Analysis of Debt
Paying user area
Try for free
Walmart Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Total Debt (Carrying Amount)
Walmart Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
The data reveals several notable trends in the company's debt structure over the six-year period from January 31, 2020, to January 31, 2025. Overall, total debt and finance lease obligations exhibit a downward trend initially, followed by some fluctuations in subsequent years.
- Short-term borrowings
- These liabilities fluctuated significantly, starting at 575 million in 2020 and dropping sharply to 224 million in 2021. There was a moderate rebound to 410 million in 2022, then a slight decrease to 372 million in 2023. The figure rose markedly to 878 million in 2024 and then surged notably to 3,068 million in 2025, indicating increased short-term borrowing requirements or refinancing activities toward the end of the period.
- Long-term debt due within one year
- This category decreased substantially from 5,362 million in 2020 to 3,115 million in 2021 and continued to decline to 2,803 million in 2022. However, it rebounded sharply to 4,191 million in 2023 before declining again to 3,447 million in 2024 and further to 2,598 million in 2025. This pattern suggests periodic refinancing or strategic management of debt maturities approaching within one year.
- Finance lease obligations due within one year
- These obligations remained relatively stable, with a slight downward trend from 511 million in 2020 to 491 million in 2021, followed by a gradual increase in subsequent years, reaching 800 million by 2025. This suggests a moderate increase in short-term lease commitments.
- Long-term debt, excluding due within one year
- This component shows a consistent downward trend from 43,714 million in 2020 to 34,864 million in 2022, stabilizing somewhat around 34,649 million in 2023, followed by a minor increase to 36,132 million in 2024, and a decline again to 33,401 million in 2025. This indicates an overall reduction in long-term debt, possibly through repayments or refinancing.
- Long-term finance lease obligations, excluding due within one year
- Opposite to some other categories, this item increased steadily each year from 4,307 million in 2020 to 5,923 million in 2025. This continuous rise points to expanding long-term lease commitments over the period.
- Total debt and finance lease obligations (carrying amount)
- The total carrying amount decreased significantly from 54,469 million in 2020 to 42,831 million in 2022. Thereafter, it showed a modest recovery to 44,622 million in 2023 and 46,891 million in 2024, followed by a slight decrease to 45,790 million in 2025. This overall pattern reflects an initial reduction in total liabilities with some stabilization and mild increase in later years.
In summary, the debt profile indicates active management with notable decreases in long-term debt and total debt burden in the early years, while short-term borrowings and lease obligations have generally increased toward the end of the period. The continuing rise in long-term lease obligations suggests a strategic shift or increased reliance on leasing arrangements. The fluctuations in short-term borrowings and long-term debt due within one year imply ongoing refinancing and debt maturity management efforts.
Total Debt (Fair Value)
| Jan 31, 2025 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term borrowings | |
| Long-term debt, including amounts due within one year | |
| Finance lease obligations | |
| Total debt and finance lease obligations (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2025-01-31).
Weighted-average Interest Rate on Debt
Weighted-average stated interest rate on debt and finance lease obligations:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2025-01-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =