FedEx Balance Sheet Health
Financial Health criteria checks 4/6
FedEx has a total shareholder equity of $28.1B and total debt of $19.9B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are $87.6B and $59.6B respectively. FedEx's EBIT is $6.7B making its interest coverage ratio 15.8. It has cash and short-term investments of $5.6B.
Key information
70.88%
Debt to equity ratio
US$19.90b
Debt
| Interest coverage ratio | 15.8x |
| Cash | US$5.57b |
| Equity | US$28.07b |
| Total liabilities | US$59.55b |
| Total assets | US$87.63b |
Recent financial health updates
Is FedEx (NYSE:FDX) Using Too Much Debt?
May 10
Is FedEx (NYSE:FDX) Using Too Much Debt?
Jan 07FedEx (NYSE:FDX) Has A Pretty Healthy Balance Sheet
Sep 18Recent updates
FedEx Stock Under-Performance: Don't Bail Out
Aug 28FedEx Corporation (NYSE:FDX) Could Be Riskier Than It Looks
Aug 05An Intrinsic Calculation For FedEx Corporation (NYSE:FDX) Suggests It's 20% Undervalued
Jul 15FedEx's (NYSE:FDX) Dividend Will Be Increased To $1.45
Jun 13Is FedEx (NYSE:FDX) Using Too Much Debt?
May 10FedEx Corporation (NYSE:FDX) Could Be Riskier Than It Looks
Apr 28FedEx Corporation: Downgrading To Hold On Visible Near-Term Earnings Risk
Apr 23FedEx (NYSE:FDX) Is Doing The Right Things To Multiply Its Share Price
Apr 16Are Investors Undervaluing FedEx Corporation (NYSE:FDX) By 29%?
Apr 03FedEx Corp.: Management's Optimism Has Gone Too Far (Rating Downgrade)
Mar 22Is There Now An Opportunity In FedEx Corporation (NYSE:FDX)?
Mar 17FedEx Q3 Earnings Preview: Too Many Risks To Get Bullish
Mar 16FedEx, A Bundle Of Promises Hard To Deliver
Feb 10FedEx: I'm Buying The Dip
Feb 04FedEx Corporation (NYSE:FDX) Doing What It Can To Lift Shares
Jan 20Is FedEx (NYSE:FDX) Using Too Much Debt?
Jan 07Sold FedEx: Owned The Brand For Years; Defense And Some Old Tech Names Offer Better Opportunity
Dec 26FedEx Q2 Preview: AI To Power 2025
Dec 18Is It Too Late To Consider Buying FedEx Corporation (NYSE:FDX)?
Dec 15FedEx: Forget Weakness And Focus Instead On Price
Dec 10Returns 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 13FedEx: Potential For $30 Billion In Value Being Unlocked Via Cost Savings And Volume Recovery
Jun 26FedEx: Cost Cuts Will Benefit Customers Over Investors
May 24FedEx: Cost Cuts Paying Off, Big EPS Growth Expected
Apr 23FedEx Q3: Impressive Margin Improvement, Revenue Growth Still Under Pressure
Mar 22FedEx Investors: Is Amazon Eating Your Lunch?
Mar 10FedEx: Lacking A Fundamental Catalyst, This Giant Likely Has Farther To Fall (Technical Analysis)
Feb 21Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($18.4B) exceed its short term liabilities ($15.4B).
Long Term Liabilities: FDX's short term assets ($18.4B) do not cover its long term liabilities ($44.1B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (51%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 117.6% to 70.9% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (35.4%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (15.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/02 11:57 |
| End of Day Share Price | 2025/08/29 00:00 |
| Earnings | 2025/05/31 |
| Annual Earnings | 2025/05/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FedEx Corporation is covered by 54 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| John Eade | Argus Research Company |
| Benjamin Hartford | Baird |