Skip to content

Walmart

NASDAQ: WMT · USD

Walmart debt and dilution63

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$50,411M
Jul 31, 2009 through Jul 31, 2026

Cash & equivalents

USD millions

$11,529M

Net debt

USD millions

$38,882M

Debt / equity

×

0.48×

Debt / assets

%

17.15%

Net debt / EBITDA

× · TTM

0.82×

Debt / FCF

× · TTM

3.73×

Interest coverage

× · TTM

17.36×

Current ratio

×

0.77×

Diluted shares

Million shares

7,978M shares

Basic shares

Million shares

7,954M shares

Share count growth

%

-0.3%

Share repurchases

USD millions

$3,024M

Quarterly data

Walmart capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2027 Q2Jul 31, 202650,41111,52938,8820.48×17.15%0.82×3.73×17.36×0.77×7,9787,954-0.3%3,024
FY 2027 Q1Apr 30, 202651,45610,72940,7270.51×17.77%0.91×4.1×12.72×0.77×7,9997,969-0.52%2,080
FY 2026 Q4Jan 31, 202644,76210,72734,0350.42×15.72%0.77×3×12.87×0.79×8,010.137,971.13-0.76%1,080
FY 2026 Q3Oct 31, 202546,36910,58235,7870.45×16.06%0.84×3.04×12.43×0.8×8,0117,974-0.8%808
FY 2026 Q2Jul 31, 202543,4889,43134,0570.45×16.06%0.8×3.16×12.8×0.79×8,0167,978-0.82%1,645
FY 2026 Q1Apr 30, 202546,2009,31136,8890.51×17.61%0.86×3.42×13.65×0.78×8,0518,011-0.52%4,555
FY 2025 Q4Jan 31, 202539,0679,03730,0300.4×14.98%0.71×3.09×13.05×0.82×8,078.028,032.07-0.48%1,445
FY 2025 Q3Oct 31, 202440,47010,04930,4210.43×15.36%0.73×2.38×12.91×0.85×8,0828,038-0.51%977
FY 2025 Q2Jul 31, 202440,0548,81131,2430.44×15.74%0.77×3.34×12.27×0.8×8,0818,044-0.43%1,013
FY 2025 Q1Apr 30, 202443,2509,40533,8450.49×17.02%0.85×2.99×12.07×0.8×8,0848,053-0.36%1,059
FY 2024 Q4Jan 31, 202440,4579,86730,5900.45×16.03%0.79×2.68×11.96×0.83×8,105.038,071.07-0.26%1,497
FY 2024 Q3Oct 31, 202349,09012,15436,9360.57×18.94%1×3.87×11.49×0.85×8,1098,079-0.66%111
FY 2024 Q2Jul 31, 202344,24913,88830,3610.52×17.34%0.92×2.3×10.24×0.83×8,1098,079-1.57%485
FY 2024 Q1Apr 30, 202343,80610,57533,2310.55×17.88%1.02×2.25×10.77×0.82×8,1128,082-2.18%686
FY 2023 Q4Jan 31, 202339,2128,62530,5870.47×16.12%0.97×3.27×11.43×0.82×8,121.888,091.88-2.67%1,212
FY 2023 Q3Oct 31, 202246,20411,58734,6170.58×18.66%1.1×6.59×12.86×0.86×8,1338,133-2.66%2,961
FY 2023 Q2Jul 31, 202245,75113,92331,8280.53×18.51%0.92×8.44×15.66×0.84×8,2358,208-2.25%3,339
FY 2023 Q1Apr 30, 202247,18611,81735,3690.55×19.17%1.01×15.06×15.56×0.86×8,2958,262-2.17%2,408
FY 2022 Q4Jan 31, 202238,07714,76023,3170.41×15.55%0.64×3.44×15.5×0.93×8,343.788,313.68-2.01%2,419
FY 2022 Q3Oct 31, 202138,44716,11122,3360.42×15.7%0.62×2.25×14.51×0.95×8,3918,355-1.69%2,168
FY 2022 Q2Jul 31, 202141,86922,83119,0380.48×17.55%0.52×2.35×14.13×0.96×8,4368,397-1.17%2,391
FY 2022 Q1Apr 30, 202144,13522,84621,2890.52×18.66%0.6×2.08×12.45×0.95×8,4878,445-0.57%2,809
FY 2021 Q4Jan 31, 202144,53317,74126,7920.51×17.64%0.8×1.73×11.41×0.97×8,523.138,484.07-0.25%1,439
FY 2021 Q3Oct 31, 202045,44714,32531,1220.52×18.12%0.93×1.88×10.6×0.84×8,5478,499-0.35%463
FY 2021 Q2Jul 31, 202046,86916,90629,9630.58×19.74%0.92×1.98×9.68×0.79×8,5448,496-0.74%0
FY 2021 Q1Apr 30, 202053,03714,93038,1070.72×22.77%1.19×2.87×9.55×0.77×8,5478,493-1.32%723
FY 2020 Q4Jan 31, 202049,6519,46540,1860.61×20.99%1.27×3.41×9.09×0.79×8,568.398,505.49-2.11%888
FY 2020 Q3Oct 31, 201953,9318,60645,3250.69×22.49%1.41×3.88×9.39×0.81×8,5838,529-2.77%1,122
FY 2020 Q2Jul 31, 201952,4819,28343,1980.68×22.35%1.33×3.1×9.7×0.76×8,6078,559-3.16%1,572
FY 2020 Q1Apr 30, 201953,7179,25544,4620.72×22.9%1.37×3.48×10.23×0.77×8,6588,607-2.75%2,135
FY 2019 Q4Jan 31, 201950,6217,72242,8990.64×23.08%1.31×2.91×11.12×0.8×8,737.088,689.08-2.03%3,249
FY 2019 Q3Oct 31, 201853,6619,17444,4870.68×23.68%1.43×2.91×11.03×0.81×8,8238,772-1.91%2,317
FY 2019 Q2Jul 31, 201846,49215,84030,6520.63×22.56%0.99×2.56×10.9×0.93×8,8388,838-2.06%1,305
FY 2019 Q1Apr 30, 201838,8157,88530,9300.5×18.94%1×2.13×10.66×0.73×8,9018,850-2.8%539
FY 2018 Q4Jan 31, 201839,0406,75632,2840.48×19.09%1.04×2.13×10.33×0.76×8,932.088,869.27-3.46%1,640
FY 2018 Q3Oct 31, 201742,5777,02635,5510.54×20.33%1.09×2.26×10.88×0.81×8,9888,943-3.5%2,209
FY 2018 Q2Jul 31, 201740,2226,46933,7530.51×19.95%1.03×2.29×10.92×0.78×9,0639,024-3.25%2,262
FY 2018 Q1Apr 30, 201739,6476,54533,1020.52×19.85%1×1.95×11.08×0.77×9,1419,105-3.47%2,185
FY 2017 Q4Jan 31, 201739,3706,86732,5030.49×19.8%0.99×1.88×11.14×0.86×9,228.789,186.85-3.26%2,044
FY 2017 Q3Oct 31, 201643,5265,93937,5870.54×21.04%1.14×2.04×11.55×0.86×9,3009,267-3.77%1,402
FY 2017 Q2Jul 31, 201640,8707,67633,1940.52×20.65%0.99×1.93×11.96×0.85×9,3579,327-3.48%2,117
FY 2017 Q1Apr 30, 201643,2217,59735,6240.56×21.75%1.07×2.45×11.83×0.84×9,4629,432-2.69%2,735
FY 2016 Q4Jan 31, 201643,6678,70534,9620.52×21.88%1.04×2.74×11.89×0.93×9,526.379,496.37-1.91%2,392
FY 2016 Q3Oct 31, 201546,3236,99039,3330.56×22.58%1.13×2.91×12.02×0.92×9,6579,630-0.59%437
FY 2016 Q2Jul 31, 201544,3305,75138,5790.54×22.32%1.09×3.02×11.98×0.89×9,6939,663-0.28%1,003
FY 2016 Q1Apr 30, 201545,7077,75937,9480.57×22.77%1.06×3.08×12.37×0.89×9,7299,693-0.06%280
FY 2015 Q4Jan 31, 201547,4889,13538,3530.55×23.31%1.06×2.9×12.56×0.97×9,7299,681.1-0.38%0
FY 2015 Q3Oct 31, 201452,6136,71845,8950.63×25.31%1.29×3.88×12.54×0.92×9,7209,687-0.86%82
FY 2015 Q2Jul 31, 201451,1796,18444,9950.62×25.09%1.26×4.36×12.77×0.89×9,7239,690-1.46%307
FY 2015 Q1Apr 30, 201452,5036,01246,4910.67×25.9%1.31×4.38×12.71×0.88×9,7449,699-2.06%626
FY 2014 Q4Jan 31, 201453,5447,28146,2630.66×26.15%1.29×5.28×12.97×0.88×9,759.989,717.98-3.05%877
FY 2014 Q3Oct 31, 201358,6668,73649,9300.75×27.95%1.35×6.16×13.93×0.87×9,8139,771-3.18%1,710
FY 2014 Q2Jul 31, 201354,0099,01644,9930.7×26.87%1.23×4.58×13.87×0.83×9,8739,834-3.13%1,850
FY 2014 Q1Apr 30, 201353,7588,85544,9030.71×26.59%1.23×4.65×14.07×0.82×9,9549,903-3.17%2,246
FY 2013 Q4Jan 31, 201350,7867,78143,0050.62×25%1.18×4×14.06×0.83×10,068.7210,023.72-2.34%2,943
FY 2013 Q3Oct 31, 201254,1628,64345,5190.69×26.32%1.26×3.77×13.79×0.83×10,13710,092-2.35%1,228
FY 2013 Q2Jul 31, 201251,3227,93543,3870.69×26.23%1.22×4.02×13.63×0.82×10,19410,152-2.53%1,840
FY 2013 Q1Apr 30, 201251,2648,11743,1470.69×26.01%1.22×3.61×13.22×0.83×10,27510,227-2.52%1,589
FY 2012 Q4Jan 31, 201250,0926,55043,5420.66×25.9%1.26×4.66×13.06×0.88×10,306.2710,264.27-3.6%1,341
FY 2012 Q3Oct 31, 201155,9367,06348,8730.78×28.68%1.43×4.92×12.82×0.88×10,37410,335-4.76%1,417
FY 2012 Q2Jul 31, 201153,4608,10245,3580.73×27.61%1.34×5.08×12.87×0.86×10,45510,416-6.06%1,411
FY 2012 Q1Apr 30, 201152,1109,40042,7100.77×28.01%1.28×4.3×13.09×0.9×10,53910,491-7.12%2,129
FY 2011 Q4Jan 31, 201146,3787,39538,9830.65×25.67%1.17×4.24×13.25×0.89×10,689.5210,647.52-6.69%3,804
FY 2011 Q3Oct 31, 201053,35110,61642,7350.78×28.55%1.32×3.96×13.19×0.87×10,89310,851-6.08%3,860
FY 2011 Q2Jul 31, 201045,81410,19535,6190.68×25.89%1.1×3.19×13.6×0.81×11,12111,088-5.01%4,145
FY 2011 Q1Apr 30, 201043,4928,51634,9760.63×24.94%1.1×3.78×13.66×0.8×11,34311,295—2,967
FY 2010 Q4Jan 31, 201037,8047,90729,8970.52×22.15%0.96×2.69×13.4×0.87×11,452.9611,411.05—2,171
FY 2010 Q3Oct 31, 200943,8026,00337,7990.63×25.33%———0.88×11,58311,553—2,313
FY 2010 Q2Jul 31, 200941,6607,99733,6630.61×24.66%———0.86×11,70011,673—1,906
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · WMT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.