FedEx Corporation (FDX)
Debt-to-assets ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total assets | US$ in thousands | 87,007,000 | 87,143,000 | 85,994,000 | 82,777,000 | 73,537,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $87,007,000K
= 0.00
The debt-to-assets ratio for FedEx Corporation has consistently been 0.00 for the past five years, indicating that the company has not relied on debt financing to fund its operations and investments in relation to its total assets. This suggests that FedEx has a strong financial position with a relatively low level of debt compared to its asset base. The stable and low debt-to-assets ratio over the years reflects a conservative financial management approach that focuses on maintaining a healthy balance sheet and minimizing financial risk. Additionally, this ratio indicates that FedEx has sufficient assets to cover its debt obligations, which can be seen as a positive aspect for investors and creditors.