Financial leverage Fedex-UPS
Anyone paying attention to the increasing amount of debt both these companies are taking on?
UPS went from $10B in long term debt in 2010 (with $49B in revenue) to over $20B in 2017 (with $65B in revenue).
Fedex went from $2B in long term debt in 2010 (with $35B in revenue) to over $15B in 2017 (with $60B in revenue).
Both companies have announced expansion/growth/investments in the business, but this large increase in leverage seems pretty steep over the years. Maybe attributed to historically low interest rates? Using this cheap money to finance expansion???
Maybe some financial types can chime in? Don't care for emotional responses, just facts. Maybe this is a temporary situation? Attributed to
specific events?