Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. FedEx's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $336 Mil. FedEx's average total debt for the quarter that ended in Aug. 2024 was $37,742 Mil. Therefore, FedEx's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 0.89%.
FedEx Effective Interest Rate on Debt % Historical Data
The historical data trend for FedEx's Effective Interest Rate on 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.
Competitive Comparison of FedEx's Effective Interest Rate on Debt %
For the Integrated Freight & Logistics subindustry, FedEx's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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's Effective Interest Rate on Debt % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, FedEx's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where FedEx's Effective Interest Rate on Debt % falls into.
FedEx Effective Interest Rate on Debt % Calculation
FedEx's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as
* 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.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Aug. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
FedEx (NYSE:FDX) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
FedEx Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of FedEx's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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