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FedEx Corp. (FDX)
Liquidity Analysis
Difficulty: Beginner
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Ratios (Summary)
FedEx Corp., liquidity ratios
| May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | ||
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| Current ratio | |
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| Quick ratio | |
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| Cash ratio | |
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Based on: 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14).
| Ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | FedEx Corp.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | FedEx Corp.’s quick ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | FedEx Corp.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Current Ratio
FedEx Corp., current ratio calculation, comparison to benchmarks
| May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | ||
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| Selected Financial Data (USD $ in millions) | |||||||
| Current assets | |
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| Current liabilities | |
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| Ratio | |||||||
| Current ratio1 | |
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| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| CSX Corp. | |
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| Union Pacific Corp. | |
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| United Parcel Service Inc. | |
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| Current Ratio, Sector | |||||||
| Industrial Transportation | |
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| Current Ratio, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14).
1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | FedEx Corp.’s current ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
Quick Ratio
FedEx Corp., quick ratio calculation, comparison to benchmarks
| May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Cash and cash equivalents | |
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| Receivables, less allowances | |
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| Total quick assets | |
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| Current liabilities | |
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| Ratio | |||||||
| Quick ratio1 | |
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| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| CSX Corp. | |
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| Union Pacific Corp. | |
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| United Parcel Service Inc. | |
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| Quick Ratio, Sector | |||||||
| Industrial Transportation | |
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| Quick Ratio, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14).
1 2019 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| 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.’s quick ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
Cash Ratio
FedEx Corp., cash ratio calculation, comparison to benchmarks
| May 31, 2019 | May 31, 2018 | May 31, 2017 | May 31, 2016 | May 31, 2015 | May 31, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Cash and cash equivalents | |
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| Total cash assets | |
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| Current liabilities | |
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| Ratio | |||||||
| Cash ratio1 | |
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| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| CSX Corp. | |
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| Union Pacific Corp. | |
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| United Parcel Service Inc. | |
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| Cash Ratio, Sector | |||||||
| Industrial Transportation | |
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| Cash Ratio, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14).
1 2019 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | FedEx Corp.’s cash ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |