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Fedex Corporation  (FDX)
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Fedex's Quick Ratio

FDX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the second quarter 2023, Quick Ratio fell to 0.47 above Fedex Corporation average.

Within Transport & Logistics industry Fedex Corporation booked the highest Quick Ratio than Fedex in the second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 13 to 65.

Explain Quick Ratio?
How much Cash & cash equivalents FDX´s has?
What are FDX´s Current Liabilities?


FDX Quick Ratio (Nov 30 2023)
II. Quarter
(Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
Y / Y Current Liabilities Change 1.49 % 0.33 % -4.82 % -2.93 % 1.12 %
Y / Y Cash & cash equivalent Change 44.83 % 2.99 % -0.59 % -11.41 % -32.01 %
Quick Ratio MRQ 0.47 0.51 0.5 0.4 0.33
FDX's Total Ranking # 65 # 13 # 242 # 69 # 1498
Seq. Current Liabilities Change 3.16 % 1.66 % 0.04 % -3.27 % 1.99 %
Seq. Cash & cash equivalent Change -4.62 % 2.9 % 27.6 % 15.65 % -32.18 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 2
Overall Market # 65


Quick Ratio Statistics
High Average Low
0.92 0.41 0.08
(Aug. 31, 2013)   (Feb. 26, 2004)




Financial Statements
Fedex's Current Liabilities $ 14,248 Millions Visit FDX's Balance sheet
Fedex's Cash & cash equivalent $ 6,729 Millions Visit FDX's Balance sheet
Source of FDX's Sales Visit FDX's Sales by Geography


Cumulative Fedex's Quick Ratio

FDX's Quick Ratio for the trailling 12 Months

FDX Quick Ratio

(Nov 30 2023)
II. Quarter
(Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 1.49 % 0.33 % -4.82 % -2.93 % 1.12 %
Y / Y Cash & cash equivalent TTM Growth 44.83 % 2.99 % -0.59 % -11.41 % -32.01 %
Quick Ratio TTM 0.47 0.43 0.43 0.43 0.44
Total Ranking TTM # 967 # 3654 # 1985 # 5402 # 1238
Seq. Current Liabilities TTM Growth 3.16 % 1.66 % 0.04 % -3.27 % 1.99 %
Seq. Cash & cash equivalent TTM Growth -4.62 % 2.9 % 27.6 % 15.65 % -32.18 %


On the trailing twelve months basis FDX Cash & cash equivalent soared by 44.83 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Fedex's Quick Ratio to 0.47, above FDX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Transport & Logistics industry 3 other companies have achieved higher Quick Ratio than Fedex. While Quick Ratio overall ranking has improved so far to 967, from total ranking during the twelve months ending first quarter 2023 at 3654.

Explain Quick Ratio?
How much Cash & cash equivalents FDX´s has?
What are FDX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Transport & Logistics Industry # 4
Transportation Sector # 22
Within the Market # 967


trailing twelve months Quick Ratio Statistics
High Average Low
0.73 0.41 0.16
(March 31, 2014)   (Sep. 30, 2015)




Companies with similar Quick Ratio in the quarter ending Nov 30 2023, within Transport & Logistics Industry Quick RatioNov 30 2023 MRQ Cash & cash equivalentNov 30 2023 MRQ Current Liabilities
Pam Transportation Services Inc  1.05 $ 143.817  Millions$ 137.096  Millions
Landstar System Inc   0.80 $ 540.704  Millions$ 675.224  Millions
Marten Transport Ltd  0.48 $ 53.213  Millions$ 110.242  Millions
Fedex Corporation  0.47 $ 6,729.000  Millions$ 14,248.000  Millions
Arcbest Corporation  0.47 $ 330.068  Millions$ 701.563  Millions
United Parcel Service Inc   0.34 $ 6,072.000  Millions$ 17,676.000  Millions
Knight swift Transportation Holdings Inc   0.26 $ 466.350  Millions$ 1,825.287  Millions
Heartland Express Inc   0.23 $ 28.123  Millions$ 123.476  Millions
Werner Enterprises Inc   0.19 $ 61.723  Millions$ 330.585  Millions
Air T Inc   0.13 $ 5.513  Millions$ 42.969  Millions

Date modified: 2023-12-21T15:08:59+00:00



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