FedEx Corporation (FDX)
Debt-to-assets ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 87,663,000 | 87,007,000 | 87,110,000 | 85,994,000 | 82,777,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $87,663,000K
= 0.00
The debt-to-assets ratio for FedEx Corporation has consistently been reported as 0.00 across the specified periods from May 31, 2021, to May 31, 2025. This indicates that during these fiscal years, the company's total liabilities have been negligible relative to its total assets, suggesting an absence of debt obligations or a very minimal debt level relative to its assets. Such a ratio implies that FedEx's asset base is primarily financed through equity rather than debt. The persistently zero ratio over this multi-year span reflects a financial strategy possibly focused on maintaining a debt-free capital structure, ensuring high leverage safety margins, and reducing financial risk associated with debt obligations. This scenario is consistent with a firm that might rely heavily on retained earnings or equity issuance for financing activities.