FedEx Corporation (FDX)
Debt-to-capital ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 95,178,000 | 26,708,000 | 26,460,000 | 27,176,000 | 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 |
| 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 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $95,178,000K)
= 0.00
The data indicates that FedEx Corporation has maintained a debt-to-capital ratio of zero across multiple reporting periods, from August 31, 2020, through November 30, 2025. This consistent zero value suggests that the company has not reported any debt within this timeframe, reflecting a capital structure that is entirely financed through equity rather than debt. The absence of debt indicates a conservative financial leverage profile, minimizing financial risk associated with interest obligations and debt servicing. It is important to consider that such a sustained zero ratio could also imply the company’s strategic choice to operate without leverage, possibly leveraging internal cash flows or equity financing for its capital needs. Overall, the data underscores a debt-free capital structure for FedEx over the extended period analyzed.