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
Here's Why FedEx (NYSE:FDX) Can Manage Its Debt Responsibly
Feb 21
Is FedEx (NYSE:FDX) Using Too Much Debt?
Sep 18FedEx (NYSE:FDX) Has A Somewhat Strained Balance Sheet
May 29FedEx (NYSE:FDX) Takes On Some Risk With Its Use Of Debt
Feb 21Recent updates
It's A Story Of Risk Vs Reward With FedEx Corporation (NYSE:FDX)
Apr 07FedEx Q3: Impressive Margin Improvement, Revenue Growth Still Under Pressure
Mar 22FedEx Investors: Is Amazon Eating Your Lunch?
Mar 10Here's Why FedEx (NYSE:FDX) Can Manage Its Debt Responsibly
Feb 21FedEx: Lacking A Fundamental Catalyst, This Giant Likely Has Farther To Fall (Technical Analysis)
Feb 21Some Investors May Be Worried About FedEx's (NYSE:FDX) Returns On Capital
Feb 08FedEx Is Still A Buy After A Great 2023
Jan 30Is Now An Opportune Moment To Examine FedEx Corporation (NYSE:FDX)?
Jan 25FedEx: USPS Volume Shift From Air To Ground Creates Challenges To FedEx Express
Jan 03Cautious Investors Not Rewarding FedEx Corporation's (NYSE:FDX) Performance Completely
Dec 28FedEx Stock Falls 11%: What's Next?
Dec 22FedEx Stock: Roaring Back Heading Into Q2 Earnings
Dec 15Duopoly Battle: UPS Vs. FedEx - Which Stock Is The Better Buy Now?
Nov 30Is There An Opportunity With FedEx Corporation's (NYSE:FDX) 32% Undervaluation?
Nov 20FedEx Chased By Bulls: Buy Rating Fueled By Earnings And Dividend Growth
Nov 16Investors Could Be Concerned With FedEx's (NYSE:FDX) Returns On Capital
Nov 08FedEx Corporation: A Beacon Of Resilience And Adaptability Amidst Industry Challenges
Oct 31What Is FedEx Corporation's (NYSE:FDX) Share Price Doing?
Oct 26FedEx Not The Best Option Available Right Now
Oct 16If EPS Growth Is Important To You, FedEx (NYSE:FDX) Presents An Opportunity
Oct 14FedEx Post-Earnings: Be Patient, But Higher Margins, Better Free-Cash-Flow Ahead
Sep 25Is FedEx (NYSE:FDX) Using Too Much Debt?
Sep 18FedEx Stock: Substantial Optimism Is Already Priced In
Sep 18FedEx: Strong Business But Risky At Current Valuations
Sep 07FedEx: An Industrial Stock Poised For Capital Appreciation
Aug 30FedEx: Elevated Risk Across Freight Industry Following Yellow Bankruptcy
Aug 03Estimating The Fair Value Of FedEx Corporation (NYSE:FDX)
Jul 25Here's Why FedEx (NYSE:FDX) Has Caught The Eye Of Investors
Jul 12FedEx: A Strategic Transformation
Jun 29FedEx Earnings Preview: Comps Get Much Easier In 2nd Half Of Calendar '23
Jun 16Returns On Capital Signal Tricky Times Ahead For FedEx (NYSE:FDX)
Jun 15FedEx (NYSE:FDX) Has A Somewhat Strained Balance Sheet
May 29FedEx Stock: On An Absolute Basis, Shares Are Cheap
May 26Is Now The Time To Look At Buying FedEx Corporation (NYSE:FDX)?
May 14Capital Allocation Trends At FedEx (NYSE:FDX) Aren't Ideal
Mar 06FedEx (NYSE:FDX) Takes On Some Risk With Its Use Of Debt
Feb 21FedEx: A Case Study In Contrarian Investing
Feb 16FedEx: When Size Doesn't Matter
Feb 07FedEx Lacks The Upside For A Buy
Jan 30Is It Too Late To Consider Buying FedEx Corporation (NYSE:FDX)?
Jan 28FedEx Corporation's (NYSE:FDX) Intrinsic Value Is Potentially 54% Above Its Share Price
Jan 16UPS Is More Attractive After FedEx Earnings Call - It Threatens FDX Over Time
Dec 29Financial 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).