Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | FedEx Corp. debt to equity ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | FedEx Corp. debt to equity ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | FedEx Corp. debt to capital ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | FedEx Corp. debt to capital ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | FedEx Corp. debt to assets ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | FedEx Corp. debt to assets ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | FedEx Corp. financial leverage ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Equity
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Common stockholders’ investment | 24,526 | 24,940 | 24,321 | 24,168 | 21,981 | 21,039 | 19,462 | 18,295 | 18,831 | 18,659 | 18,166 | 17,757 | 19,894 | 19,294 | 19,173 | 19,416 | 18,894 | 17,055 | 16,618 | 16,073 | 15,184 | 14,531 | 14,142 | 13,784 | 14,327 | 14,990 | 15,283 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to equity1 | 0.84 | 0.82 | 0.85 | 0.86 | 1.07 | 1.11 | 1.20 | 1.20 | 1.03 | 1.01 | 1.03 | 0.99 | 0.93 | 0.90 | 0.88 | 0.85 | 0.93 | 0.91 | 0.91 | 0.93 | 0.97 | 0.94 | 0.97 | 1.01 | 0.59 | 0.57 | 0.47 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | 157.71 | — | — | — | — | — | — | 6.38 | 6.25 | 6.69 | 7.10 | — | — | — | — | ||||||||
CSX Corp. | — | — | 1.24 | 1.21 | 1.25 | 1.22 | 1.24 | 1.28 | 1.30 | 1.36 | 1.41 | 1.37 | 1.41 | 1.28 | 1.27 | 1.17 | 1.00 | 0.98 | 0.96 | 0.80 | 1.08 | 1.02 | 0.97 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 8.54 | 6.93 | 10.67 | 22.68 | 60.26 | 19.01 | 10.39 | 2.84 | 1.19 | 0.73 | 0.67 | 0.72 | 0.83 | 0.71 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | — | — | — | — | ||||||||
Norfolk Southern Corp. | — | — | 1.10 | 1.01 | 1.00 | 0.96 | 0.86 | 0.86 | 0.85 | 0.85 | 0.82 | 0.80 | 0.78 | 0.75 | 0.74 | 0.73 | 0.72 | 0.58 | 0.63 | 0.60 | 0.78 | 0.78 | 0.81 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 2.71 | 2.10 | 2.11 | 2.01 | 1.64 | 1.58 | 1.63 | 1.73 | 1.74 | 1.39 | 1.43 | 1.39 | 1.42 | 1.10 | 1.09 | 1.15 | 0.72 | 0.68 | 0.88 | 0.80 | 0.76 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 1.42 | 1.54 | 1.84 | 2.09 | 3.32 | 37.53 | 4.60 | 6.18 | 8.67 | 7.73 | 4.30 | 5.31 | 6.68 | 7.53 | 7.52 | 9.76 | 17.18 | 24.29 | 12.53 | 14.53 | 32.22 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Common stockholders’ investment
= 20,509 ÷ 24,526 = 0.84
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | FedEx Corp. debt to equity ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Debt to Equity (including Operating Lease Liability)
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Current portion of operating lease liabilities | 2,395 | 2,371 | 2,263 | 2,208 | 2,133 | 2,123 | 2,024 | 1,923 | 1,902 | 1,928 | 1,896 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Operating lease liabilities, less current portion | 14,450 | 13,955 | 13,382 | 13,375 | 12,990 | 13,009 | 12,714 | 12,195 | 12,232 | 12,432 | 12,137 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 37,354 | 36,829 | 36,324 | 36,462 | 38,566 | 38,450 | 38,029 | 36,121 | 33,442 | 33,217 | 32,794 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Common stockholders’ investment | 24,526 | 24,940 | 24,321 | 24,168 | 21,981 | 21,039 | 19,462 | 18,295 | 18,831 | 18,659 | 18,166 | 17,757 | 19,894 | 19,294 | 19,173 | 19,416 | 18,894 | 17,055 | 16,618 | 16,073 | 15,184 | 14,531 | 14,142 | 13,784 | 14,327 | 14,990 | 15,283 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to equity (including operating lease liability)1 | 1.52 | 1.48 | 1.49 | 1.51 | 1.75 | 1.83 | 1.95 | 1.97 | 1.78 | 1.78 | 1.81 | 0.99 | 0.93 | 0.90 | 0.88 | 0.85 | 0.93 | 0.91 | 0.91 | 0.93 | 0.97 | 0.94 | 0.97 | 1.01 | 0.59 | 0.57 | 0.47 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | 215.25 | — | — | — | — | — | — | 6.38 | 6.25 | 6.69 | 7.10 | — | — | — | — | ||||||||
CSX Corp. | — | — | 1.28 | 1.25 | 1.28 | 1.25 | 1.28 | 1.31 | 1.33 | 1.40 | 1.45 | 1.41 | 1.45 | 1.33 | 1.31 | 1.17 | 1.00 | 0.98 | 0.96 | 0.80 | 1.08 | 1.02 | 0.97 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 11.20 | 8.92 | 13.12 | 27.57 | 73.16 | 23.17 | 12.34 | 3.54 | 1.61 | 1.12 | 1.09 | 1.17 | 1.36 | 1.21 | 0.68 | 0.77 | 0.69 | 0.64 | 0.63 | 0.67 | 0.71 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 2.82 | 2.20 | 2.20 | 2.10 | 1.71 | 1.65 | 1.71 | 1.81 | 1.83 | 1.47 | 1.51 | 1.48 | 1.51 | 1.10 | 1.09 | 1.15 | 0.72 | 0.68 | 0.88 | 0.80 | 0.76 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 1.65 | 1.79 | 2.13 | 2.42 | 3.75 | 42.24 | 5.14 | 6.86 | 9.58 | 8.62 | 4.76 | 5.88 | 7.43 | 7.53 | 7.52 | 9.76 | 17.18 | 24.29 | 12.53 | 14.53 | 32.22 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Common stockholders’ investment
= 37,354 ÷ 24,526 = 1.52
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | FedEx Corp. debt to equity ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Debt to Capital
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Common stockholders’ investment | 24,526 | 24,940 | 24,321 | 24,168 | 21,981 | 21,039 | 19,462 | 18,295 | 18,831 | 18,659 | 18,166 | 17,757 | 19,894 | 19,294 | 19,173 | 19,416 | 18,894 | 17,055 | 16,618 | 16,073 | 15,184 | 14,531 | 14,142 | 13,784 | 14,327 | 14,990 | 15,283 | ||||||||
Total capital | 45,035 | 45,443 | 45,000 | 45,047 | 45,424 | 44,357 | 42,753 | 40,298 | 38,139 | 37,516 | 36,927 | 35,338 | 38,310 | 36,585 | 36,117 | 36,001 | 36,474 | 32,496 | 31,774 | 31,004 | 29,942 | 28,127 | 27,924 | 27,651 | 22,815 | 23,485 | 22,541 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to capital1 | 0.46 | 0.45 | 0.46 | 0.46 | 0.52 | 0.53 | 0.54 | 0.55 | 0.51 | 0.50 | 0.51 | 0.50 | 0.48 | 0.47 | 0.47 | 0.46 | 0.48 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 | 0.49 | 0.50 | 0.37 | 0.36 | 0.32 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | 1.31 | 1.24 | 1.24 | 1.24 | 1.25 | 1.27 | 1.20 | 1.11 | 1.12 | 1.00 | 0.99 | 1.00 | 1.03 | 1.01 | 1.02 | 1.04 | 1.04 | 0.86 | 0.86 | 0.87 | 0.88 | — | — | — | — | ||||||||
CSX Corp. | — | — | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.56 | 0.56 | 0.58 | 0.58 | 0.58 | 0.59 | 0.56 | 0.56 | 0.54 | 0.50 | 0.50 | 0.49 | 0.45 | 0.52 | 0.51 | 0.49 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 0.90 | 0.87 | 0.91 | 0.96 | 0.98 | 0.95 | 0.91 | 0.74 | 0.54 | 0.42 | 0.40 | 0.42 | 0.45 | 0.42 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | — | — | — | — | ||||||||
Norfolk Southern Corp. | — | — | 0.52 | 0.50 | 0.50 | 0.49 | 0.46 | 0.46 | 0.46 | 0.46 | 0.45 | 0.45 | 0.44 | 0.43 | 0.43 | 0.42 | 0.42 | 0.37 | 0.39 | 0.38 | 0.44 | 0.44 | 0.45 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 0.73 | 0.68 | 0.68 | 0.67 | 0.62 | 0.61 | 0.62 | 0.63 | 0.64 | 0.58 | 0.59 | 0.58 | 0.59 | 0.52 | 0.52 | 0.53 | 0.42 | 0.41 | 0.47 | 0.45 | 0.43 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 0.59 | 0.61 | 0.65 | 0.68 | 0.77 | 0.97 | 0.82 | 0.86 | 0.90 | 0.89 | 0.81 | 0.84 | 0.87 | 0.88 | 0.88 | 0.91 | 0.94 | 0.96 | 0.93 | 0.94 | 0.97 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 20,509 ÷ 45,035 = 0.46
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | FedEx Corp. debt to capital ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Debt to Capital (including Operating Lease Liability)
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Current portion of operating lease liabilities | 2,395 | 2,371 | 2,263 | 2,208 | 2,133 | 2,123 | 2,024 | 1,923 | 1,902 | 1,928 | 1,896 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Operating lease liabilities, less current portion | 14,450 | 13,955 | 13,382 | 13,375 | 12,990 | 13,009 | 12,714 | 12,195 | 12,232 | 12,432 | 12,137 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 37,354 | 36,829 | 36,324 | 36,462 | 38,566 | 38,450 | 38,029 | 36,121 | 33,442 | 33,217 | 32,794 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Common stockholders’ investment | 24,526 | 24,940 | 24,321 | 24,168 | 21,981 | 21,039 | 19,462 | 18,295 | 18,831 | 18,659 | 18,166 | 17,757 | 19,894 | 19,294 | 19,173 | 19,416 | 18,894 | 17,055 | 16,618 | 16,073 | 15,184 | 14,531 | 14,142 | 13,784 | 14,327 | 14,990 | 15,283 | ||||||||
Total capital (including operating lease liability) | 61,880 | 61,769 | 60,645 | 60,630 | 60,547 | 59,489 | 57,491 | 54,416 | 52,273 | 51,876 | 50,960 | 35,338 | 38,310 | 36,585 | 36,117 | 36,001 | 36,474 | 32,496 | 31,774 | 31,004 | 29,942 | 28,127 | 27,924 | 27,651 | 22,815 | 23,485 | 22,541 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to capital (including operating lease liability)1 | 0.60 | 0.60 | 0.60 | 0.60 | 0.64 | 0.65 | 0.66 | 0.66 | 0.64 | 0.64 | 0.64 | 0.50 | 0.48 | 0.47 | 0.47 | 0.46 | 0.48 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 | 0.49 | 0.50 | 0.37 | 0.36 | 0.32 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | 1.24 | 1.19 | 1.19 | 1.19 | 1.20 | 1.20 | 1.15 | 1.09 | 1.08 | 1.00 | 1.00 | 1.00 | 1.02 | 1.00 | 1.02 | 1.04 | 1.04 | 0.86 | 0.86 | 0.87 | 0.88 | — | — | — | — | ||||||||
CSX Corp. | — | — | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.57 | 0.57 | 0.58 | 0.59 | 0.59 | 0.59 | 0.57 | 0.57 | 0.54 | 0.50 | 0.50 | 0.49 | 0.45 | 0.52 | 0.51 | 0.49 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 0.92 | 0.90 | 0.93 | 0.97 | 0.99 | 0.96 | 0.93 | 0.78 | 0.62 | 0.53 | 0.52 | 0.54 | 0.58 | 0.55 | 0.40 | 0.44 | 0.41 | 0.39 | 0.39 | 0.40 | 0.42 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 0.74 | 0.69 | 0.69 | 0.68 | 0.63 | 0.62 | 0.63 | 0.64 | 0.65 | 0.60 | 0.60 | 0.60 | 0.60 | 0.52 | 0.52 | 0.53 | 0.42 | 0.41 | 0.47 | 0.45 | 0.43 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 0.62 | 0.64 | 0.68 | 0.71 | 0.79 | 0.98 | 0.84 | 0.87 | 0.91 | 0.90 | 0.83 | 0.85 | 0.88 | 0.88 | 0.88 | 0.91 | 0.94 | 0.96 | 0.93 | 0.94 | 0.97 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 37,354 ÷ 61,880 = 0.60
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | FedEx Corp. debt to capital ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Debt to Assets
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Total assets | 84,108 | 84,247 | 82,048 | 82,777 | 82,793 | 81,156 | 77,648 | 73,537 | 70,014 | 69,954 | 68,452 | 54,403 | 54,464 | 53,289 | 51,901 | 52,330 | 51,851 | 50,281 | 49,350 | 48,552 | 46,781 | 46,348 | 45,575 | 46,064 | 37,819 | 38,371 | 37,245 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to assets1 | 0.24 | 0.24 | 0.25 | 0.25 | 0.28 | 0.29 | 0.30 | 0.30 | 0.28 | 0.27 | 0.27 | 0.32 | 0.34 | 0.32 | 0.33 | 0.32 | 0.34 | 0.31 | 0.31 | 0.31 | 0.32 | 0.29 | 0.30 | 0.30 | 0.22 | 0.22 | 0.19 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | 0.56 | 0.57 | 0.56 | 0.55 | 0.58 | 0.53 | 0.52 | 0.48 | 0.43 | 0.41 | 0.41 | 0.41 | 0.40 | 0.40 | 0.47 | 0.46 | 0.46 | 0.49 | 0.47 | 0.47 | 0.47 | — | — | — | — | ||||||||
CSX Corp. | — | — | 0.40 | 0.40 | 0.41 | 0.41 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.42 | 0.43 | 0.42 | 0.41 | 0.40 | 0.37 | 0.37 | 0.37 | 0.33 | 0.33 | 0.33 | 0.32 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 0.35 | 0.37 | 0.38 | 0.39 | 0.40 | 0.40 | 0.44 | 0.34 | 0.25 | 0.17 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | — | — | — | — | ||||||||
Norfolk Southern Corp. | — | — | 0.38 | 0.36 | 0.36 | 0.35 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.32 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 0.50 | 0.47 | 0.47 | 0.46 | 0.43 | 0.43 | 0.44 | 0.45 | 0.45 | 0.41 | 0.42 | 0.41 | 0.41 | 0.38 | 0.38 | 0.39 | 0.30 | 0.29 | 0.29 | 0.28 | 0.27 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 0.31 | 0.32 | 0.34 | 0.35 | 0.37 | 0.40 | 0.41 | 0.43 | 0.47 | 0.44 | 0.45 | 0.44 | 0.44 | 0.45 | 0.50 | 0.50 | 0.52 | 0.53 | 0.46 | 0.45 | 0.45 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 20,509 ÷ 84,108 = 0.24
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | FedEx Corp. debt to assets ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022. |
Debt to Assets (including Operating Lease Liability)
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Short-term borrowings | — | — | — | — | — | — | — | — | 300 | 150 | — | — | 225 | 250 | 299 | — | 799 | 250 | — | — | — | — | — | — | — | — | — | ||||||||
Current portion of long-term debt | 116 | 117 | 125 | 146 | 646 | 97 | 87 | 51 | 35 | 16 | 35 | 964 | 973 | 642 | 1,404 | 1,342 | 764 | 11 | 19 | 22 | 45 | 43 | 47 | 29 | 11 | 14 | 14 | ||||||||
Long-term debt, less current portion | 20,393 | 20,386 | 20,554 | 20,733 | 22,797 | 23,221 | 23,204 | 21,952 | 18,973 | 18,691 | 18,726 | 16,617 | 17,218 | 16,399 | 15,241 | 15,243 | 16,017 | 15,180 | 15,137 | 14,909 | 14,713 | 13,553 | 13,735 | 13,838 | 8,477 | 8,481 | 7,244 | ||||||||
Total debt | 20,509 | 20,503 | 20,679 | 20,879 | 23,443 | 23,318 | 23,291 | 22,003 | 19,308 | 18,857 | 18,761 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Current portion of operating lease liabilities | 2,395 | 2,371 | 2,263 | 2,208 | 2,133 | 2,123 | 2,024 | 1,923 | 1,902 | 1,928 | 1,896 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Operating lease liabilities, less current portion | 14,450 | 13,955 | 13,382 | 13,375 | 12,990 | 13,009 | 12,714 | 12,195 | 12,232 | 12,432 | 12,137 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Total debt (including operating lease liability) | 37,354 | 36,829 | 36,324 | 36,462 | 38,566 | 38,450 | 38,029 | 36,121 | 33,442 | 33,217 | 32,794 | 17,581 | 18,416 | 17,291 | 16,944 | 16,585 | 17,580 | 15,441 | 15,156 | 14,931 | 14,758 | 13,596 | 13,782 | 13,867 | 8,488 | 8,495 | 7,258 | ||||||||
Total assets | 84,108 | 84,247 | 82,048 | 82,777 | 82,793 | 81,156 | 77,648 | 73,537 | 70,014 | 69,954 | 68,452 | 54,403 | 54,464 | 53,289 | 51,901 | 52,330 | 51,851 | 50,281 | 49,350 | 48,552 | 46,781 | 46,348 | 45,575 | 46,064 | 37,819 | 38,371 | 37,245 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Debt to assets (including operating lease liability)1 | 0.44 | 0.44 | 0.44 | 0.44 | 0.47 | 0.47 | 0.49 | 0.49 | 0.48 | 0.47 | 0.48 | 0.32 | 0.34 | 0.32 | 0.33 | 0.32 | 0.34 | 0.31 | 0.31 | 0.31 | 0.32 | 0.29 | 0.30 | 0.30 | 0.22 | 0.22 | 0.19 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | 0.68 | 0.69 | 0.68 | 0.67 | 0.70 | 0.66 | 0.66 | 0.62 | 0.58 | 0.56 | 0.56 | 0.56 | 0.55 | 0.56 | 0.47 | 0.46 | 0.46 | 0.49 | 0.47 | 0.47 | 0.47 | — | — | — | — | ||||||||
CSX Corp. | — | — | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.43 | 0.43 | 0.40 | 0.37 | 0.37 | 0.37 | 0.33 | 0.33 | 0.33 | 0.32 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 0.45 | 0.48 | 0.47 | 0.47 | 0.48 | 0.49 | 0.52 | 0.43 | 0.33 | 0.27 | 0.26 | 0.26 | 0.28 | 0.27 | 0.17 | 0.18 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 0.52 | 0.49 | 0.49 | 0.48 | 0.45 | 0.45 | 0.46 | 0.47 | 0.47 | 0.43 | 0.44 | 0.44 | 0.44 | 0.38 | 0.38 | 0.39 | 0.30 | 0.29 | 0.29 | 0.28 | 0.27 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 0.36 | 0.37 | 0.39 | 0.40 | 0.42 | 0.44 | 0.46 | 0.48 | 0.52 | 0.49 | 0.50 | 0.49 | 0.49 | 0.45 | 0.50 | 0.50 | 0.52 | 0.53 | 0.46 | 0.45 | 0.45 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 37,354 ÷ 84,108 = 0.44
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | FedEx Corp. debt to assets ratio (including operating lease liability) improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Financial Leverage
Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | 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 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Total assets | 84,108 | 84,247 | 82,048 | 82,777 | 82,793 | 81,156 | 77,648 | 73,537 | 70,014 | 69,954 | 68,452 | 54,403 | 54,464 | 53,289 | 51,901 | 52,330 | 51,851 | 50,281 | 49,350 | 48,552 | 46,781 | 46,348 | 45,575 | 46,064 | 37,819 | 38,371 | 37,245 | ||||||||
Common stockholders’ investment | 24,526 | 24,940 | 24,321 | 24,168 | 21,981 | 21,039 | 19,462 | 18,295 | 18,831 | 18,659 | 18,166 | 17,757 | 19,894 | 19,294 | 19,173 | 19,416 | 18,894 | 17,055 | 16,618 | 16,073 | 15,184 | 14,531 | 14,142 | 13,784 | 14,327 | 14,990 | 15,283 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||||
Financial leverage1 | 3.43 | 3.38 | 3.37 | 3.43 | 3.77 | 3.86 | 3.99 | 4.02 | 3.72 | 3.75 | 3.77 | 3.06 | 2.74 | 2.76 | 2.71 | 2.70 | 2.74 | 2.95 | 2.97 | 3.02 | 3.08 | 3.19 | 3.22 | 3.34 | 2.64 | 2.56 | 2.44 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||||
American Airlines Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | 382.34 | — | — | — | — | — | — | 13.09 | 13.27 | 14.36 | 15.22 | — | — | — | — | ||||||||
CSX Corp. | — | — | 3.07 | 3.00 | 3.05 | 2.98 | 3.02 | 3.04 | 3.10 | 3.20 | 3.27 | 3.23 | 3.27 | 3.09 | 3.07 | 2.92 | 2.69 | 2.64 | 2.60 | 2.43 | 3.27 | 3.09 | 3.06 | — | — | — | — | ||||||||
Delta Air Lines Inc. | — | — | 24.66 | 18.64 | 27.93 | 58.79 | 151.62 | 46.93 | 23.56 | 8.32 | 4.80 | 4.20 | 4.20 | 4.48 | 4.79 | 4.40 | 4.01 | 4.34 | 4.31 | 3.83 | 3.71 | 3.84 | 3.98 | — | — | — | — | ||||||||
Norfolk Southern Corp. | — | — | 2.92 | 2.82 | 2.78 | 2.71 | 2.59 | 2.57 | 2.56 | 2.55 | 2.52 | 2.50 | 2.46 | 2.43 | 2.42 | 2.36 | 2.35 | 2.16 | 2.20 | 2.18 | 2.76 | 2.76 | 2.81 | — | — | — | — | ||||||||
Union Pacific Corp. | — | — | 5.38 | 4.49 | 4.48 | 4.34 | 3.80 | 3.68 | 3.70 | 3.86 | 3.89 | 3.40 | 3.44 | 3.40 | 3.46 | 2.90 | 2.87 | 2.95 | 2.37 | 2.33 | 3.00 | 2.88 | 2.83 | — | — | — | — | ||||||||
United Parcel Service Inc. | — | — | 4.55 | 4.87 | 5.46 | 6.00 | 8.86 | 94.99 | 11.16 | 14.22 | 18.46 | 17.71 | 9.59 | 11.98 | 15.02 | 16.56 | 15.07 | 19.43 | 33.08 | 45.40 | 27.41 | 31.93 | 71.74 | — | — | — | — |
Based on: 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-K (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-K (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-Q (reporting date: 2015-08-31).
1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Common stockholders’ investment
= 84,108 ÷ 24,526 = 3.43
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | FedEx Corp. financial leverage ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |