FedEx Corporation (FDX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $28,074,000K
= 0.00
The data indicates that FedEx Corporation's debt-to-equity ratio has remained at zero for the period from May 31, 2021, through May 31, 2025. This consistent zero value suggests that the company has not reported any long-term or short-term debt obligations relative to its shareholders' equity during these years. The implication of such a ratio is that FedEx has either operated entirely without leverage or has maintained a capital structure devoid of debt financing, relying solely on equity to fund its operations and growth initiatives during this timeframe. This financial stance might reflect a conservative approach to leveraging or a strategic preference for debt-free operations.