FedEx (FDX) Cash And Cash Equivalents : $5,943 Mil (As of Aug. 2024)

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What is FedEx Cash And Cash Equivalents?

FedEx's quarterly cash and cash equivalents increased from Feb. 2024 ($5,644.00 Mil) to May. 2024 ($6,501.00 Mil) but then stayed the same from May. 2024 ($6,501.00 Mil) to Aug. 2024 ($5,943.00 Mil).

FedEx's annual cash and cash equivalents declined from May. 2022 ($6,897.00 Mil) to May. 2023 ($6,856.00 Mil) and declined from May. 2023 ($6,856.00 Mil) to May. 2024 ($6,501.00 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

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash And Cash Equivalents

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4,881.00

7,087.00

6,897.00

6,856.00

6,501.00

FedEx Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7,055.00	6,729.00	5,644.00	6,501.00	5,943.00

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 (NYSE: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

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FedEx Business Description

Industry

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

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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 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came 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, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

Executives

Brie Carere	officer: EVP/Chief Mkt & Comm Officer	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Sriram Krishnasamy	officer: EVP - CTO & CEO Dataworks	1715 AARON BRENNER DRIVE, MEMPHIS TN 38120
Marvin R Ellison	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Erwin Guy M Ii	officer: STAFF VP INT PRIN ACCT OFFICER	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner	director	1001 FANNIN ST, STE 4000, HOUSTON TX 77002
Mark R Allen	officer: EVP GENL COUNSEL/SECTY	942 SOUTH SHADY GROVE RD, MEMPHIS TN 38120
Robert B Carter	officer: EVP CHIEF INFO OFFICER	942 S SHADY GROVE RD, MEMPHIS TN 38120
Paul S Walsh	director	8 HENRIETTA PLACE, LONDON X0 94111
Frederick W Smith	director, officer: CHAIRMAN OF THE BOARD	942 S SHADY GROVE RD, MEMPHIS TN 38120
Tracy B Brightman	officer: EVP - Chief People Officer	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Rajesh Subramaniam	officer: EVP/Chief Mkt & Comm Officer	165 MADISON AVE, MEMPHIS TN 38103
Richard W Smith	officer: President/CEO FedEx Express	3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
R Brad Martin	director
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
John W Dietrich	officer: EVP CHIEF FINANCIAL OFF