FedEx Corp. (FDX)


Analysis of Liquidity Ratios
Quarterly Data

Low level of difficulty


Liquidity Ratios (Summary)

FedEx Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 May 31, 2014 Feb 28, 2014 Nov 30, 2013 Aug 31, 2013
Current ratio 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 1.82 1.95 2.01 2.08
Quick ratio 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 1.58 1.64 1.72 1.83
Cash ratio 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 0.55 0.61 0.73 0.92

Based on: 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), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.

Current Ratio

FedEx Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 May 31, 2014 Feb 28, 2014 Nov 30, 2013 Aug 31, 2013
Selected Financial Data (US$ in millions)
Current assets 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  9,683  9,781  10,866  11,493 
Current liabilities 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  5,312  5,019  5,406  5,523 
Liquidity Ratio
Current ratio1 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 1.82 1.95 2.01 2.08
Benchmarks
Current Ratio, Competitors2
CSX Corp. 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 1.22 1.20 0.85 1.03
Union Pacific Corp. 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 1.24 1.25 1.19 1.12
United Parcel Service Inc. 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 1.37 1.46 1.48 1.59

Based on: 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), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).

1 Q1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,017 ÷ 9,935 = 1.31

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.

Quick Ratio

FedEx Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 May 31, 2014 Feb 28, 2014 Nov 30, 2013 Aug 31, 2013
Selected Financial Data (US$ in millions)
Cash and cash equivalents 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  2,908  3,042  3,935  5,096 
Receivables, less allowances 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  5,460  5,197  5,377  4,990 
Total quick assets 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  8,368  8,239  9,312  10,086 
 
Current liabilities 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  5,312  5,019  5,406  5,523 
Liquidity Ratio
Quick ratio1 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 1.58 1.64 1.72 1.83
Benchmarks
Quick Ratio, Competitors2
CSX Corp. 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 0.99 0.98 0.66 0.81
Union Pacific Corp. 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 0.85 0.92 0.85 0.81
United Parcel Service Inc. 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 1.15 1.25 1.25 1.40

Based on: 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), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).

1 Q1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 11,701 ÷ 9,935 = 1.18

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.

Cash Ratio

FedEx Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 May 31, 2014 Feb 28, 2014 Nov 30, 2013 Aug 31, 2013
Selected Financial Data (US$ in millions)
Cash and cash equivalents 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  2,908  3,042  3,935  5,096 
Total cash assets 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  2,908  3,042  3,935  5,096 
 
Current liabilities 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  5,312  5,019  5,406  5,523 
Liquidity Ratio
Cash ratio1 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 0.55 0.61 0.73 0.92
Benchmarks
Cash Ratio, Competitors2
CSX Corp. 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 0.46 0.47 0.28 0.33
Union Pacific Corp. 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 0.42 0.49 0.41 0.44
United Parcel Service Inc. 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 0.38 0.61 0.55 0.77

Based on: 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), 10-K (filing date: 2014-07-14), 10-Q (filing date: 2014-03-20), 10-Q (filing date: 2013-12-19), 10-Q (filing date: 2013-09-19).

1 Q1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,389 ÷ 9,935 = 0.24

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.