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
FedEx (NYSE:FDX) Has A Pretty Healthy Balance Sheet
Sep 18
We Think FedEx (NYSE:FDX) Can Stay On Top Of Its Debt
Jun 03Here's Why FedEx (NYSE:FDX) Can Manage Its Debt Responsibly
Feb 21Is FedEx (NYSE:FDX) Using Too Much Debt?
Sep 18Recent updates
Returns At FedEx (NYSE:FDX) Are On The Way Up
Nov 17FedEx: A Long-Term Bet On Stability And Dividends (Rating Upgrade)
Oct 25Market Cool On FedEx Corporation's (NYSE:FDX) Earnings
Oct 20Is FedEx Corporation (NYSE:FDX) Worth US$261 Based On Its Intrinsic Value?
Oct 06FedEx Earnings Summary: Disappointing Quarter, But Staying With The Stock
Sep 24FedEx (NYSE:FDX) Has A Pretty Healthy Balance Sheet
Sep 18FedEx: A Turnaround With Significant Upside Potential
Sep 15Is There Now An Opportunity In FedEx Corporation (NYSE:FDX)?
Sep 06FedEx: Powerful Setup For Growth Investors
Aug 29FedEx Is Driving To A More Profitable Future
Aug 13We Like These Underlying Return On Capital Trends At FedEx (NYSE:FDX)
Jul 16We Like The Quality Of FedEx's (NYSE:FDX) Earnings
Jul 04FedEx Corporation (NYSE:FDX) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Jun 27FedEx: Potential For $30 Billion In Value Being Unlocked Via Cost Savings And Volume Recovery
Jun 26A Look At The Intrinsic Value Of FedEx Corporation (NYSE:FDX)
Jun 17We Think FedEx (NYSE:FDX) Can Stay On Top Of Its Debt
Jun 03FedEx: Cost Cuts Will Benefit Customers Over Investors
May 24Why FedEx Corporation (NYSE:FDX) Could Be Worth Watching
May 21FedEx: Cost Cuts Paying Off, Big EPS Growth Expected
Apr 23It'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 25Financial 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).