FedEx (FRA:FDX) Debt-to-Equity

: 1.42 (As of Feb. 2024)

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

FedEx's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €2,330 Mil. FedEx's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €32,445 Mil. FedEx's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €24,450 Mil. FedEx's debt to equity for the quarter that ended in Feb. 2024 was 1.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for FedEx's Debt-to-Equity or its related term are showing as below:

FRA:FDX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.99 Max: 1.97
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of FedEx was 1.97. The lowest was 0.30. And the median was 0.99.

FRA:FDX's Debt-to-Equity is ranked worse than
79.12% of 886 companies
in the Transportation industry
Industry Median: 0.55 vs FRA:FDX: 1.42

FedEx Debt-to-Equity Historical Data

The historical data trend for FedEx's Debt-to-Equity 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.99 [6] => 1.97 [7] => 1.51 [8] => 1.49 [9] => 1.47 )

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

0.99

1.97

1.51

1.49

1.47

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity																1.54	1.47	1.44	1.43	1.42

Competitive Comparison

For the Integrated Freight & Logistics subindustry, FedEx's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, FedEx's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where FedEx's Debt-to-Equity falls into.

FedEx Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FedEx's Debt to Equity Ratio for the fiscal year that ended in May. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2314.72	+	32950.72)	/	24000.96
	=	1.47

FedEx's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2330.478	+	32445)	/	24449.625
	=	1.42

FedEx (FRA:FDX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

FedEx Debt-to-Equity Related Terms

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

FedEx (FRA:FDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (FRA:FDX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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

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.