Walmart Inc (WMT)

Debt-to-assets ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	36,132,000	34,649,000	34,864,000	41,194,000	43,714,000
Total assets	US$ in thousands	252,399,000	243,197,000	244,860,000	252,496,000	236,495,000
Debt-to-assets ratio		0.14	0.14	0.14	0.16	0.18

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $36,132,000K ÷ $252,399,000K
= 0.14

The debt-to-assets ratio of Walmart Inc has shown consistent stability over the past five years. The ratio has remained relatively low, ranging from 0.14 to 0.18, indicating that Walmart has been effective in managing its debt levels in relation to its total assets. A lower ratio suggests that the company relies less on debt financing to support its operations and investment activities, which can be seen as a positive indicator of financial health and stability. The slight decrease in the ratio from 0.18 in 2020 to 0.14 in 2024 shows a potential improvement in the company's ability to effectively utilize its assets to generate revenue and manage its debt obligations. Overall, the consistent low debt-to-assets ratio of Walmart Inc implies a prudent debt management strategy and financial strength.