FedEx Balance Sheet Health
Financial Health criteria checks 4/6
FedEx has a total shareholder equity of $27.2B and total debt of $19.9B, which brings its debt-to-equity ratio to 73.1%. Its total assets and total liabilities are $86.7B and $59.5B respectively. FedEx's EBIT is $6.6B making its interest coverage ratio 17.9. It has cash and short-term investments of $5.9B.
Key information
73.1%
Debt to equity ratio
US$19.86b
Debt
| Interest coverage ratio | 17.9x |
| Cash | US$5.94b |
| Equity | US$27.18b |
| Total liabilities | US$59.54b |
| Total assets | US$86.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($18.1B) exceed its short term liabilities ($14.1B).
Long Term Liabilities: FDX's short term assets ($18.1B) do not cover its long term liabilities ($45.4B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (51.2%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 102.6% to 73.1% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (36.6%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (17.9x coverage).