FedEx Corporation (FDX) — Cash Flow-to-Debt Ratio
FedEx Corporation (FDX) has a Cash Flow-to-Debt Ratio of 0.03x as of February 2026, meaning its operating cash flow of $1.99 Billion could theoretically repay 0% of its total liabilities ($64.93 Billion) in one year. See financial agility of FedEx Corporation to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
FedEx Corporation Cash Flow-to-Debt Ratio (1990–2025)
Historical debt coverage capacity for FedEx Corporation across 36 annual periods. For the full cash flow conversion analysis, see FedEx Corporation (FDX) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for FedEx Corporation (1990–2025)
Year-by-year debt coverage analysis for FedEx Corporation. Check FedEx Corporation (FDX) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.12x | $7.04 Billion | $59.55 Billion | ▼ -15.5% |
| 2024 | 0.14x | $8.31 Billion | $59.42 Billion | ▼ -3.1% |
| 2023 | 0.14x | $8.81 Billion | $61.05 Billion | ▼ -10.3% |
| 2022 | 0.16x | $9.83 Billion | $61.05 Billion | ▼ -6.9% |
| 2021 | 0.17x | $10.13 Billion | $58.61 Billion | ▲ +87.4% |
| 2020 | 0.09x | $5.10 Billion | $55.24 Billion | ▼ -39.8% |
| 2019 | 0.15x | $5.61 Billion | $36.65 Billion | ▲ +7.9% |
| 2018 | 0.14x | $4.67 Billion | $32.91 Billion | ▼ -6.4% |
| 2017 | 0.15x | $4.93 Billion | $32.48 Billion | ▼ -14.2% |
| 2016 | 0.18x | $5.71 Billion | $32.28 Billion | ▼ -27.3% |
| 2015 | 0.24x | $5.37 Billion | $22.08 Billion | ▲ +1.4% |
| 2014 | 0.24x | $4.26 Billion | $17.79 Billion | ▼ -17.3% |
| 2013 | 0.29x | $4.69 Billion | $16.17 Billion | ▼ -9.0% |
| 2012 | 0.32x | $4.83 Billion | $15.18 Billion | ▼ -4.1% |
| 2011 | 0.33x | $4.04 Billion | $12.16 Billion | ▲ +17.4% |
| 2010 | 0.28x | $3.14 Billion | $11.09 Billion | ▲ +9.1% |
| 2009 | 0.26x | $2.75 Billion | $10.62 Billion | ▼ -17.3% |
| 2008 | 0.31x | $3.48 Billion | $11.11 Billion | ▼ -0.1% |
| 2007 | 0.31x | $3.56 Billion | $11.34 Billion | ▼ -4.5% |
| 2006 | 0.33x | $3.68 Billion | $11.18 Billion | ▲ +14.1% |
| 2005 | 0.29x | $3.12 Billion | $10.82 Billion | ▲ +5.9% |
| 2004 | 0.27x | $3.02 Billion | $11.10 Billion | ▲ +17.8% |
| 2003 | 0.23x | $1.87 Billion | $8.10 Billion | ▼ -24.6% |
| 2002 | 0.31x | $2.23 Billion | $7.27 Billion | ▲ +11.6% |
| 2001 | 0.27x | $2.04 Billion | $7.44 Billion | ▲ +14.0% |
| 2000 | 0.24x | $1.63 Billion | $6.74 Billion | ▼ -18.6% |
| 1999 | 0.30x | $1.77 Billion | $5.98 Billion | ▼ -0.7% |
| 1998 | 0.30x | $1.71 Billion | $5.72 Billion | ▲ +64.0% |
| 1997 | 0.18x | $1.01 Billion | $5.54 Billion | ▼ -20.8% |
| 1996 | 0.23x | $946.60 Million | $4.12 Billion | ▼ -6.7% |
| 1995 | 0.25x | $1.03 Billion | $4.19 Billion | ▲ +30.5% |
| 1994 | 0.19x | $767.30 Million | $4.07 Billion | ▲ +7.2% |
| 1993 | 0.18x | $725.10 Million | $4.12 Billion | ▲ +31.2% |
| 1992 | 0.13x | $520.80 Million | $3.88 Billion | ▼ -31.8% |
| 1991 | 0.20x | $787.40 Million | $4.00 Billion | ▲ +53.3% |
| 1990 | 0.13x | $516.30 Million | $4.03 Billion | — |