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Fedex Corporation  (FDX)
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Fedex's Total Debt to Equity

FDX's quarterly Total Debt to Equity and Total Debt, Equity growth


Despite a net increase in borrowings by 0.15%, Fedex managed to enhance Total Debt to Equity in the second quarter 2023 to 0.77, surpassing the average for Fedex's Total Debt to Equity.

Within Transport & Logistics industry Fedex Corporation achieved the lowest Total Debt to Equity in the second quarter 2023. While Total Debt to Equity total ranking has deteriorated compared to the first quarter 2023 from 25 to 46 .

Explain Debt to Equity Ratio?
What is the structure of FDX´s Total Debt?
How valuable is the FDX´s Equity?


FDX Total Debt to Equity (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 Equity Change 10.99 % 5.54 % 4.61 % 0.84 % -3.31 %
Y / Y Total Debt Change 1.38 % 2.19 % 1.55 % -1.17 % -1.24 %
Total Debt to Equity MRQ 0.77 0.77 0.79 0.82 0.84
FDX's Total Ranking # 46 # 25 # 42 # 1 # 32
Seq. Equity Change 0.87 % 1.71 % 5.48 % 2.56 % -4.08 %
Seq. Total Debt Change 0.15 % -0.4 % 1.53 % 0.1 % 0.95 %



Total Debt to Equity second quarter 2023 Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 2
Overall Market # 46


Total Debt to Equity Statistics
High Average Low
1.2 0.5 0.1
(May 31 2020)   (May 31. 2012)




Financial Statements
Fedex's Equity $ 26,766 Millions Visit FDX's Balance sheet
Fedex's Total Debt $ 20,527 Millions Visit FDX's Balance sheet
Source of FDX's Sales Visit FDX's Sales by Geography


Cumulative Fedex's Total Debt to Equity

FDX's Total Debt to Equity for the trailling 12 Months

FDX Total Debt to Equity

(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 Equity TTM Growth 10.99 % 5.54 % 4.61 % 0.84 % -3.31 %
Y / Y Total Debt TTM Growth 1.38 % 2.19 % 1.55 % -1.17 % -1.24 %
Total Debt to Equity TTM 0.79 0.8 0.81 0.82 0.82
Total Ranking TTM # 1226 # 1868 # 1 # 261 # 8
Seq. Equity TTM Growth 0.87 % 1.71 % 5.48 % 2.56 % -4.08 %
Seq. Total Debt TTM Growth 0.15 % -0.4 % 1.53 % 0.1 % 0.95 %


On the trailing twelve months basis Despite of the net new borrowings of 0.15% during the twelve months period ending in II Quarter 2023 Fedex has managed to decrease Total Debt to Equity in the II Quarter 2023 to 0.79, above the FDX's average Total Debt to Equity.
Total Debt to Equity is the average cumulative value over the last four quarters.

Among companies in the Transport & Logistics industry 6, during the past 12 months, other companies have achieved lower Total Debt to Equity than Fedex. While Total Debt to Equity total ranking has improved so far to 1226, from total ranking in previous 12 month period at 1868.

Explain Debt to Equity Ratio?
What is the structure of FDX´s Total Debt?
How valuable is the FDX´s Equity?

TTM Total Debt to Equity Company Ranking
Within: No.
Within the Transport & Logistics Industry # 7
Transportation Sector # 24
Within the Market # 1226


trailing twelve months Total Debt to Equity Statistics
High Average Low
1.14 0.42 0
(Feb 28 2021)   (Sep. 30, 2015)




Companies with similar Total Debt to Equity in the quarter ending Nov 30 2023, within Transport & Logistics Industry Total Debt to EquityNov 30 2023 MRQ Total DebtNov 30 2023 MRQ Equity
United Parcel Service Inc   1.29 $ 22,264.000  Millions$ 17,314.000  Millions
Pam Transportation Services Inc  0.83 $ 261.709  Millions$ 314.216  Millions
Fedex Corporation  0.77 $ 20,527.000  Millions$ 26,766.000  Millions
Covenant Logistics Group Inc   0.61 $ 244.545  Millions$ 403.420  Millions
Werner Enterprises Inc   0.42 $ 648.750  Millions$ 1,528.339  Millions
J b Hunt Transport Services Inc   0.38 $ 1,576.068  Millions$ 4,103.758  Millions
Heartland Express Inc   0.35 $ 299.999  Millions$ 865.260  Millions
Arcbest Corporation  0.18 $ 228.938  Millions$ 1,242.363  Millions

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



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