FedEx Corporation (FDX)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 28,074,000 | 27,582,000 | 26,088,000 | 24,939,000 | 24,168,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $28,074,000K)
= 0.00
The debt-to-capital ratio of FedEx Corporation, as reflected in the provided data, consistently stands at 0.00 from May 31, 2021, through May 31, 2025. This suggests that during this period, the company has maintained a capital structure characterized by no debt relative to its total capital. Such a ratio indicates an entirely equity-funded capital structure, implying that FedEx has not reported any interest-bearing liabilities or long-term debt in its financial statements during this timeframe. Consequently, the company's financial leverage appears absent, which could reflect a strategic choice to operate without debt, potentially resulting in minimal financial risk related to debt obligations.