FedEx Balance Sheet Health
Financial Health criteria checks 4/6
FedEx has a total shareholder equity of $27.6B and total debt of $19.8B, which brings its debt-to-equity ratio to 71.7%. Its total assets and total liabilities are $87.0B and $59.4B respectively. FedEx's EBIT is $7.0B making its interest coverage ratio 18.6. It has cash and short-term investments of $6.9B.
Key information
71.7%
Debt to equity ratio
US$19.77b
Debt
Interest coverage ratio | 18.6x |
Cash | US$6.86b |
Equity | US$27.58b |
Total liabilities | US$59.43b |
Total assets | US$87.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($18.2B) exceed its short term liabilities ($13.4B).
Long Term Liabilities: FDX's short term assets ($18.2B) do not cover its long term liabilities ($46.1B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 98.7% to 71.7% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (42%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (18.6x coverage).