Current Ratio
since 2005
Calculation
FedEx Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| May 31, 2024 | 1.36 | = | 18,207) | ÷ | 13,355) |
| May 31, 2023 | 1.37 | = | 18,610) | ÷ | 13,586) |
| May 31, 2022 | 1.43 | = | 20,365) | ÷ | 14,274) |
| May 31, 2021 | 1.51 | = | 20,580) | ÷ | 13,660) |
| May 31, 2020 | 1.58 | = | 16,383) | ÷ | 10,344) |
| May 31, 2019 | 1.45 | = | 13,086) | ÷ | 9,013) |
| May 31, 2018 | 1.39 | = | 13,341) | ÷ | 9,627) |
| May 31, 2017 | 1.59 | = | 12,628) | ÷ | 7,918) |
| May 31, 2016 | 1.50 | = | 11,989) | ÷ | 8,008) |
| May 31, 2015 | 1.84 | = | 10,941) | ÷ | 5,957) |
| May 31, 2014 | 1.82 | = | 9,683) | ÷ | 5,312) |
| May 31, 2013 | 1.96 | = | 11,274) | ÷ | 5,750) |
| May 31, 2012 | 1.69 | = | 9,056) | ÷ | 5,374) |
| May 31, 2011 | 1.70 | = | 8,285) | ÷ | 4,882) |
| May 31, 2010 | 1.57 | = | 7,284) | ÷ | 4,645) |
| May 31, 2009 | 1.57 | = | 7,116) | ÷ | 4,524) |
| May 31, 2008 | 1.35 | = | 7,244) | ÷ | 5,368) |
| May 31, 2007 | 1.22 | = | 6,629) | ÷ | 5,428) |
| May 31, 2006 | 1.18 | = | 6,464) | ÷ | 5,473) |
| May 31, 2005 | 1.11 | = | 5,269) | ÷ | 4,734) |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
Comparison to Competitors
FedEx Corp., current ratio, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|---|
| May 31, 2024 | 1.36 | — | — | — |
| May 31, 2023 | 1.37 | 1.19 | 0.81 | 1.10 |
| May 31, 2022 | 1.43 | 1.04 | 0.72 | 1.22 |
| May 31, 2021 | 1.51 | 0.98 | 0.62 | 1.42 |
| May 31, 2020 | 1.58 | 1.44 | 1.01 | 1.19 |
| May 31, 2019 | 1.45 | 2.47 | 0.79 | 1.11 |
| May 31, 2018 | 1.39 | — | 0.90 | 1.15 |
| May 31, 2017 | 1.59 | — | 1.02 | 1.22 |
| May 31, 2016 | 1.50 | — | 0.99 | 1.18 |
| May 31, 2015 | 1.84 | — | 1.29 | 1.23 |
| May 31, 2014 | 1.82 | — | 1.24 | 1.37 |
| May 31, 2013 | 1.96 | — | 1.05 | 1.88 |
| May 31, 2012 | 1.69 | — | 1.16 | 1.86 |
| May 31, 2011 | 1.70 | — | 1.12 | 1.89 |
| May 31, 2010 | 1.57 | — | 1.16 | 1.96 |
| May 31, 2009 | 1.57 | — | 1.37 | 1.49 |
| May 31, 2008 | 1.35 | — | 0.98 | 1.13 |
| May 31, 2007 | 1.22 | — | 0.85 | 1.20 |
| May 31, 2006 | 1.18 | — | 0.68 | 1.40 |
| May 31, 2005 | 1.11 | — | 0.69 | 1.62 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Transportation)
FedEx Corp., current ratio, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| May 31, 2024 | 1.36 | — |
| May 31, 2023 | 1.37 | 1.17 |
| May 31, 2022 | 1.43 | 1.19 |
| May 31, 2021 | 1.51 | 1.26 |
| May 31, 2020 | 1.58 | 1.32 |
| May 31, 2019 | 1.45 | 1.38 |
| May 31, 2018 | 1.39 | 1.19 |
| May 31, 2017 | 1.59 | 1.31 |
| May 31, 2016 | 1.50 | 1.26 |
| May 31, 2015 | 1.84 | 1.42 |
| May 31, 2014 | 1.82 | 1.48 |
| May 31, 2013 | 1.96 | 1.72 |
| May 31, 2012 | 1.69 | 1.67 |
| May 31, 2011 | 1.70 | 1.65 |
| May 31, 2010 | 1.57 | 1.65 |
| May 31, 2009 | 1.57 | 1.49 |
| May 31, 2008 | 1.35 | 1.18 |
| May 31, 2007 | 1.22 | 1.15 |
| May 31, 2006 | 1.18 | 1.16 |
| May 31, 2005 | 1.11 | 1.25 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Industrials)
FedEx Corp., current ratio, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| May 31, 2024 | 1.36 | — |
| May 31, 2023 | 1.37 | 1.18 |
| May 31, 2022 | 1.43 | 1.22 |
| May 31, 2021 | 1.51 | 1.30 |
| May 31, 2020 | 1.58 | 1.42 |
| May 31, 2019 | 1.45 | 1.19 |
| May 31, 2018 | 1.39 | 1.18 |
| May 31, 2017 | 1.59 | 1.30 |
| May 31, 2016 | 1.50 | 1.27 |
| May 31, 2015 | 1.84 | 1.29 |
| May 31, 2014 | 1.82 | 1.32 |
| May 31, 2013 | 1.96 | 1.38 |
| May 31, 2012 | 1.69 | 1.35 |
| May 31, 2011 | 1.70 | 1.34 |
| May 31, 2010 | 1.57 | 1.33 |
| May 31, 2009 | 1.57 | 1.27 |
| May 31, 2008 | 1.35 | 1.10 |
| May 31, 2007 | 1.22 | 1.09 |
| May 31, 2006 | 1.18 | 1.08 |
| May 31, 2005 | 1.11 | 1.07 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).