Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 43.40% is in line with its 5-year average of 43.65%, around the middle of its 5-year range (42.35%–44.44%).
As of the fiscal period ended Sunday, May 31, 2026. 0.62% above its 12-month average of 43.14%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
43.40%
DEBT TO ASSETS RATIO AVG TTM
43.14%
DEBT TO ASSETS RATIO AVG 3Y
43.50%
DEBT TO ASSETS RATIO AVG 5Y
43.65%
DEBT TO ASSETS RATIO AVG 10Y
40.54%
DEBT TO ASSETS RATIO AVG 15Y
31.17%
DEBT TO ASSETS RATIO AVG 20Y
25.77%
CURRENT VS TTM AVG
+0.62%
CURRENT VS 3Y AVG
-0.23%
CURRENT VS 5Y AVG
-0.57%
CURRENT VS 10Y AVG
+7.07%
CURRENT VS 15Y AVG
+39.24%
CURRENT VS 20Y AVG
+68.43%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+15401.57%
vs the sector median at left
FedEx Corporation
Market Cap
$75.37B
Debt to Assets Ratio
43.40%
TTM Avg
43.14%
3Y Avg
43.50%
5Y Avg
43.65%
Market Cap
$75.10B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$76.58B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$78.03B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$80.54B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.20B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 43.40% | 43.14% | 43.50% | 43.65% |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 0.37% | N/A | N/A | N/A |
| Canadian National Railway Company (CNI)vs › | $76.58B | 0.38% | N/A | N/A | N/A |
| Honeywell International Inc. (HON)vs › | $78.03B | 0.37% | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $72.38B | 0.49% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 0.28% | N/A | N/A | N/A |
| PACCAR Inc (PCAR)vs › | $70.06B | 0.33% | N/A | N/A | N/A |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 0.32% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $81.25B | 0.26% | N/A | N/A | N/A |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 1.39% | N/A | N/A | N/A |
Debt/Assets
43.4%
Debt/Equity
1.36
Current Ratio
1.48
Interest Coverage
12.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-05-31 | 43.40% |
| 2026-02-28 | 44.36% |
| 2025-11-30 | 42.35% |
| 2025-08-31 | 42.87% |
| 2025-05-31 | 42.70% |
| 2025-02-28 | 43.54% |
| 2024-11-30 | 43.61% |
| 2024-08-31 | 43.55% |
| 2024-05-31 | 43.35% |
| 2024-02-29 | 43.56% |
| 2023-11-30 | 43.36% |
| 2023-08-31 | 43.64% |
| 2023-05-31 | 44.00% |
| 2023-02-28 | 44.40% |
| 2022-11-30 | 44.44% |
| 2022-08-31 | 43.86% |
| 2022-05-31 | 43.25% |
| 2022-02-28 | 44.41% |
| 2021-11-30 | 43.72% |
| 2021-08-31 | 44.27% |
| 2021-05-31 | 44.05% |
| 2021-02-28 | 46.58% |
| 2020-11-30 | 47.38% |
| 2020-08-31 | 48.98% |
| 2020-05-31 | 49.12% |
| 2020-02-29 | 47.76% |
| 2019-11-30 | 47.48% |
| 2019-08-31 | 47.91% |
| 2019-05-31 | 32.32% |
| 2019-02-28 | 33.81% |
| 2018-11-30 | 32.45% |
| 2018-08-31 | 32.65% |
| 2018-05-31 | 31.69% |
| 2018-02-28 | 33.90% |
| 2017-11-30 | 30.71% |
| 2017-08-31 | 30.71% |
| 2017-05-31 | 30.75% |
| 2017-02-28 | 31.55% |
| 2016-11-30 | 29.33% |
| 2016-08-31 | 30.24% |
| 2016-05-31 | 30.10% |
| 2016-02-29 | 22.44% |
| 2015-11-30 | 22.14% |
| 2015-08-31 | 19.49% |
| 2015-05-31 | 19.61% |
| 2015-02-28 | 20.02% |
| 2014-11-30 | 14.36% |
| 2014-08-31 | 14.53% |
| 2014-05-31 | 14.32% |
| 2014-02-28 | 14.47% |
| 2013-11-30 | 8.91% |
| 2013-08-31 | 8.89% |
| 2013-05-31 | 8.91% |
| 2013-02-28 | 7.04% |
| 2012-11-30 | 7.16% |
| 2012-08-31 | 7.69% |
| 2012-05-31 | 5.57% |
| 2012-02-29 | 5.81% |
| 2011-11-30 | 5.90% |
| 2011-08-31 | 5.99% |
| 2011-05-31 | 6.15% |
| 2011-02-28 | 6.43% |
| 2010-11-30 | 7.35% |
| 2010-08-31 | 7.61% |
| 2010-05-31 | 7.75% |
| 2010-02-28 | 7.84% |
| 2009-11-30 | 7.96% |
| 2009-08-31 | 8.70% |
| 2009-05-31 | 10.65% |
| 2009-02-28 | 11.13% |
| 2008-11-30 | 7.61% |
| 2008-08-31 | 7.68% |
| 2008-05-31 | 7.83% |
| 2008-02-29 | 8.23% |
| 2007-11-30 | 8.76% |
| 2007-08-31 | 8.96% |
| 2007-05-31 | 11.03% |
| 2007-02-28 | 13.07% |
| 2006-11-30 | 13.01% |
| 2006-08-31 | 13.49% |
| 2006-05-31 | 10.76% |
| 2006-02-28 | 11.37% |
| 2005-11-30 | 12.71% |
| 2005-08-31 | 13.13% |
| 2005-05-31 | 13.70% |
| 2005-02-28 | 16.76% |
| 2004-11-30 | 17.54% |
| 2004-08-31 | 18.44% |
| 2004-05-31 | 18.75% |
| 2004-02-29 | 21.45% |
| 2003-11-30 | 13.72% |
| 2003-08-31 | 13.55% |
| 2003-05-31 | 13.11% |
| 2003-02-28 | 13.52% |
| 2002-11-30 | 12.47% |
| 2002-08-31 | 13.58% |
