Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company’s ability to meet its short-term obligations.
Liquidity Ratios (Summary)
FedEx Corp., liquidity ratios (quarterly data)
Based on: 10-Q (filing date: 2020-12-17), 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-07-20), 10-Q (filing date: 2020-03-17), 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | FedEx Corp.’s current ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | FedEx Corp.’s quick ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | FedEx Corp.’s cash ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |
Current Ratio
FedEx Corp., current ratio calculation (quarterly data)
Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Current assets | 21,265 | 18,903 | 16,383 | 12,541 | 13,198 | 13,017 | 13,086 | 13,500 | 13,438 | 12,641 | 13,341 | 13,575 | 12,881 | 12,722 | 12,628 | 11,938 | 12,052 | 11,401 | 11,989 | 10,237 | 11,152 | 10,703 | 10,941 | 10,482 | 9,212 | 9,250 | ||||||||
Current liabilities | 12,115 | 11,195 | 10,344 | 10,325 | 10,547 | 9,935 | 9,013 | 9,256 | 9,496 | 9,606 | 9,627 | 9,503 | 8,227 | 7,790 | 7,918 | 7,450 | 7,807 | 7,474 | 8,008 | 5,939 | 5,951 | 5,844 | 5,957 | 5,243 | 5,173 | 5,153 | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Current ratio1 | 1.76 | 1.69 | 1.58 | 1.21 | 1.25 | 1.31 | 1.45 | 1.46 | 1.42 | 1.32 | 1.39 | 1.43 | 1.57 | 1.63 | 1.59 | 1.60 | 1.54 | 1.53 | 1.50 | 1.72 | 1.87 | 1.83 | 1.84 | 2.00 | 1.78 | 1.80 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
CSX Corp. | — | — | — | 1.84 | 1.62 | 1.73 | 1.52 | 1.41 | 1.55 | 1.81 | 1.34 | 1.43 | 1.66 | 1.87 | 1.01 | 1.05 | 1.57 | 1.17 | 1.22 | 0.96 | 0.98 | 1.54 | 1.52 | 1.30 | 1.50 | 1.21 | ||||||||
Norfolk Southern Corp. | — | — | — | 1.29 | 1.21 | 0.90 | 0.90 | 0.73 | 0.78 | 0.67 | 0.72 | 0.86 | 0.81 | 1.04 | 0.84 | 0.83 | 0.83 | 0.95 | 0.98 | 1.04 | 1.06 | 1.07 | 1.18 | 0.85 | 1.10 | 1.01 | ||||||||
Union Pacific Corp. | — | — | — | 1.06 | 0.96 | 0.82 | 0.79 | 0.89 | 0.72 | 0.75 | 0.90 | 1.06 | 1.03 | 0.82 | 1.02 | 1.16 | 1.14 | 0.93 | 0.99 | 1.41 | 1.48 | 1.55 | 1.29 | 1.12 | 1.46 | 1.32 | ||||||||
United Parcel Service Inc. | — | — | — | 1.29 | 1.24 | 1.22 | 1.11 | 1.11 | 1.09 | 1.13 | 1.15 | 1.14 | 1.21 | 1.22 | 1.22 | 1.06 | 1.12 | 1.01 | 1.18 | 1.18 | 1.32 | 1.25 | 1.23 | 1.14 | 1.34 | 1.31 |
Based on: 10-Q (filing date: 2020-12-17), 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-07-20), 10-Q (filing date: 2020-03-17), 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18).
1 Q2 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,265 ÷ 12,115 = 1.76
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.’s current ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |
Quick Ratio
FedEx Corp., quick ratio calculation (quarterly data)
Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 8,339 | 6,954 | 4,881 | 1,766 | 2,031 | 2,389 | 2,319 | 2,872 | 2,123 | 2,369 | 3,265 | 2,789 | 2,768 | 3,503 | 3,969 | 3,173 | 3,059 | 2,989 | 3,534 | 2,841 | 3,647 | 3,543 | 3,763 | 3,478 | 2,266 | 2,416 | ||||||||
Receivables, less allowances | 11,417 | 10,508 | 10,102 | 9,323 | 9,709 | 9,312 | 9,116 | 9,037 | 9,573 | 8,716 | 8,481 | 8,671 | 8,655 | 8,006 | 7,599 | 7,418 | 7,575 | 7,233 | 7,252 | 5,634 | 5,865 | 5,617 | 5,719 | 5,584 | 5,592 | 5,487 | ||||||||
Total quick assets | 19,756 | 17,462 | 14,983 | 11,089 | 11,740 | 11,701 | 11,435 | 11,909 | 11,696 | 11,085 | 11,746 | 11,460 | 11,423 | 11,509 | 11,568 | 10,591 | 10,634 | 10,222 | 10,786 | 8,475 | 9,512 | 9,160 | 9,482 | 9,062 | 7,858 | 7,903 | ||||||||
Current liabilities | 12,115 | 11,195 | 10,344 | 10,325 | 10,547 | 9,935 | 9,013 | 9,256 | 9,496 | 9,606 | 9,627 | 9,503 | 8,227 | 7,790 | 7,918 | 7,450 | 7,807 | 7,474 | 8,008 | 5,939 | 5,951 | 5,844 | 5,957 | 5,243 | 5,173 | 5,153 | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Quick ratio1 | 1.63 | 1.56 | 1.45 | 1.07 | 1.11 | 1.18 | 1.27 | 1.29 | 1.23 | 1.15 | 1.22 | 1.21 | 1.39 | 1.48 | 1.46 | 1.42 | 1.36 | 1.37 | 1.35 | 1.43 | 1.60 | 1.57 | 1.59 | 1.73 | 1.52 | 1.53 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
CSX Corp. | — | — | — | 1.69 | 1.47 | 1.58 | 1.37 | 1.30 | 1.38 | 1.62 | 1.11 | 1.22 | 1.41 | 1.60 | 0.73 | 0.81 | 1.26 | 0.95 | 0.96 | 0.74 | 0.76 | 1.20 | 1.24 | 1.02 | 1.20 | 0.94 | ||||||||
Norfolk Southern Corp. | — | — | — | 1.12 | 1.02 | 0.67 | 0.65 | 0.52 | 0.54 | 0.51 | 0.53 | 0.73 | 0.62 | 0.86 | 0.65 | 0.70 | 0.67 | 0.80 | 0.81 | 0.87 | 0.88 | 0.85 | 0.92 | 0.65 | 0.88 | 0.74 | ||||||||
Union Pacific Corp. | — | — | — | 0.87 | 0.79 | 0.62 | 0.57 | 0.65 | 0.52 | 0.53 | 0.67 | 0.82 | 0.76 | 0.57 | 0.73 | 0.88 | 0.80 | 0.63 | 0.71 | 1.10 | 1.14 | 1.23 | 0.86 | 0.74 | 1.04 | 0.93 | ||||||||
United Parcel Service Inc. | — | — | — | 1.18 | 1.13 | 1.11 | 0.99 | 0.97 | 0.94 | 0.96 | 0.99 | 1.01 | 1.07 | 1.06 | 1.01 | 0.94 | 1.01 | 0.89 | 1.05 | 1.07 | 1.18 | 1.13 | 1.11 | 0.99 | 1.15 | 1.14 |
Based on: 10-Q (filing date: 2020-12-17), 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-07-20), 10-Q (filing date: 2020-03-17), 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18).
1 Q2 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 19,756 ÷ 12,115 = 1.63
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.’s quick ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |
Cash Ratio
FedEx Corp., cash ratio calculation (quarterly data)
Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | May 31, 2018 | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | |||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
Cash and cash equivalents | 8,339 | 6,954 | 4,881 | 1,766 | 2,031 | 2,389 | 2,319 | 2,872 | 2,123 | 2,369 | 3,265 | 2,789 | 2,768 | 3,503 | 3,969 | 3,173 | 3,059 | 2,989 | 3,534 | 2,841 | 3,647 | 3,543 | 3,763 | 3,478 | 2,266 | 2,416 | ||||||||
Total cash assets | 8,339 | 6,954 | 4,881 | 1,766 | 2,031 | 2,389 | 2,319 | 2,872 | 2,123 | 2,369 | 3,265 | 2,789 | 2,768 | 3,503 | 3,969 | 3,173 | 3,059 | 2,989 | 3,534 | 2,841 | 3,647 | 3,543 | 3,763 | 3,478 | 2,266 | 2,416 | ||||||||
Current liabilities | 12,115 | 11,195 | 10,344 | 10,325 | 10,547 | 9,935 | 9,013 | 9,256 | 9,496 | 9,606 | 9,627 | 9,503 | 8,227 | 7,790 | 7,918 | 7,450 | 7,807 | 7,474 | 8,008 | 5,939 | 5,951 | 5,844 | 5,957 | 5,243 | 5,173 | 5,153 | ||||||||
Liquidity Ratio | ||||||||||||||||||||||||||||||||||
Cash ratio1 | 0.69 | 0.62 | 0.47 | 0.17 | 0.19 | 0.24 | 0.26 | 0.31 | 0.22 | 0.25 | 0.34 | 0.29 | 0.34 | 0.45 | 0.50 | 0.43 | 0.39 | 0.40 | 0.44 | 0.48 | 0.61 | 0.61 | 0.63 | 0.66 | 0.44 | 0.47 | ||||||||
Benchmarks | ||||||||||||||||||||||||||||||||||
Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
CSX Corp. | — | — | — | 1.26 | 1.11 | 1.12 | 0.91 | 0.91 | 0.84 | 1.04 | 0.58 | 0.66 | 0.81 | 1.05 | 0.22 | 0.34 | 0.66 | 0.53 | 0.50 | 0.33 | 0.36 | 0.65 | 0.74 | 0.50 | 0.63 | 0.40 | ||||||||
Norfolk Southern Corp. | — | — | — | 0.68 | 0.59 | 0.27 | 0.25 | 0.16 | 0.11 | 0.14 | 0.14 | 0.30 | 0.18 | 0.45 | 0.27 | 0.30 | 0.27 | 0.39 | 0.41 | 0.44 | 0.41 | 0.32 | 0.49 | 0.18 | 0.40 | 0.25 | ||||||||
Union Pacific Corp. | — | — | — | 0.55 | 0.52 | 0.26 | 0.20 | 0.29 | 0.20 | 0.21 | 0.29 | 0.42 | 0.39 | 0.24 | 0.35 | 0.51 | 0.40 | 0.30 | 0.37 | 0.69 | 0.70 | 0.81 | 0.43 | 0.31 | 0.60 | 0.47 | ||||||||
United Parcel Service Inc. | — | — | — | 0.60 | 0.57 | 0.60 | 0.37 | 0.35 | 0.35 | 0.39 | 0.36 | 0.40 | 0.43 | 0.38 | 0.32 | 0.37 | 0.42 | 0.33 | 0.39 | 0.49 | 0.57 | 0.56 | 0.44 | 0.48 | 0.60 | 0.60 |
Based on: 10-Q (filing date: 2020-12-17), 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-07-20), 10-Q (filing date: 2020-03-17), 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18).
1 Q2 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,339 ÷ 12,115 = 0.69
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.’s cash ratio improved from Q4 2020 to Q1 2021 and from Q1 2021 to Q2 2021. |