Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

FedEx Corp. (NYSE:FDX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity ratios measure the company’s ability to meet its short-term obligations.

Liquidity Ratios (Summary)

FedEx Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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
Current ratio 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
Quick ratio 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
Cash ratio 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

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)

Microsoft Excel LibreOffice Calc
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
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)

Microsoft Excel LibreOffice Calc
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
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)

Microsoft Excel LibreOffice Calc
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
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.