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Fedex Corporation  (FDX)
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Cumulative Fedex's Interest Coverage ratios

FDX's Interest expense and Ebitda growth



FDX Interest Coverage (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 Interest expense Change - - 26.6 % - -
Y / Y Ebitda Change 18.25 % 26.96 % 67.57 % -12.15 % -21.82 %
Interest Coverage (TTM) 9.68 11.63 14.74 18.25 20.64
Total Ranking # 342 # 12 # 474 # 843 # 843
Seq. Interest expense Change 6.59 % -91.61 % - - -
Seq. Ebitda Change -9.52 % -39.72 % 122.06 % -2.38 % -2.85 %




Interest Coverage in the second quarter 2023 Comment
Fedex's interest coverage ratio sequentially decreased to 9.68 below company average. Due to decrease of ebitda in the Q2 2023 by -9.52%.

Within Transportation sector 3 other companies have achieved higher interest coverage ratio during the Q2 2023. While interest coverage ratio total ranking has deteriorated in the second quarter 2023 compare to the first quarter 2023 from 12 to 342.

What is Interest Coverage Ratio?
Source of Fedex Corporation sales

Interest Coverage Company Ranking
Within: No.
Industry # 3
Sector # 4
S&P 500 # 342


Interest Coverage Statistics
High Average Low
141.03
46.65
6.74
(Aug. 31, 2012)   (Feb 29 2020)





Financial Statements
Fedex's Interest expense $ 97 Millions Visit FDX's Income Statement
Fedex's Ebitda $ 2,339 Millions Visit FDX's Income Statement
Where are FDX's Sales coming from? Visit FDX's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Nov 30 2023, within Transportation Sector Interest Coverage Ratio EBITDA 12 months ending Nov 30 2023Interest net 12 months ending Nov 30 2023
Delta Air Lines Inc   8.53 $ 7,115.000  Millions$ 834.000  Millions
Covenant Logistics Group Inc   8.07 $ 64.273  Millions$ 7.967  Millions

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



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