Paying users zone. Data is covered by 
.
Get 1 month access to FedEx Corp. for $15.99, or
get full access to entire website for at least 3 months from $49.99.
We accept:
FedEx Corp. (FDX)
Long-term Debt and Solvency Analysis
Difficulty: Beginner
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Ratios (Summary)
FedEx Corp., debt and solvency ratios
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 |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | FedEx Corp.’s debt to equity ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | FedEx Corp.’s debt to capital ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | FedEx Corp.’s debt to assets ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | FedEx Corp.’s financial leverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | FedEx Corp.’s interest coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | FedEx Corp.’s fixed charge coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Debt to Equity
FedEx Corp., debt to equity calculation, comparison to benchmarks
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).
2019 Calculations
1 Debt to equity = Total debt ÷ Common stockholders’ investment
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | FedEx Corp.’s debt to equity ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Debt to Capital
FedEx Corp., debt to capital calculation, comparison to benchmarks
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).
2019 Calculations
1 Debt to capital = Total debt ÷ Total capital
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | FedEx Corp.’s debt to capital ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Debt to Assets
FedEx Corp., debt to assets calculation, comparison to benchmarks
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).
2019 Calculations
1 Debt to assets = Total debt ÷ Total assets
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | FedEx Corp.’s debt to assets ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Financial Leverage
FedEx Corp., financial leverage calculation, comparison to benchmarks
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).
2019 Calculations
1 Financial leverage = Total assets ÷ Common stockholders’ investment
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | FedEx Corp.’s financial leverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Interest Coverage
FedEx Corp., interest coverage calculation, comparison to benchmarks
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).
2019 Calculations
1 Interest coverage = EBIT ÷ Interest expense
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | FedEx Corp.’s interest coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Fixed Charge Coverage
FedEx Corp., fixed charge coverage calculation, comparison to benchmarks
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).
2019 Calculations
1 Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | FedEx Corp.’s fixed charge coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |