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FDXFedEx Corporation

Interest Coverage Ratio: 10.21x

popular:market cap|pe ratio|revenue|price history|total return

Is the interest coverage ratio high or low?

The interest coverage ratio of 10.21x is 15% below its 5-year average of 11.96x, around the middle of its 5-year range (5.53x–20.70x).

As of Thursday, June 25, 2026. 19.41% below its 12-month average of 12.67x.

Interest Expense|Total Debt|Debt/Equity|Operating Margin|All Metrics
Interest Coverage

FDX Interest Coverage Ratio

10.21x

Reported quarterly interest coverage; no daily interpolation.

+84.60% 5Y
FDX Interest Coverage Ratio

FDX Average Interest Coverage Ratio Chart

FDX Interest Coverage Ratio

FDX Current vs Average Interest Coverage Ratio Chart

FDX Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

10.21x

INTEREST COVERAGE RATIO AVG TTM

12.67x

INTEREST COVERAGE RATIO AVG 3Y

13.95x

INTEREST COVERAGE RATIO AVG 5Y

11.96x

INTEREST COVERAGE RATIO AVG 10Y

10.54x

INTEREST COVERAGE RATIO AVG 15Y

12.21x

INTEREST COVERAGE RATIO AVG 20Y

14.12x

CURRENT VS TTM AVG

-19.41%

CURRENT VS 3Y AVG

-26.84%

CURRENT VS 5Y AVG

-14.63%

CURRENT VS 10Y AVG

-3.17%

CURRENT VS 15Y AVG

-16.43%

CURRENT VS 20Y AVG

-27.73%

FDX Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
FedEx Corporation (FDX)$77.76B10.21x12.67x13.95x11.96x
Illinois Tool Works Inc. (ITW)vs ›$77.85B14.44x14.75x15.84x15.76x
Canadian Pacific Kansas City Ltd. (CP)vs ›$77.27B6.40x6.44x5.92x6.36x
TransDigm Group Incorporated (TDG)vs ›$74.27B2.65x2.64x2.43x2.15x
Emerson Electric Co. (EMR)vs ›$81.40B9.13x8.69x9.57x11.00x
CSX Corporation (CSX)vs ›$85.59B5.36x5.91x6.65x6.58x
Comfort Systems USA, Inc. (FIX)vs ›$69.88B145.70x129.21x79.42x62.41x
Automatic Data Processing, Inc. (ADP)vs ›$86.47B11.87x12.69x21.74x28.66x
Norfolk Southern Corporation (NSC)vs ›$68.24B5.06x4.86x5.11x5.44x
3M Company (MMM)vs ›$87.61B6.34x5.25x5.76x8.68x

Financial Health Indicators

Interest Coverage

10.2x

Debt/Equity

0.60

Current Ratio

1.48

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for FedEx Corporation (FDX)?
The interest coverage ratio for FDX stock is 10.21x.
Is FedEx Corporation's interest coverage ratio high or low?
The interest coverage ratio of 10.21x is 15% below its 5-year average of 11.96x, around the middle of its 5-year range (5.53x–20.70x).
What is the TTM average interest coverage ratio for FedEx Corporation (FDX)?
The TTM average interest coverage ratio for FDX stock is 12.67x.
What is the 3Y average interest coverage ratio for FedEx Corporation (FDX)?
The 3Y average interest coverage ratio for FDX stock is 13.95x.
What is the 5Y average interest coverage ratio for FedEx Corporation (FDX)?
The 5Y average interest coverage ratio for FDX stock is 11.96x.
What is the 10Y average interest coverage ratio for FedEx Corporation (FDX)?
The 10Y average interest coverage ratio for FDX stock is 10.54x.
What is the 15Y average interest coverage ratio for FedEx Corporation (FDX)?
The 15Y average interest coverage ratio for FDX stock is 12.21x.
What is the 20Y average interest coverage ratio for FedEx Corporation (FDX)?
The 20Y average interest coverage ratio for FDX stock is 14.12x.

FDX Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2025-11-3010.21x
2025-08-3110.91x
2025-05-3116.02x
2025-02-2812.68x
2024-11-3013.51x
2024-08-3114.38x
2024-05-3120.70x
2024-02-2914.91x
2023-11-3014.65x
2023-08-3117.47x
2023-05-3116.83x
2023-02-289.57x
2022-11-309.54x
2022-08-318.75x
2022-05-318.97x
2022-02-288.97x
2021-11-3010.14x
2021-08-318.93x
2021-05-3110.58x
2021-02-285.53x
2020-11-307.84x
2020-08-318.64x
2020-05-314.85x
2020-02-292.65x
2019-11-304.11x
2019-08-317.13x
2019-05-3112.00x
2019-02-286.78x
2018-11-309.05x
2018-08-319.56x
2018-05-3111.62x
2018-02-286.86x
2017-11-3010.18x
2017-08-319.80x
2017-05-3112.44x
2017-02-289.04x
2016-11-3010.29x
2016-08-3111.79x
2016-05-31-0.70x
2016-02-2910.67x
2015-11-3015.36x
2015-08-3118.16x
2015-02-2816.59x
2014-11-3021.55x
2014-08-3120.56x
2014-02-2816.87x
2013-11-3027.57x
2013-08-3129.44x
2013-02-2865.44x
2012-11-3039.89x
2012-08-3174.20x
2012-02-2967.75x
2011-11-30111.43x
2011-08-3167.00x
2011-05-3174.00x
2011-02-2816.38x
2010-11-3020.39x
2010-08-3134.89x
2010-02-2821.89x
2009-11-3038.07x
2009-08-3117.50x
2009-02-289.58x
2008-11-3078.40x
2008-08-3170.00x
2008-02-2964.10x
2007-11-3052.20x
2007-08-3132.56x

Related Metrics

Interest ExpenseTotal DebtDebt/EquityOperating MarginAll Metrics

About FedEx Corporation

FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.

Memphis, TN
306,000 employees
www.fedex.com
Industrials / Integrated Freight & Logistics
Sector
Industrials
Industry
Integrated Freight & Logistics
CEO
Rajesh Subramaniam
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