Walmart Inc (WMT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	83,861,000	79,456,000	79,556,000	72,405,000	76,693,000	72,253,000	77,569,000	76,896,000	83,253,000	82,274,000	80,529,000	78,335,000	80,925,000	81,431,000	75,310,000	68,240,000	74,669,000	71,649,000	70,327,000	68,205,000
Debt-to-capital ratio		0.30	0.31	0.32	0.34	0.31	0.32	0.28	0.29	0.30	0.31	0.33	0.34	0.34	0.33	0.35	0.39	0.37	0.39	0.39	0.41

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $36,132,000K ÷ ($36,132,000K + $83,861,000K)
= 0.30

The debt-to-capital ratio of Walmart Inc has fluctuated over the past several quarters, ranging from a low of 0.28 to a high of 0.41. This ratio represents the proportion of total debt to total capital employed in the company's business operations. A lower debt-to-capital ratio indicates a lower level of financial risk and a higher degree of financial stability for the company.

Walmart's debt-to-capital ratio has shown a general upward trend since April 2020, reaching its peak at 0.41 in the last reported quarter. This increase suggests that the company has been relying more on debt financing relative to its total capital structure. It is important to closely monitor this ratio as a higher ratio could indicate increased financial leverage and potential challenges in meeting debt obligations.

Overall, the debt-to-capital ratio of Walmart Inc appears to have increased over the past few quarters, indicating a higher level of debt relative to its capital structure. It is essential for investors and stakeholders to assess the company's ability to manage its debt levels and evaluate the associated risks.