Walmart Inc (WMT)

Debt-to-assets 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
Long-term debt	US$ in thousands	36,132,000	36,342,000	36,806,000	38,120,000	34,649,000	33,935,000	29,801,000	32,174,000	34,864,000	36,425,000	39,581,000	40,273,000	41,194,000	40,849,000	40,959,000	43,006,000	43,714,000	44,912,000	44,404,000	47,425,000
Total assets	US$ in thousands	252,399,000	259,174,000	255,121,000	245,053,000	243,197,000	247,656,000	247,199,000	246,142,000	244,860,000	244,851,000	238,552,000	236,581,000	252,496,000	250,863,000	237,382,000	232,892,000	236,495,000	239,830,000	234,861,000	234,544,000
Debt-to-assets ratio		0.14	0.14	0.14	0.16	0.14	0.14	0.12	0.13	0.14	0.15	0.17	0.17	0.16	0.16	0.17	0.18	0.18	0.19	0.19	0.20

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 stability over the past several quarters, fluctuating within a narrow range. The ratio has consistently been below 0.20, indicating that Walmart relies more on equity financing rather than debt to finance its assets.

The ratio was at its lowest point in July 2022 at 0.12, which suggests a strong asset base relative to its debt obligations at that time. However, there was a slight increase in the ratio in the following quarters, reaching a peak of 0.20 in July 2019. This increase could indicate a higher level of debt relative to the company's assets during that period.

Overall, the average debt-to-assets ratio for Walmart Inc over the recorded periods is 0.15, showing that the company maintains a relatively conservative leverage approach in its capital structure. This analysis indicates that Walmart has been managing its debt levels effectively in relation to its asset base.