FedEx (WBO:FDX) Interest Expense : €-354 Mil (TTM As of Feb. 2024)

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What is FedEx Interest Expense?

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 € -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was €-354 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 € 1,258 Mil. FedEx's Interest Expense for the three months ended in Feb. 2024 was € -84 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.

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FedEx Interest Expense Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

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May23

Interest Expense

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-525.67

-616.22

-652.64

-651.79

-638.48

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	Get a 7-Day Free Trial															-113.95	-96.60	-83.45	-89.63	-84.36

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 €-354 Mil.

FedEx (WBO: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 €-84 Mil. Its Operating Income for the three months ended in Feb. 2024 was €1,258 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was €32,445 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	*	1257.939	/	-84.357
	=	14.91

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

FedEx (WBO:FDX) Business Description

Industry

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

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Traded in Other Exchanges

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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.