FedEx (FDX) LT-Debt-to-Total-Asset : 0.40 (As of Nov. 2024)

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What is FedEx LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. FedEx's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.40.

FedEx's long-term debt to total assets ratio declined from Nov. 2023 (0.40) to Nov. 2024 (0.40). It may suggest that FedEx is progressively becoming less dependent on debt to grow their business.

FedEx LT-Debt-to-Total-Asset Historical Data

The historical data trend for FedEx's LT-Debt-to-Total-Asset 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.

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FedEx LT-Debt-to-Total-Asset Chart

FedEx Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.46

0.41

0.40

0.41

0.40

FedEx Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.41	0.40	0.40	0.40

FedEx LT-Debt-to-Total-Asset Calculation

FedEx's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	35188	/	87007
	=	0.40

FedEx's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	34146	/	85481
	=	0.40

FedEx (NYSE:FDX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

FedEx LT-Debt-to-Total-Asset Related Terms

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FedEx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (NYSE:FDX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FDX:Mexico 1FDX:Italy 0QZX:UK FDX:Germany 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 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

Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith	officer: President/CEO FedEx Express	3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
John W Dietrich	officer: EVP CHIEF FINANCIAL OFF
Amy B Lane	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
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