FedEx (BUE:FDX) Cash And Cash Equivalents : ARS1,975,400 Mil (As of Feb. 2024)

View and export this data going back to . Start your Free Trial

What is FedEx Cash And Cash Equivalents?

FedEx's quarterly cash and cash equivalents increased from Aug. 2023 (ARS1,947,180.00 Mil) to Nov. 2023 (ARS2,355,149.97 Mil) but then stayed the same from Nov. 2023 (ARS2,355,149.97 Mil) to Feb. 2024 (ARS1,975,399.97 Mil).

FedEx's annual cash and cash equivalents increased from May. 2021 (ARS662,489.92 Mil) to May. 2022 (ARS795,293.06 Mil) and increased from May. 2022 (ARS795,293.06 Mil) to May. 2023 (ARS1,524,843.00 Mil).

FedEx Cash And Cash Equivalents Historical Data

The historical data trend for FedEx's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

Get a 7-Day Free Trial

102,594.88

325,172.23

662,489.92

795,293.06

1,524,843.00

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,006,255.43	1,524,843.00	1,947,180.00	2,355,149.97	1,975,399.97

FedEx Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

FedEx (BUE:FDX) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

FedEx Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of FedEx's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

FedEx (BUE:FDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (BUE:FDX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FDX:USA FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDXB34:Brazil

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.