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.
Peer comparison
Jan 31, 2024