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FedEx Corp. pages available for free this week:
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
Debt item | Description | The company |
---|---|---|
Total long-term debt, including current maturities (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | FedEx Corp. total debt increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
Total Debt (Fair Value)
May 31, 2024 | |
---|---|
Selected Financial Data (US$ in millions) | |
Long-term debt, including current maturities and exclusive of finance leases | |
Finance lease obligations | |
Total long-term debt, including current maturities (fair value) | |
Financial Ratio | |
Debt, fair value to carrying amount ratio |
Based on: 10-K (reporting date: 2024-05-31).
Weighted-average Interest Rate on Debt
Weighted average interest rate on long-term debt:
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
Total | |||
Based on: 10-K (reporting date: 2024-05-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =
Interest Costs Incurred
12 months ended: | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest expense | |||||||||||||
Capitalized interest | |||||||||||||
Interest costs incurred |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
Debt item | Description | The company |
---|---|---|
Interest expense | Amount of the cost of borrowed funds accounted for as interest expense for debt. | FedEx Corp. interest expense increased from 2022 to 2023 and from 2023 to 2024. |
Capitalized interest | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | FedEx Corp. capitalized interest increased from 2022 to 2023 and from 2023 to 2024. |
Interest costs incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | FedEx Corp. interest costs incurred increased from 2022 to 2023 and from 2023 to 2024. |
Adjusted Interest Coverage Ratio
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
2024 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
= ÷ =
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs incurred
= ÷ =
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | FedEx Corp. adjusted interest coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |