Debt to Equity
since 2005
Calculation
FedEx Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current portion1 | ÷ | Common stockholders’ investment1 | |
|---|---|---|---|---|---|
| May 31, 2024 | 0.73 | = | 20,203) | ÷ | 27,582) |
| May 31, 2023 | 0.79 | = | 20,579) | ÷ | 26,088) |
| May 31, 2022 | 0.81 | = | 20,264) | ÷ | 24,939) |
| May 31, 2021 | 0.86 | = | 20,879) | ÷ | 24,168) |
| May 31, 2020 | 1.20 | = | 22,003) | ÷ | 18,295) |
| May 31, 2019 | 0.99 | = | 17,581) | ÷ | 17,757) |
| May 31, 2018 | 0.85 | = | 16,585) | ÷ | 19,416) |
| May 31, 2017 | 0.93 | = | 14,931) | ÷ | 16,073) |
| May 31, 2016 | 1.01 | = | 13,867) | ÷ | 13,784) |
| May 31, 2015 | 0.48 | = | 7,268) | ÷ | 14,993) |
| May 31, 2014 | 0.31 | = | 4,737) | ÷ | 15,277) |
| May 31, 2013 | 0.17 | = | 2,990) | ÷ | 17,398) |
| May 31, 2012 | 0.11 | = | 1,667) | ÷ | 14,727) |
| May 31, 2011 | 0.11 | = | 1,685) | ÷ | 15,220) |
| May 31, 2010 | 0.14 | = | 1,930) | ÷ | 13,811) |
| May 31, 2009 | 0.19 | = | 2,583) | ÷ | 13,626) |
| May 31, 2008 | 0.14 | = | 2,008) | ÷ | 14,526) |
| May 31, 2007 | 0.21 | = | 2,646) | ÷ | 12,656) |
| May 31, 2006 | 0.21 | = | 2,442) | ÷ | 11,511) |
| May 31, 2005 | 0.29 | = | 2,796) | ÷ | 9,588) |
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., debt to equity, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|---|
| May 31, 2024 | 0.73 | — | — | — |
| May 31, 2023 | 0.79 | 0.84 | 2.20 | 1.29 |
| May 31, 2022 | 0.81 | 1.26 | 2.74 | 0.99 |
| May 31, 2021 | 0.86 | 0.64 | 2.10 | 1.54 |
| May 31, 2020 | 1.20 | 0.62 | 1.58 | 37.53 |
| May 31, 2019 | 0.99 | 0.40 | 1.39 | 7.73 |
| May 31, 2018 | 0.85 | — | 1.10 | 7.53 |
| May 31, 2017 | 0.93 | — | 0.68 | 24.29 |
| May 31, 2016 | 1.01 | — | 0.75 | 39.69 |
| May 31, 2015 | 0.48 | — | 0.69 | 5.80 |
| May 31, 2014 | 0.31 | — | 0.54 | 5.04 |
| May 31, 2013 | 0.17 | — | 0.45 | 1.68 |
| May 31, 2012 | 0.11 | — | 0.45 | 2.77 |
| May 31, 2011 | 0.11 | — | 0.48 | 1.58 |
| May 31, 2010 | 0.14 | — | 0.52 | 1.36 |
| May 31, 2009 | 0.19 | — | 0.58 | 1.25 |
| May 31, 2008 | 0.14 | — | 0.58 | 1.46 |
| May 31, 2007 | 0.21 | — | 0.49 | 0.90 |
| May 31, 2006 | 0.21 | — | 0.44 | 0.27 |
| May 31, 2005 | 0.29 | — | 0.54 | 0.24 |
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., debt to equity, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| May 31, 2024 | 0.73 | — |
| May 31, 2023 | 0.79 | 1.22 |
| May 31, 2022 | 0.81 | 1.28 |
| May 31, 2021 | 0.86 | 1.22 |
| May 31, 2020 | 1.20 | 1.68 |
| May 31, 2019 | 0.99 | 1.38 |
| May 31, 2018 | 0.85 | 1.44 |
| May 31, 2017 | 0.93 | 1.34 |
| May 31, 2016 | 1.01 | 1.32 |
| May 31, 2015 | 0.48 | 0.94 |
| May 31, 2014 | 0.31 | 0.70 |
| May 31, 2013 | 0.17 | 0.52 |
| May 31, 2012 | 0.11 | 0.60 |
| May 31, 2011 | 0.11 | 0.53 |
| May 31, 2010 | 0.14 | 0.56 |
| May 31, 2009 | 0.19 | 0.57 |
| May 31, 2008 | 0.14 | 0.57 |
| May 31, 2007 | 0.21 | 0.53 |
| May 31, 2006 | 0.21 | 0.32 |
| May 31, 2005 | 0.29 | 0.35 |
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., debt to equity, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| May 31, 2024 | 0.73 | — |
| May 31, 2023 | 0.79 | 1.43 |
| May 31, 2022 | 0.81 | 1.32 |
| May 31, 2021 | 0.86 | 1.25 |
| May 31, 2020 | 1.20 | 1.73 |
| May 31, 2019 | 0.99 | 1.86 |
| May 31, 2018 | 0.85 | 1.87 |
| May 31, 2017 | 0.93 | 1.65 |
| May 31, 2016 | 1.01 | 1.55 |
| May 31, 2015 | 0.48 | 1.52 |
| May 31, 2014 | 0.31 | 1.86 |
| May 31, 2013 | 0.17 | 1.77 |
| May 31, 2012 | 0.11 | 2.24 |
| May 31, 2011 | 0.11 | 2.56 |
| May 31, 2010 | 0.14 | 2.63 |
| May 31, 2009 | 0.19 | 2.92 |
| May 31, 2008 | 0.14 | 3.45 |
| May 31, 2007 | 0.21 | 2.72 |
| May 31, 2006 | 0.21 | 2.46 |
| May 31, 2005 | 0.29 | 2.11 |
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).