Common-Size Balance Sheet: Assets
Quarterly Data
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- Balance Sheet: Assets
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
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Walmart Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets showed variability over the periods. Initially stable around 3.5% to 4%, there was a notable increase during the 2020 fiscal year, peaking above 9% in mid-2021. Since then, it gradually declined back to a range around 3.5% by 2025, indicating a cycle of liquidity buildup possibly linked to external market conditions or strategic cash reserves adjustments.
- Receivables, Net
- Receivables as a percentage of total assets trended upward from about 2.3% in 2019 to over 4.2% by 2025. This steady growth suggests increasing credit extended to customers or changes in payment terms. The consistent rise highlights a growing significance of receivables in the asset structure.
- Inventories
- Inventories displayed a generally upward trend with fluctuations. From roughly 19% in early 2019, the ratio climbed, reaching peaks above 26% in late 2022 before somewhat retreating but remaining elevated around 22% in later years. This suggests inventory accumulation or changes in inventory management policies, possibly reflecting responses to supply chain dynamics or sales strategy adjustments.
- Prepaid Expenses and Other
- The share of prepaid expenses and similar assets stayed relatively low, with minor fluctuations mostly between 0.6% and 1.7%. An anomalous spike to above 8% in early 2021 appears likely to be data irregularity or a one-time event. Aside from that, the category reflects a stable, minor portion of total assets.
- Current Assets
- Current assets as a total percentage of assets exhibited moderate fluctuation, generally ranging between 26% and 35%. The highest concentration occurred around early 2021. The data indicate a balanced approach in managing short-term resources relative to total assets, with no extreme volatility.
- Property and Equipment, Net
- The net value of property and equipment showed a declining trend from around 44.6% in 2019 to approximately 36.5% by early 2021, followed by a recovery back to roughly 45% in later years. This pattern reflects possible disposal or depreciation followed by reinvestment or asset appreciation, which could be linked to capital expenditure cycles.
- Finance Lease Right-of-Use Assets, Net
- This category illustrated a gradual increase from about 1.6% to a peak near 2.5% by mid-2024, after which there was a slight decline. The trend suggests expanded use of finance leases before some contraction, indicative of shifting leasing strategies or asset-management decisions.
- Combined Property and Equipment Including Finance Leases
- The combined measure follows the trends described separately, decreasing sharply into early 2021 then steadily rising to nearly 48% by 2025. This overall growth in fixed and leased assets points to an increasing capital intensity or acquisition of long-term productive assets over time.
- Operating Lease Right-of-Use Assets
- The share of operating lease right-of-use assets decreased from about 7.3% to just above 5% over the period. There is a gradual decline post-2019, indicating a reduced reliance on operating leases or renegotiation of lease terms leading to a smaller asset base in this category.
- Goodwill
- Goodwill as a percentage of total assets declined from about 13.4% to under 10% by 2025, reflecting either impairment charges, divestitures, or a slower pace of acquisitions relative to asset growth. The gradual reduction implies careful assessment of acquired intangible assets or shifts in acquisition strategy.
- Other Long-Term Assets
- This category fluctuated between approximately 4.5% and 9.3%, with irregular movements that do not indicate a clear directional trend. Variations may result from reclassifications, investments, or valuation adjustments affecting this residual asset group.
- Long-Term Assets Overall
- The total proportion of long-term assets remained dominant, ranging broadly between 64% and nearly 70%. There is a noticeable dip around 2021 but a return to higher levels towards 2025. The data suggest a consistent emphasis on maintaining substantial investment in long-term assets relative to the total asset base.
- Total Assets
- The total assets consistently sum to 100%, as expected, serving as the baseline for proportional analyses.
- Summary
- Across the periods analyzed, the asset composition shows a substantial commitment to long-term assets, with fluctuations in liquidity measures such as cash and current assets indicative of tactical adjustments. The increase in receivables and inventories suggests elevated operational activity or changing working capital dynamics. Meanwhile, decreases in operating lease assets and goodwill percentages may imply strategic shifts away from leased properties and caution in acquisition-related goodwill. Overall, the asset structure reflects dynamic but coherent adjustments aligned with operational and capital management strategies over several years.