|Bid||287.01 x 1400|
|Ask||287.49 x 900|
|Day's Range||285.35 - 291.20|
|52 Week Range||88.69 - 296.08|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||42.32|
|Earnings Date||Dec 17, 2020|
|Forward Dividend & Yield||2.60 (0.90%)|
|Ex-Dividend Date||Dec 11, 2020|
|1y Target Est||289.08|
The stores and malls will not see the crowds that they once did, due to first a changed culture for holiday shopping, and two... most folks are smart enough to avoid crowds entering the latter part of 2020. While this change obviously will translate into an incredible season for the likes of Amazon , Walmart , Target , and Costco , the evolution will also pressure the delivery services industry. Amazon handles a significant portion of its own delivery.
Shares of FedEx (NYSE: FDX) rose by 28.83% in the past three months. Before having a look at the importance of debt, let us look at how much debt FedEx has.FedEx's Debt Based on FedEx's financial statement as of September 15, 2020, long-term debt is at $23.20 billion and current debt is at $87.00 million, amounting to $23.29 billion in total debt. Adjusted for $6.95 billion in cash-equivalents, the company's net debt is at $16.34 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.Shareholders look at the debt-ratio to understand how much financial leverage a company has. FedEx has $77.65 billion in total assets, therefore making the debt-ratio 0.3. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 40% might be higher for one industry and normal for another.Importance Of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * 10 Industrials Stocks With Unusual Options Alerts In Today's Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Quote To Start The Day: Be polite, be professional, but have a plan to kill everybody you meet.Source: James MattisOne Big Thing In Fintech: Robinhood, creator of the popular stock-trading app of the same name, announced on Friday that Vlad Tenev will be the company's sole chief executive, ending an arrangement in which Tenev and cofounder Baiju Bhatt have shared the top job since the company's launch in 2013.Source: FortuneOther Key Fintech Developments: * Cashfree raises $35.3M for payments. * Coinbase front-runs NYT investigation. * Chip savings app intros a new account. * Stripe in talks for a new funding round. * DAI price increases led to a liquidation. * HKEX looks to accelerate settlements. * Shopify a major winner in Affirm's IPO. * Become intros a Shopify App, Beprofit. * Mettalex is bridging the gap with DeFi. * DigitalX intros RegTech for the market. * STAX secures first cryptocurrency IPO. * Intuit, Credit Karma acquisition cleared. * Why companies are getting into crypto. * Point72-backed Productfy taps $2.35M.Watch Out For This: FedEx has long been a global leader in moving your things from place to place. But it's been the embrace of technology that's moved FedEx the company from where it was to where it needed to be.Source: ProtocolInteresting Reads: * Internet struggles on an AWS outage. * Industries Amazon could disrupt next. * YouTube barred, demonetized OANN. * Mattis assesses pandemic responses. * Podcast: Chris Camillo talks investing. * Twitter to launch account verifications. * The man in charge of the vaccine trial. * Lessons from the Wirecard's collapse.Market Moving Headline: The closed-end fund market was marred by volatility in 2020, leading to the potential for tax loss selling in Q4 - this may provide opportunities to buy select high yielding sectors at attractive discounts.Source: BlackRockSee more from Benzinga * Click here for options trades from Benzinga * How MindMed Uses Tech To Innovate, Deploy Psychedelic Mental Health Therapies * Fintech Focus For November 25, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.