Debt to Equity
since 2005
Calculation
Walmart Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt and finance lease obligations1 | ÷ | Total Walmart shareholders’ equity1 | |
|---|---|---|---|---|---|
| Jan 31, 2024 | 0.56 | = | 46,891) | ÷ | 83,861) |
| Jan 31, 2023 | 0.58 | = | 44,622) | ÷ | 76,693) |
| Jan 31, 2022 | 0.51 | = | 42,831) | ÷ | 83,253) |
| Jan 31, 2021 | 0.60 | = | 48,871) | ÷ | 80,925) |
| Jan 31, 2020 | 0.73 | = | 54,469) | ÷ | 74,669) |
| Jan 31, 2019 | 0.80 | = | 58,033) | ÷ | 72,496) |
| Jan 31, 2018 | 0.60 | = | 46,487) | ÷ | 77,869) |
| Jan 31, 2017 | 0.59 | = | 45,938) | ÷ | 77,798) |
| Jan 31, 2016 | 0.62 | = | 50,034) | ÷ | 80,546) |
| Jan 31, 2015 | 0.62 | = | 50,381) | ÷ | 81,394) |
| Jan 31, 2014 | 0.74 | = | 56,641) | ÷ | 76,255) |
| Jan 31, 2013 | 0.71 | = | 54,136) | ÷ | 76,343) |
| Jan 31, 2012 | 0.75 | = | 53,427) | ÷ | 71,315) |
| Jan 31, 2011 | 0.73 | = | 49,864) | ÷ | 68,542) |
| Jan 31, 2010 | 0.58 | = | 41,320) | ÷ | 70,749) |
| Jan 31, 2009 | 0.65 | = | 42,218) | ÷ | 65,285) |
| Jan 31, 2008 | 0.69 | = | 44,671) | ÷ | 64,608) |
| Jan 31, 2007 | 0.63 | = | 39,018) | ÷ | 61,573) |
| Jan 31, 2006 | 0.73 | = | 38,819) | ÷ | 53,171) |
| Jan 31, 2005 | 0.64 | = | 31,450) | ÷ | 49,396) |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$ in millions
Comparison to Competitors
Walmart Inc., debt to equity, long-term trends, comparison to competitors
| Walmart Inc. | Costco Wholesale Corp. | Dollar General Corp. | Target Corp. | |
|---|---|---|---|---|
| Jan 31, 2024 | 0.56 | 0.25 | 1.04 | 1.19 |
| Jan 31, 2023 | 0.58 | 0.26 | 1.26 | 1.44 |
| Jan 31, 2022 | 0.51 | 0.32 | 0.67 | 1.07 |
| Jan 31, 2021 | 0.60 | 0.43 | 0.62 | 0.88 |
| Jan 31, 2020 | 0.73 | 0.42 | 0.43 | 0.97 |
| Jan 31, 2019 | 0.80 | 0.45 | 0.45 | 1.00 |
| Jan 31, 2018 | 0.60 | 0.51 | 0.49 | 0.99 |
| Jan 31, 2017 | 0.59 | 0.62 | 0.59 | 1.16 |
| Jan 31, 2016 | 0.62 | 0.43 | 0.55 | 0.98 |
| Jan 31, 2015 | 0.62 | 0.58 | 0.48 | 0.91 |
| Jan 31, 2014 | 0.74 | 0.41 | 0.52 | 0.85 |
| Jan 31, 2013 | 0.71 | 0.46 | 0.56 | 1.07 |
| Jan 31, 2012 | 0.75 | 0.11 | 0.56 | 1.11 |
| Jan 31, 2011 | 0.73 | 0.18 | 0.81 | 1.02 |
| Jan 31, 2010 | 0.58 | 0.20 | 1.00 | 1.10 |
| Jan 31, 2009 | 0.65 | 0.23 | — | 1.37 |
| Jan 31, 2008 | 0.69 | 0.26 | — | 1.12 |
| Jan 31, 2007 | 0.63 | 0.26 | — | 0.64 |
| Jan 31, 2006 | 0.73 | 0.06 | — | 0.69 |
| Jan 31, 2005 | 0.64 | 0.09 | — | 0.73 |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Sector (Consumer Staples Distribution & Retail)
Walmart Inc., debt to equity, long-term trends, comparison to sector (consumer staples distribution & retail)
| Walmart Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 31, 2024 | 0.56 | — |
| Jan 31, 2023 | 0.58 | 0.63 |
| Jan 31, 2022 | 0.51 | 0.55 |
| Jan 31, 2021 | 0.60 | 0.61 |
| Jan 31, 2020 | 0.73 | 0.69 |
| Jan 31, 2019 | 0.80 | 0.75 |
| Jan 31, 2018 | 0.60 | 0.62 |
| Jan 31, 2017 | 0.59 | 0.65 |
| Jan 31, 2016 | 0.62 | 0.64 |
| Jan 31, 2015 | 0.62 | 0.65 |
| Jan 31, 2014 | 0.74 | 0.71 |
| Jan 31, 2013 | 0.71 | 0.73 |
| Jan 31, 2012 | 0.75 | 0.72 |
| Jan 31, 2011 | 0.73 | 0.71 |
| Jan 31, 2010 | 0.58 | 0.64 |
| Jan 31, 2009 | 0.65 | 0.71 |
| Jan 31, 2008 | 0.69 | 0.72 |
| Jan 31, 2007 | 0.63 | 0.60 |
| Jan 31, 2006 | 0.73 | 0.64 |
| Jan 31, 2005 | 0.64 | 0.59 |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Industry (Consumer Staples)
Walmart Inc., debt to equity, long-term trends, comparison to industry (consumer staples)
| Walmart Inc. | Consumer Staples | |
|---|---|---|
| Jan 31, 2024 | 0.56 | — |
| Jan 31, 2023 | 0.58 | 1.38 |
| Jan 31, 2022 | 0.51 | 1.25 |
| Jan 31, 2021 | 0.60 | 1.26 |
| Jan 31, 2020 | 0.73 | 1.43 |
| Jan 31, 2019 | 0.80 | 1.34 |
| Jan 31, 2018 | 0.60 | 1.19 |
| Jan 31, 2017 | 0.59 | 1.23 |
| Jan 31, 2016 | 0.62 | 1.12 |
| Jan 31, 2015 | 0.62 | 1.10 |
| Jan 31, 2014 | 0.74 | 1.05 |
| Jan 31, 2013 | 0.71 | 0.95 |
| Jan 31, 2012 | 0.75 | 0.91 |
| Jan 31, 2011 | 0.73 | 0.85 |
| Jan 31, 2010 | 0.58 | 0.77 |
| Jan 31, 2009 | 0.65 | 0.72 |
| Jan 31, 2008 | 0.69 | 0.68 |
| Jan 31, 2007 | 0.63 | 0.53 |
| Jan 31, 2006 | 0.73 | 0.54 |
| Jan 31, 2005 | 0.64 | 0.65 |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).