Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Based on: 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), 10-K (reporting date: 2018-05-31).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | FedEx Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | FedEx Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | FedEx Corp. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Current Ratio
May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current assets | 18,610) | 20,365) | 20,580) | 16,383) | 13,086) | 13,341) | |
Current liabilities | 13,586) | 14,274) | 13,660) | 10,344) | 9,013) | 9,627) | |
Liquidity Ratio | |||||||
Current ratio1 | 1.37 | 1.43 | 1.51 | 1.58 | 1.45 | 1.39 | |
Benchmarks | |||||||
Current Ratio, Competitors2 | |||||||
Uber Technologies Inc. | 1.19 | 1.04 | 0.98 | 1.44 | 2.47 | — | |
Union Pacific Corp. | 0.81 | 0.72 | 0.62 | 1.01 | 0.79 | — | |
United Parcel Service Inc. | 1.10 | 1.22 | 1.42 | 1.19 | 1.11 | — | |
Current Ratio, Sector | |||||||
Transportation | 1.17 | 1.19 | 1.26 | 1.32 | 1.38 | — | |
Current Ratio, Industry | |||||||
Industrials | 1.17 | 1.21 | 1.32 | 1.43 | 1.19 | — |
Based on: 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), 10-K (reporting date: 2018-05-31).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,610 ÷ 13,586 = 1.37
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | FedEx Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Quick Ratio
May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Cash and cash equivalents | 6,856) | 6,897) | 7,087) | 4,881) | 2,319) | 3,265) | |
Receivables, less allowances | 10,188) | 11,863) | 12,069) | 10,102) | 9,116) | 8,481) | |
Total quick assets | 17,044) | 18,760) | 19,156) | 14,983) | 11,435) | 11,746) | |
Current liabilities | 13,586) | 14,274) | 13,660) | 10,344) | 9,013) | 9,627) | |
Liquidity Ratio | |||||||
Quick ratio1 | 1.25 | 1.31 | 1.40 | 1.45 | 1.27 | 1.22 | |
Benchmarks | |||||||
Quick Ratio, Competitors2 | |||||||
Uber Technologies Inc. | 1.02 | 0.88 | 0.82 | 1.19 | 2.24 | — | |
Union Pacific Corp. | 0.61 | 0.52 | 0.47 | 0.79 | 0.56 | — | |
United Parcel Service Inc. | 0.98 | 1.11 | 1.32 | 1.00 | 0.99 | — | |
Quick Ratio, Sector | |||||||
Transportation | 1.03 | 1.06 | 1.14 | 1.13 | 1.21 | — | |
Quick Ratio, Industry | |||||||
Industrials | 0.65 | 0.70 | 0.79 | 0.88 | 0.71 | — |
Based on: 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), 10-K (reporting date: 2018-05-31).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 17,044 ÷ 13,586 = 1.25
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | FedEx Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Cash Ratio
May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Cash and cash equivalents | 6,856) | 6,897) | 7,087) | 4,881) | 2,319) | 3,265) | |
Total cash assets | 6,856) | 6,897) | 7,087) | 4,881) | 2,319) | 3,265) | |
Current liabilities | 13,586) | 14,274) | 13,660) | 10,344) | 9,013) | 9,627) | |
Liquidity Ratio | |||||||
Cash ratio1 | 0.50 | 0.48 | 0.52 | 0.47 | 0.26 | 0.34 | |
Benchmarks | |||||||
Cash Ratio, Competitors2 | |||||||
Uber Technologies Inc. | 0.66 | 0.56 | 0.55 | 1.03 | 2.02 | — | |
Union Pacific Corp. | 0.21 | 0.18 | 0.17 | 0.43 | 0.19 | — | |
United Parcel Service Inc. | 0.34 | 0.42 | 0.60 | 0.37 | 0.37 | — | |
Cash Ratio, Sector | |||||||
Transportation | 0.44 | 0.44 | 0.51 | 0.52 | 0.59 | — | |
Cash Ratio, Industry | |||||||
Industrials | 0.26 | 0.29 | 0.36 | 0.46 | 0.34 | — |
Based on: 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), 10-K (reporting date: 2018-05-31).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,856 ÷ 13,586 = 0.50
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | FedEx Corp. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |