Stock Analysis on Net

Walmart Inc. (NYSE:WMT) 

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Walmart Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
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 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Short-term borrowings 5,595 3,068 3,579 3,195 5,457 878 9,942 4,546 1,711 372 6,811 10,634 11,432 410 447 671 362 224 240 357 4,048 575 4,926 3,681 4,828
Accounts payable 57,700 58,666 62,863 56,716 56,071 56,812 61,049 56,576 54,268 53,742 57,263 54,191 52,926 55,261 57,156 49,601 48,151 49,141 54,152 46,326 44,096 46,973 49,750 45,871 45,110
Dividends payable 5,660 1,674 3,343 5,013 1,533 3,067 4,602 1,527 3,049 4,631 1,528 3,109 4,651 1,529 3,060 4,588 1,507 3,023 4,551
Accrued liabilities 26,085 29,345 28,117 27,656 24,092 28,759 26,132 29,239 27,527 31,126 27,443 23,843 21,061 26,060 24,474 23,915 21,371 37,966 24,995 23,768 20,377 22,296 20,973 20,691 21,023
Accrued income taxes 1,465 608 783 576 1,276 307 606 770 1,325 727 900 868 904 851 446 267 851 242 548 610 1,303 280 327 387 729
Long-term debt due within one year 4,085 2,598 3,246 1,495 1,865 3,447 2,806 2,897 3,975 4,191 5,458 5,316 3,580 2,803 1,575 1,617 3,500 3,115 4,358 5,553 5,983 5,362 4,093 4,396 1,464
Operating lease obligations due within one year 1,539 1,499 1,507 1,493 1,482 1,487 1,474 1,472 1,490 1,473 1,457 1,464 1,485 1,483 1,486 1,441 1,448 1,466 1,725 1,734 1,729 1,793 1,740 1,795 1,748
Finance lease obligations due within one year 791 800 789 786 844 725 688 653 607 567 549 534 511 511 508 501 507 491 574 549 523 511 468 439 435
Current liabilities 102,920 96,584 102,558 95,260 96,100 92,415 104,230 99,220 95,505 92,198 101,408 99,899 96,530 87,379 87,620 81,122 80,841 92,645 88,121 81,957 82,647 77,790 83,784 80,283 79,888
Long-term debt, excluding due within one year 36,520 33,401 33,645 35,364 35,928 36,132 36,342 36,806 38,120 34,649 33,935 29,801 32,174 34,864 36,425 39,581 40,273 41,194 40,849 40,959 43,006 43,714 44,912 44,404 47,425
Long-term operating lease obligations, excluding due within one year 12,797 12,825 12,927 12,811 12,840 12,943 12,817 12,978 12,925 12,828 12,658 13,140 13,226 13,009 13,095 13,116 12,930 12,909 15,982 15,669 15,669 16,171 15,741 16,079 15,719
Long-term finance lease obligations, excluding due within one year 5,878 5,923 6,056 6,161 6,047 5,709 5,670 5,449 5,039 4,843 4,512 4,420 4,409 4,243 4,061 3,952 3,802 3,847 4,750 4,673 4,474 4,307 4,068 3,915 3,810
Deferred income taxes and other 13,609 14,398 13,748 14,072 14,849 14,629 14,304 15,109 13,999 14,688 14,760 14,092 13,943 13,474 12,893 13,654 14,143 14,370 13,657 12,927 12,986 12,961 13,018 13,049 12,792
Long-term liabilities 68,804 66,547 66,376 68,408 69,664 69,413 69,133 70,342 70,083 67,008 65,865 61,453 63,752 65,590 66,474 70,303 71,148 72,320 75,238 74,228 76,135 77,153 77,739 77,447 79,746
Total liabilities 171,724 163,131 168,934 163,668 165,764 161,828 173,363 169,562 165,588 159,206 167,273 161,352 160,282 152,969 154,094 151,425 151,989 164,965 163,359 156,185 158,782 154,943 161,523 157,730 159,634
Redeemable noncontrolling interest 307 271 189 207 217 222 228 232 234 237 260 260 260
Common stock 799 802 803 803 805 805 269 269 269 269 270 272 275 276 277 278 280 282 283 283 284 284 284 285 286
Capital in excess of par value 5,441 5,503 5,395 5,010 4,625 4,544 4,929 4,635 5,248 4,969 4,817 4,672 4,587 4,839 4,811 3,655 3,424 3,646 3,485 3,197 2,983 3,247 3,091 2,880 2,734
Retained earnings 90,849 98,313 94,435 90,788 87,230 89,814 85,831 85,470 78,035 83,135 77,946 82,519 80,532 86,904 85,674 84,572 82,577 88,763 92,279 87,614 81,141 83,943 80,656 78,432 76,276
Accumulated other comprehensive loss (13,296) (13,605) (12,525) (12,178) (11,367) (11,302) (11,573) (10,818) (11,147) (11,680) (10,780) (9,894) (8,498) (8,766) (8,488) (7,976) (7,946) (11,766) (14,616) (15,784) (16,168) (12,805) (12,382) (11,270) (11,091)
Total Walmart shareholders’ equity 83,793 91,013 88,108 84,423 81,293 83,861 79,456 79,556 72,405 76,693 72,253 77,569 76,896 83,253 82,274 80,529 78,335 80,925 81,431 75,310 68,240 74,669 71,649 70,327 68,205
Nonredeemable noncontrolling interest 6,548 6,408 6,168 6,142 6,780 6,488 6,127 5,771 6,826 7,061 7,870 8,018 8,704 8,638 8,483 6,598 6,257 6,606 6,073 5,887 5,870 6,883 6,658 6,804 6,705
Total shareholders’ equity 90,341 97,421 94,276 90,565 88,073 90,349 85,583 85,327 79,231 83,754 80,123 85,587 85,600 91,891 90,757 87,127 84,592 87,531 87,504 81,197 74,110 81,552 78,307 77,131 74,910
Total liabilities, redeemable noncontrolling interest, and shareholders’ equity 262,372 260,823 263,399 254,440 254,054 252,399 259,174 255,121 245,053 243,197 247,656 247,199 246,142 244,860 244,851 238,552 236,581 252,496 250,863 237,382 232,892 236,495 239,830 234,861 234,544

Based on: 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).


Short-term borrowings
The short-term borrowings display considerable volatility over the periods, with values ranging from a low of 224 million USD to a high surpassing 11 billion USD. Notable peaks occur around April 2022 and October 2023, indicating periods of increased short-term funding requirements. The fluctuations suggest the company intermittently relies on short-term debt for liquidity or operational needs, without a stable upward or downward trend.
Accounts payable
Accounts payable generally show an upward trend, increasing from approximately 45 billion USD in early 2019 to over 62 billion USD by late 2024, despite some intermittent declines. This rise indicates the company's growing obligations to suppliers and vendors, possibly reflecting increased purchasing activity or stretched payment terms.
Dividends payable
Dividends payable exhibit a consistent seasonal pattern with payments roughly every four quarters, typically ranging from about 1.5 billion USD to around 5.6 billion USD. The increasing peaks towards recent periods suggest a gradual growth in declared dividends over time, reflecting an increasing shareholder remuneration policy.
Accrued liabilities
Accrued liabilities fluctuate between approximately 20 billion USD and 31 billion USD through the periods. There is a generally stable pattern with episodic spikes, notably around early 2021 and extending through 2023, indicating occasional increases in accrued expenses or liabilities yet no persistent upward or downward trend.
Accrued income taxes
Accrued income taxes show variability with some notable spikes, such as the increase to 1.3 billion USD in April 2020 and April 2023. These elevated points likely correspond to tax payment periods or adjustments. Overall, the balance remains relatively low compared to other liabilities, showing no clear long-term trend.
Long-term debt due within one year
This metric reveals a fluctuating pattern mainly between 1.5 billion USD and over 5 billion USD, with occasional spikes around early 2020 and mid-2022. The variability suggests a changing schedule of debt maturities approaching within the year without a defined trend, reflecting shifting debt refinancing or repayment activity.
Operating lease obligations due within one year
The current portion of operating lease obligations remains relatively stable, fluctuating narrowly around approximately 1.4 to 1.5 billion USD throughout the periods, indicating predictable short-term lease commitments.
Finance lease obligations due within one year
Finance lease obligations due within one year show a gradually increasing trend, rising from around 435 million USD in early 2019 to over 800 million USD by the most recent periods. This increase suggests an expanding use of finance leases or growing short-term lease liabilities.
Current liabilities
Current liabilities exhibit general growth from nearly 80 billion USD in 2019 to above 102 billion USD in late 2024, with mild fluctuations. This growth reflects increased obligations that must be settled within a year, consistent with the rise in accounts payable and short-term borrowings.
Long-term debt, excluding due within one year
Long-term debt shows a declining trend from approximately 47.4 billion USD in early 2019 to about 33.6 billion USD by winter 2024, despite some fluctuations. This reduction suggests debt repayment or refinancing activities aimed at lowering long-term liabilities.
Long-term operating lease obligations, excluding due within one year
These obligations remain relatively stable around 12.8 to 16 billion USD, with minor variations, indicating consistent long-term operating lease commitments without significant growth or reduction.
Long-term finance lease obligations, excluding due within one year
A steady increase is observed, rising from about 3.8 billion USD to nearly 6 billion USD over the analyzed periods. This pattern may reflect growing reliance on finance leases for longer-term asset usage or capital structure.
Deferred income taxes and other
These items fluctuate modestly around 12.7 to 15.1 billion USD, with small cyclical variations but no clear directional trend, suggesting stable deferred tax positions and related liabilities.
Long-term liabilities
Long-term liabilities show a declining pattern, decreasing from roughly 79.7 billion USD in 2019 to around 66.8 billion USD in late 2024, suggesting overall reduction in long-term financial obligations over the interval.
Total liabilities
Total liabilities manifest fluctuations between approximately 154 billion USD and 173 billion USD, with an overall slightly increasing tendency culminating near the end of the series. This could be indicative of balancing between short-term and long-term liabilities.
Redeemable noncontrolling interest
Redeemable noncontrolling interest is mostly absent or zero in early periods, becoming evident from 2021 with small values around 200-300 million USD, showing gradual declines over time. This reflects minor stakes in entities that could be redeemed or bought back.
Common stock
Common stock value remains quite stable around 270-285 million USD until a jump to over 800 million USD in 2024, with minimal subsequent variation. The change likely indicates a stock reclassification, issuance, or split, rather than organic growth.
Capital in excess of par value
Capital in excess of par value increases with fluctuations, moving unevenly between approximately 2.7 billion USD and 5.5 billion USD. This volatility signals ongoing equity transactions such as stock issuance or treasury shares adjustments.
Retained earnings
Retained earnings show a cyclical pattern with some declines and recoveries but maintain a general upward trajectory from about 76 billion USD to over 98 billion USD by late 2024. This indicates sustained profitability and profit retention over time.
Accumulated other comprehensive loss
Accumulated other comprehensive loss deepens overall, rising from around -11 billion USD to approximately -13 billion USD with considerable fluctuations. This signals growing unrealized losses or valuation changes impacting equity.
Total Walmart shareholders’ equity
Shareholders’ equity fluctuates moderately from about 68 billion USD to over 91 billion USD with no clear trend in mid-periods, followed by stronger increases in later periods. This reflects retained earnings growth somewhat offset by comprehensive loss and equity transactions.
Nonredeemable noncontrolling interest
Nonredeemable noncontrolling interest remains relatively steady, fluctuating between 5.7 billion USD and 8.5 billion USD, suggesting stable minority ownership stakes without significant dilution or acquisition.
Total shareholders’ equity
Total shareholders’ equity presents a modest uptrend over time, increasing from around 75 billion USD in 2019 to almost 97 billion USD by late 2024, indicating strengthening equity position overall despite interim fluctuations.
Total liabilities, redeemable noncontrolling interest, and shareholders’ equity
This consolidated total exhibits some volatility but generally rises from about 234.5 billion USD to over 262 billion USD across the analyzed periods, aligned with the combined changes in liabilities and equity indicating gradual growth in the company's total financing and capital structure.