FedEx Corporation (FDX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 27,582,000 | 26,375,000 | 26,766,000 | 26,534,000 | 26,088,000 | 24,733,000 | 24,115,000 | 25,140,000 | 24,939,000 | 24,526,000 | 24,940,000 | 24,321,000 | 24,168,000 | 21,981,000 | 21,039,000 | 19,462,000 | 18,295,000 | 18,831,000 | 18,659,000 | 18,166,000 |
| Debt-to-capital 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 | 0.26 | 0.26 | 0.26 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $27,582,000K)
= 0.00
The debt-to-capital ratio for FedEx Corporation has remained consistently low at 0.00 for the most recent quarters up to February 2024. However, there was a slight increase in the ratio to 0.26 in the quarter ended November 30, 2019, and it has remained at that level in subsequent quarters up to May 31, 2020. This indicates that FedEx has been effectively managing its capital structure with minimal reliance on debt financing. It implies that the company has a lower level of financial risk associated with debt obligations compared to its equity. It would be important to monitor any significant changes in this ratio in the future to assess FedEx's leverage and financial health.