Analysis of Debt

Walmart Inc., balance sheet: debt

US$ in millions

	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Short-term borrowings	3,068)	878)	372)	410)	224)	575)
Long-term debt due within one year	2,598)	3,447)	4,191)	2,803)	3,115)	5,362)
Finance lease obligations due within one year	800)	725)	567)	511)	491)	511)
Long-term debt, excluding due within one year	33,401)	36,132)	34,649)	34,864)	41,194)	43,714)
Long-term finance lease obligations, excluding due within one year	5,923)	5,709)	4,843)	4,243)	3,847)	4,307)
Total debt and finance lease obligations (carrying amount)	45,790)	46,891)	44,622)	42,831)	48,871)	54,469)

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Debt item	Description	The company
Total debt and finance lease obligations (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Walmart Inc. total debt increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.

	Jan 31, 2025
Selected Financial Data (US$ in millions)
Short-term borrowings	3,068)
Long-term debt, including amounts due within one year	33,790)
Finance lease obligations	6,723)
Total debt and finance lease obligations (fair value)	43,581)
Financial Ratio
Debt, fair value to carrying amount ratio	0.95

Weighted-average stated interest rate on debt and finance lease obligations: 4.41%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.30%	3,068)	163)
3.80%	31,406)	1,193)
4.00%	1,715)	69)
5.40%	3,336)	180)
0.50%	389)	2)
6.70%	6,723)	450)
Total	46,637)	2,057)
4.41%

¹ US$ in millions

² Weighted-average interest rate = 100 × 2,057 ÷ 46,637 = 4.41%

Walmart Inc. (NYSE:WMT)