Walmart Inc (WMT)
Quick ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,867,000 | 12,154,000 | 13,888,000 | 10,575,000 | 8,625,000 | 11,587,000 | 13,923,000 | 11,817,000 | 14,760,000 | 16,111,000 | 22,831,000 | 22,846,000 | 17,741,000 | 14,325,000 | 16,906,000 | 14,930,000 | 9,465,000 | 8,606,000 | 9,283,000 | 9,255,000 |
| Short-term investments | US$ in thousands | 8,449,000 | — | — | — | 11,169,000 | — | — | — | 12,888,000 | 1,000,000 | 1,000,000 | 1,000,000 | 14,422,000 | 12,769,000 | 9,893,000 | — | 5,438,000 | — | — | — |
| Receivables | US$ in thousands | 8,796,000 | 8,625,000 | 7,891,000 | 7,647,000 | 7,933,000 | 8,218,000 | 7,522,000 | 7,674,000 | 8,280,000 | 7,349,000 | 6,103,000 | 5,797,000 | 6,516,000 | 5,770,000 | 5,111,000 | 5,029,000 | 6,284,000 | 5,612,000 | 5,382,000 | 5,342,000 |
| Total current liabilities | US$ in thousands | 92,415,000 | 104,230,000 | 99,220,000 | 95,505,000 | 92,198,000 | 101,408,000 | 99,899,000 | 96,530,000 | 87,379,000 | 87,620,000 | 81,122,000 | 80,841,000 | 92,645,000 | 88,121,000 | 81,957,000 | 82,647,000 | 77,790,000 | 83,784,000 | 80,283,000 | 79,888,000 |
| Quick ratio | 0.29 | 0.20 | 0.22 | 0.19 | 0.30 | 0.20 | 0.21 | 0.20 | 0.41 | 0.28 | 0.37 | 0.37 | 0.42 | 0.37 | 0.39 | 0.24 | 0.27 | 0.17 | 0.18 | 0.18 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,867,000K
+ $8,449,000K
+ $8,796,000K)
÷ $92,415,000K
= 0.29
The quick ratio of Walmart Inc has fluctuated over the past few quarters, ranging from 0.17 to 0.42. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From the data provided, we can observe that the quick ratio has been below 1 in every period, signaling that Walmart Inc may face challenges in meeting its short-term obligations using its quick assets alone. The lowest quick ratio of 0.17 was reported in October 2019, indicating a relatively weaker liquidity position at that time.
Although there have been fluctuations, the quick ratio has generally remained below 0.5, suggesting that Walmart Inc relies heavily on inventory and receivables to meet its short-term obligations. Investors and analysts typically prefer a quick ratio of at least 1 as it indicates better liquidity and the ability to cover short-term liabilities without relying on the sale of inventory.
Overall, the trend in Walmart Inc's quick ratio indicates that the company may need to monitor and manage its liquidity position closely to ensure it can meet its short-term obligations effectively.
Peer comparison
Jan 31, 2024