Stock Analysis on Net
Stock Analysis on Net

Walmart Inc. (NASDAQ:WMT)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Paying user area

Try for free

Walmart Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Walmart Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 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
Cash and cash equivalents
Receivables, net
Inventories
Prepaid expenses and other
Current assets
Property and equipment, net
Finance lease right-of-use assets, net
Property and equipment, including finance lease right-of-use assets, net
Operating lease right-of-use assets
Goodwill
Other long-term assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).

The composition of assets at the company exhibits several notable trends over the observed period from April 2020 to July 2025. Current assets, while consistently representing a significant portion of the total, demonstrate fluctuations, while long-term assets maintain a relatively stable, dominant presence. Specific asset categories within these broader classifications show distinct patterns worthy of examination.

Liquidity and Current Assets
Current assets as a percentage of total assets initially stood at 27.19% in April 2020, increasing to a peak of 35.67% in January 2021. This increase was largely driven by a substantial rise in prepaid expenses and other current assets during that period. Following this peak, current assets generally decreased to 30.46% by April 2024, before increasing again to 33.01% in October 2024 and settling at 30.46% in July 2025. Within current assets, cash and cash equivalents remained relatively stable, fluctuating between approximately 3.46% and 9.66% of total assets. Receivables, net, exhibited a consistent upward trend from 2.16% in April 2020 to 4.20% in October 2025. Inventories consistently represented the largest component of current assets, ranging from 17.31% to 26.13% of total assets, with a general increasing trend throughout the period.
Long-Term Investments
Property and equipment, net, consistently constituted the largest portion of long-term assets, generally ranging between 36.52% and 46.33% of total assets. A noticeable increase in the proportion of property and equipment, including finance lease right-of-use assets, occurred between 2023 and 2025, reaching 49.96% in January 2026. Goodwill represented a substantial, though gradually decreasing, portion of total assets, declining from 12.63% in April 2020 to 9.95% in April 2025. Other long-term assets showed more volatility, peaking at 9.06% in October 2020 and decreasing to 4.55% in October 2024 before a slight recovery to 4.95% in July 2025.
Lease Obligations
Finance lease right-of-use assets, net, increased steadily from 1.98% in April 2020 to 2.32% in October 2023, before decreasing slightly to 2.15% in July 2025. Operating lease right-of-use assets also showed a gradual decline, from 7.25% in April 2020 to 5.18% in July 2025. The combined impact of these lease assets contributed to a growing proportion of long-term assets.

Overall, the asset structure demonstrates a shift towards a greater proportion of long-term assets, particularly property and equipment, alongside a fluctuating but generally stable level of current assets. The gradual decline in goodwill suggests potential asset impairment or strategic divestitures. The consistent increase in receivables warrants further investigation to assess the efficiency of credit and collection policies.