FedEx (FDX) Interest Expense

: $-384 Mil (TTM As of Feb. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FedEx's interest expense for the three months ended in Feb. 2024 was $ -91 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-384 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. FedEx's Operating Income for the three months ended in Feb. 2024 was $ 1,357 Mil. FedEx's Interest Expense for the three months ended in Feb. 2024 was $ -91 Mil. FedEx's Interest Coverage for the quarter that ended in Feb. 2024 was 14.91. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FedEx Interest Expense Historical Data

The historical data trend for FedEx's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

-588.00

-672.00

-793.00

-689.00

-694.00

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense																-122.00	-105.00	-91.00	-97.00	-91.00

FedEx Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-384 Mil.

FedEx (NYSE:FDX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FedEx's Interest Expense for the three months ended in Feb. 2024 was $-91 Mil. Its Operating Income for the three months ended in Feb. 2024 was $1,357 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $35,000 Mil.

FedEx's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	1357	/	-91
	=	14.91

The higher the ratio, the stronger the company's financial strength is.

FedEx (FDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (NYSE:FDX) » Definitions » Interest Expense

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Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

Executives

John W Dietrich	officer: EVP CHIEF FINANCIAL OFF
Amy B Lane	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Erwin Guy M Ii	officer: STAFF VP INT PRIN ACCT OFFICER	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Jennifer L Johnson	officer: CVP PRIN ACCT OFFICER	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Michael C. Lenz	officer: EVP CHIEF FINANCIAL OFF	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Robert B Carter	officer: EVP CHIEF INFO OFFICER	942 S SHADY GROVE RD, MEMPHIS TN 38120
Tracy B Brightman	officer: EVP - Chief People Officer	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Stephen E Gorman	director	370 KNOLLWOOD STREET, SUITE 500, WINSTON SALEM NC 27103
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith	officer: President/CEO FedEx Express	3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
Frederick W Smith	director, officer: CHAIRMAN OF THE BOARD	942 S SHADY GROVE RD, MEMPHIS TN 38120
Brie Carere	officer: EVP/Chief Mkt & Comm Officer	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner	director	1001 FANNIN ST, STE 4000, HOUSTON TX 77002
R Brad Martin	director
Paul S Walsh	director	8 HENRIETTA PLACE, LONDON X0 94111