FedEx Balance Sheet Health
Financial Health criteria checks 4/6
FedEx has a total shareholder equity of $26.4B and total debt of $19.8B, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are $86.1B and $59.7B respectively. FedEx's EBIT is $7.0B making its interest coverage ratio 18.2. It has cash and short-term investments of $5.6B.
Key information
74.9%
Debt to equity ratio
US$19.76b
Debt
Interest coverage ratio | 18.2x |
Cash | US$5.64b |
Equity | US$26.38b |
Total liabilities | US$59.74b |
Total assets | US$86.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($17.4B) exceed its short term liabilities ($13.3B).
Long Term Liabilities: FDX's short term assets ($17.4B) do not cover its long term liabilities ($46.4B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (53.5%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 92.6% to 74.9% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (45.9%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (18.2x coverage).