Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Walmart Inc., liquidity ratios
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Walmart Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Walmart Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Walmart Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Current Ratio
Walmart Inc., current ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 76,877) | 75,655) | 81,070) | 90,067) | 61,806) | 61,897) | |
| Current liabilities | 92,415) | 92,198) | 87,379) | 92,645) | 77,790) | 77,477) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 0.83 | 0.82 | 0.93 | 0.97 | 0.79 | 0.80 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.97 | 1.07 | 1.02 | 1.00 | 1.13 | 1.01 | |
| Target Corp. | 0.91 | 0.92 | 0.99 | 1.03 | 0.89 | 0.83 | |
| Current Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.89 | 0.96 | 0.99 | 0.88 | — | |
| Current Ratio, Industry | |||||||
| Consumer Staples | — | 0.84 | 0.87 | 0.93 | 0.92 | — | |
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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 76,877 ÷ 92,415 = 0.83
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Walmart Inc. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Quick Ratio
Walmart Inc., quick ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 9,867) | 8,625) | 14,760) | 17,741) | 9,465) | 7,722) | |
| Receivables, net | 8,796) | 7,933) | 8,280) | 6,516) | 6,284) | 6,283) | |
| Total quick assets | 18,663) | 16,558) | 23,040) | 24,257) | 15,749) | 14,005) | |
| Current liabilities | 92,415) | 92,198) | 87,379) | 92,645) | 77,790) | 77,477) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.20 | 0.18 | 0.26 | 0.26 | 0.20 | 0.18 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.39 | 0.52 | 0.42 | 0.47 | 0.60 | 0.47 | |
| Target Corp. | 0.27 | 0.20 | 0.33 | 0.48 | 0.24 | 0.18 | |
| Quick Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.26 | 0.31 | 0.34 | 0.29 | — | |
| Quick Ratio, Industry | |||||||
| Consumer Staples | — | 0.37 | 0.38 | 0.43 | 0.47 | — | |
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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,663 ÷ 92,415 = 0.20
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Walmart Inc. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Cash Ratio
Walmart Inc., cash ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 9,867) | 8,625) | 14,760) | 17,741) | 9,465) | 7,722) | |
| Total cash assets | 9,867) | 8,625) | 14,760) | 17,741) | 9,465) | 7,722) | |
| Current liabilities | 92,415) | 92,198) | 87,379) | 92,645) | 77,790) | 77,477) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.11 | 0.09 | 0.17 | 0.19 | 0.12 | 0.10 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Costco Wholesale Corp. | 0.31 | 0.45 | 0.35 | 0.41 | 0.54 | 0.41 | |
| Target Corp. | 0.20 | 0.11 | 0.27 | 0.42 | 0.18 | 0.10 | |
| Cash Ratio, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 0.18 | 0.22 | 0.27 | 0.22 | — | |
| Cash Ratio, Industry | |||||||
| Consumer Staples | — | 0.22 | 0.23 | 0.30 | 0.33 | — | |
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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 9,867 ÷ 92,415 = 0.11
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Walmart Inc. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |