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FedExXSWX:FDX 82 Cash-to-Debt is 0.31 as of May. 2026, which is 72% above its 10-year median of 0.18. GuruFocus rates XSWX:FDX with a GF Score™ of 82/100 and a GF Value™ of CHF191.34. The stock has 7 warning signs investors should review. Among 995 Transportation companies, FedEx ranks worse than 60.1% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. FedEx's cash to debt ratio for the quarter that ended in May. 2026 was 0.31.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, FedExcouldn't pay off its debt using the cash in hand for the quarter that ended in May. 2026.
The historical rank and industry rank for FedEx's Cash-to-Debt or its related term are showing as below:
XSWX:FDX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.18 Max: 0.31
Current: 0.31
During the past 13 years, FedEx's highest Cash to Debt Ratio was 0.31. The lowest was 0.05. And the median was 0.18.
XSWX:FDX's Cash-to-Debt is ranked worse than 60.1% of 995
companies
in the Transportation industry
Industry Median: 0.47
vs XSWX:FDX: 0.31
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
FedEx Cash-to-Debt Related Terms
FedEx Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for FedEx's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:FDX vs UPS, JBHT, FDXF: Cash-to-Debt Comparison
For the Integrated Freight & Logistics subindustry, FedEx's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FedEx Cash-to-Debt vs Transportation Industry
For the Transportation industry and Industrials sector, FedEx's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where FedEx's Cash-to-Debt falls into.
* 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.
FedEx (XSWX:FDX) has a Cash-to-Debt of 0.31 as of May. 2026. This is 72% above median its historical median of 0.18. Over the past decade, FedEx's Cash-to-Debt has ranged from 0.05 to 0.31. According to the industry distribution chart, FedEx ranks #598 out of 995 companies in the Transportation industry, placing it in the top 60.1%.
Is FedEx's Cash-to-Debt too high?
FedEx's current Cash-to-Debt of 0.31 is 72% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.31. The Transportation industry median Cash-to-Debt is 0.47. FedEx's value of 0.31 is 34% below this industry median. Based on the distribution chart, FedEx ranks #598 out of 995 companies in the Transportation industry, which is below the industry midpoint. Overall, FedEx has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does FedEx's Cash-to-Debt compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #598 out of 995 companies for Cash-to-Debt. This places FedEx in the lower half of its industry. The industry median Cash-to-Debt is 0.47. FedEx's value of 0.31 is 34% below this benchmark. Historically, FedEx's own Cash-to-Debt has ranged from 0.05 to 0.31 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.47, FedEx has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Transportation company?
The median Cash-to-Debt among Transportation companies is 0.47, based on 995 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current Cash-to-Debt of 0.31 is 34% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median Cash-to-Debt is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current Cash-to-Debt is 0.31, which is 72% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FedEx stock overvalued right now?
FedEx (XSWX:FDX) has a current Cash-to-Debt of 0.31. The stock's GF Value™ is CHF191.34, compared to a current price of CHF256.25 — trading 33.9% above its estimated fair value. The current Cash-to-Debt is 0.31, which is 72% above median its 10-year median of 0.18 and 34% below the Transportation industry median of 0.47. FedEx's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For FedEx (XSWX:FDX), the current Cash-to-Debt is 0.31 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FedEx (XSWX:FDX) Overvalued in 2026?
Based on GuruFocus' analysis, FedEx stock appears to be overvalued.
The current stock price of CHF256.25 is trading 33.9% above its estimated GF Value™ of CHF191.34.
Key valuation signals for XSWX:FDX:
Cash-to-Debt: 0.31 (72% above median its 10-year median of 0.18)
GF Value™: CHF191.34 vs. price of CHF256.25 (33.9% above fair value)
Industry Position: 34% below the Transportation median (#598 of 995)
No single metric tells the full story. See the XSWX:FDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. Following the June 2026 spinoff of FedEx Freight (less-than-truckload shipping), the firm's Federal Express segment—which houses the core package delivery operations—makes up more than 95% of total revenue (previously 87%). The remainder stems 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.
82GF Score
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