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FedEx (FDX) Effective Interest Rate on Debt % : 0.89% (As of Aug. 2024)


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What is FedEx Effective Interest Rate on Debt %?

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.

* Premium members only.

FedEx Effective Interest Rate on Debt % Chart

FedEx Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 2.19 1.87 1.84 1.96

FedEx Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 1.02 0.96 1.02 0.89

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2023 )+Total Debt  (A: May. 2024 ))/ count )
=-1  *  -745/( (38332+37719)/ 2 )
=-1  *  -745/38025.5
=1.96 %

where

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35816 + 2516
=38332

Total Debt  (A: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35188 + 2531
=37719

FedEx's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  -336/( (37719+37765)/ 2 )
=-1  *  -336/37742
=0.89 %

where

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35188 + 2531
=37719

Total Debt  (Q: Aug. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=34633 + 3132
=37765

* 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

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FedEx Business Description

Industry
Address
942 South Shady Grove Road, Memphis, TN, USA, 38120
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