99	0.98	0.0	0.73	0.99		0.99	0.97	0.48	0.92	0.78	0.99	0.75	0.76	0.97	0.99	0.96	0.98	0.98	0.73	0.37	0.98	0.95	0.98	0.38
Current Deferred Revenue	0.8	0.98	0.98	-0.09	0.69	0.99	0.99		0.96	0.6	0.9	0.74	0.98	0.71	0.71	0.97	0.99	0.92	0.98	0.98	0.71	0.4	0.98	0.97	0.98	0.33
Net Debt	0.76	0.96	0.98	0.04	0.73	0.95	0.97	0.96		0.44	0.88	0.76	0.96	0.76	0.74	0.94	0.96	0.91	0.97	0.95	0.69	0.37	0.96	0.94	0.95	0.38
Retained Earnings	0.35	0.52	0.51	-0.53	0.2	0.55	0.48	0.6	0.44		0.44	0.1	0.51	0.29	0.06	0.55	0.54	0.29	0.55	0.56	0.3	0.4	0.51	0.65	0.53	0.01
Accounts Payable	0.58	0.96	0.93	0.07	0.85	0.92	0.92	0.9	0.88	0.44		0.83	0.96	0.74	0.81	0.97	0.95	0.84	0.89	0.87	0.59	0.2	0.96	0.91	0.96	0.51
Cash	0.67	0.8	0.76	0.33	0.91	0.78	0.78	0.74	0.76	0.1	0.83		0.8	0.74	1.0	0.8	0.79	0.81	0.72	0.73	0.67	0.3	0.79	0.7	0.81	0.55
Non Current Assets Total	0.73	1.0	0.99	-0.03	0.77	0.98	0.99	0.98	0.96	0.51	0.96	0.8		0.73	0.78	0.99	1.0	0.92	0.98	0.96	0.67	0.33	1.0	0.97	0.99	0.42
Non Currrent Assets Other	0.66	0.74	0.69	0.51	0.83	0.77	0.75	0.71	0.76	0.29	0.74	0.74	0.73		0.75	0.77	0.72	0.72	0.66	0.78	0.81	0.2	0.73	0.63	0.77	0.45
Cash And Short Term Investments	0.67	0.78	0.74	0.37	0.91	0.76	0.76	0.71	0.74	0.06	0.81	1.0	0.78	0.75		0.77	0.76	0.8	0.69	0.71	0.67	0.29	0.77	0.67	0.78	0.55
Net Receivables	0.7	0.99	0.97	0.01	0.8	0.97	0.97	0.97	0.94	0.55	0.97	0.8	0.99	0.77	0.77		0.99	0.88	0.96	0.94	0.68	0.31	0.99	0.96	1.0	0.42
Good Will	0.74	1.0	0.99	-0.05	0.76	0.98	0.99	0.99	0.96	0.54	0.95	0.79	1.0	0.72	0.76	0.99		0.92	0.98	0.96	0.68	0.35	1.0	0.97	0.99	0.41
Common Stock Total Equity	0.89	0.92	0.91	0.14	0.71	0.95	0.96	0.92	0.91	0.29	0.84	0.81	0.92	0.72	0.8	0.88	0.92		0.9	0.94	0.8	0.39	0.91	0.84	0.92	0.37
Non Current Liabilities Total	0.75	0.97	0.99	-0.13	0.65	0.95	0.98	0.98	0.97	0.55	0.89	0.72	0.98	0.66	0.69	0.96	0.98	0.9		0.95	0.64	0.35	0.98	0.97	0.96	0.25
Inventory	0.84	0.96	0.95	0.0	0.69	0.99	0.98	0.98	0.95	0.56	0.87	0.73	0.96	0.78	0.71	0.94	0.96	0.94	0.95		0.78	0.42	0.95	0.93	0.96	0.34
Other Current Assets	0.88	0.69	0.64	0.39	0.63	0.76	0.73	0.71	0.69	0.3	0.59	0.67	0.67	0.81	0.67	0.68	0.68	0.8	0.64	0.78		0.48	0.66	0.59	0.72	0.24
Other Stockholder Equity	0.54	0.33	0.37	-0.23	0.16	0.4	0.37	0.4	0.37	0.4	0.2	0.3	0.33	0.2	0.29	0.31	0.35	0.39	0.35	0.42	0.48		0.3	0.39	0.34	0.03
Total Liab	0.71	1.0	0.99	-0.02	0.77	0.97	0.98	0.98	0.96	0.51	0.96	0.79	1.0	0.73	0.77	0.99	1.0	0.91	0.98	0.95	0.66	0.3		0.97	0.99	0.4
Property Plant And Equipment Gross	0.68	0.97	0.98	-0.21	0.67	0.94	0.95	0.97	0.94	0.65	0.91	0.7	0.97	0.63	0.67	0.96	0.97	0.84	0.97	0.93	0.59	0.39	0.97		0.96	0.31
Total Current Assets	0.75	1.0	0.98	0.02	0.79	0.98	0.98	0.98	0.95	0.53	0.96	0.81	0.99	0.77	0.78	1.0	0.99	0.92	0.96	0.96	0.72	0.34	0.99	0.96		0.41
Short Term Debt	0.19	0.42	0.37	0.34	0.73	0.41	0.38	0.33	0.38	0.01	0.51	0.55	0.42	0.45	0.55	0.42	0.41	0.37	0.25	0.34	0.24	0.03	0.4	0.31	0.41

Click cells to compare fundamentals

FirstService Corp Account Relationship Matchups

FirstService Corp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	43.2M	44.4M	44.5M	44.8M	45.3M	40.8M
Total Assets	2.2B	2.5B	2.8B	3.6B	4.2B	4.4B
Short Long Term Debt Total	753.7M	823.2M	952.2M	1.4B	1.6B	1.7B
Other Current Liab	345.6M	410.3M	433.4M	352.2M	15.3M	14.5M
Total Current Liabilities	543.8M	618.5M	637.0M	770.8M	850.8M	482.2M
Total Stockholder Equity	660.4M	799.7M	907.5M	1.0B	1.2B	1.2B
Property Plant And Equipment Net	279.8M	297.8M	372.6M	422.5M	494.5M	519.2M
Current Deferred Revenue	92.9M	121.9M	131.9M	185.7M	213.6M	224.3M
Net Debt	569.4M	657.5M	815.9M	1.2B	1.1B	1.1B
Retained Earnings	(171.1M)	(67.9M)	17.3M	77.5M	165.5M	173.7M
Accounts Payable	98.5M	100.1M	116.0M	143.3M	174.1M	182.8M
Cash	184.3M	165.7M	136.2M	187.6M	227.6M	127.3M
Non Current Assets Total	1.4B	1.5B	1.7B	2.3B	2.6B	2.8B
Non Currrent Assets Other	15.0M	21.1M	36.9M	32.7M	24.1M	16.3M
Cash And Short Term Investments	184.3M	165.7M	136.2M	187.6M	215.8M	119.1M
Net Receivables	418.9M	551.6M	635.9M	842.2M	947.5M	994.9M
Good Will	703.7M	843.4M	886.1M	1.2B	1.4B	1.5B
Liabilities And Stockholders Equity	2.2B	2.5B	2.8B	3.6B	4.2B	4.4B
Non Current Liabilities Total	799.4M	871.7M	996.6M	1.5B	1.7B	1.8B
Inventory	142.0M	161.4M	242.3M	246.2M	279.6M	293.6M
Other Current Assets	74.2M	86.0M	94.4M	85.0M	79.1M	69.9M
Other Stockholder Equity	59.3M	68.2M	83.0M	95.2M	109.5M	61.6M
Total Liab	1.3B	1.5B	1.6B	2.3B	2.6B	2.7B
Property Plant And Equipment Gross	279.8M	297.8M	372.6M	831.8M	937.5M	984.4M
Total Current Assets	819.3M	964.7M	1.1B	1.4B	1.6B	1.6B
Accumulated Other Comprehensive Income	2.1M	2.0M	(5.9M)	(4.4M)	(3.9M)	(3.7M)
Short Term Debt	91.8M	105.5M	84.8M	88.0M	101.2M	58.5M
Intangible Assets	378.8M	382.1M	368.5M	628.0M	715.5M	751.3M
Common Stock	770.0M	797.4M	813.0M	855.8M	984.2M	1.0B
Other Liab	124.4M	137.4M	154.0M	129.3M	148.7M	89.5M
Net Tangible Assets	(585.2M)	(422.1M)	(425.7M)	(347.1M)	(312.4M)	(328.0M)
Other Assets	11.8M	15.0M	21.1M	33.7M	38.7M	40.7M
Long Term Debt	533.1M	595.4M	688.7M	1.1B	1.3B	1.3B
Short Long Term Debt	56.5M	57.4M	35.7M	37.1M	41.6M	32.6M
Property Plant Equipment	264.4M	279.8M	297.8M	372.6M	428.4M	449.9M
Long Term Debt Total	761.1M	533.1M	595.4M	698.8M	803.6M	499.5M
Capital Surpluse	50.8M	59.3M	68.2M	83.0M	95.5M	60.2M

Pair Trading with FirstService Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FirstService Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FirstService Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against FirstService Stock

0.49	CAE	CAE Inc	Pair Corr
0.43	LOU	Lucero Energy Corp	Pair Corr
0.33	SOU	Southern Energy Corp	Pair Corr

The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstService Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstService Corp to buy it.

The correlation of FirstService Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for FirstService Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether FirstService Corp is a strong investment it is important to analyze FirstService Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FirstService Corp's future performance. For an informed investment choice regarding FirstService Stock, refer to the following important reports:

How To Invest In FirstService

Details

Is FirstService Stock a good investment?

Details

What is FirstService Corp's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Please note, there is a significant difference between FirstService Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if FirstService Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FirstService Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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FirstService Accounts Payable vs Cash And Short Term Investments Analysis

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Accounts Payable

Cash And Short Term Investments

FirstService Corp fundamental ratios Correlations

FirstService Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

FirstService Corp fundamental ratios Accounts

Pair Trading with FirstService Corp

Moving against FirstService Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total

Retained Earnings	- 0.53	Other Current Liab
Other Stockholder Equity	- 0.23	Other Current Liab
Property Plant And Equipment Gross	- 0.21	Other Current Liab
Non Current Liabilities Total	- 0.13	Other Current Liab
Current Deferred Revenue	- 0.09	Other Current Liab
Other Current Liab	- 0.09	Short Long Term Debt Total