FedEx Corporation (FDX)
Debt-to-assets ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 6,552,000 | 6,703,000 | 6,535,000 |
| Total assets | US$ in thousands | 87,007,000 | 86,114,000 | 88,051,000 | 87,576,000 | 87,143,000 | 85,775,000 | 85,591,000 | 85,826,000 | 85,994,000 | 84,108,000 | 84,247,000 | 82,048,000 | 82,777,000 | 82,793,000 | 81,156,000 | 77,648,000 | 73,537,000 | 70,014,000 | 69,954,000 | 68,452,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.10 | 0.10 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $87,007,000K
= 0.00
The debt-to-assets ratio of FedEx Corporation has consistently been at very low levels, hovering around 0.00 in recent periods. This indicates that the company has minimal debt relative to its total assets, suggesting a strong financial position with a low level of financial risk. The increase in the debt-to-assets ratio from 0.09 in November 2019 to 0.10 in February 2020 and thereafter has been marginal and still remains relatively low. Overall, the trend shows that FedEx Corporation has been effectively managing its debt levels and maintaining a healthy balance sheet structure.