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 FDX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
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. Also explore net asset momentum of FedEx Corporation to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for FedEx Corporation (1990–2025)
Year-by-year debt coverage analysis for FedEx Corporation. For market capitalisation and broader financial context, see FDX stock market capitalisation.
| 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 | — |