Walmart Inc. Working Capital to Net Assets Ratio
Walmart Inc. working capital to net assets ratio. Walmart Inc. (WMT) has a Working Capital to Net Assets ratio of -25.8% as of July 2026. Working capital of $-26.93 Billion (current assets of $88.70 Billion minus current liabilities of $115.63 Billion) is measured against net assets of $104.51 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Walmart Inc. (1986–2026)
Working capital to net assets ratio of Walmart Inc. from 1986 to 2026. This chart shows how Walmart Inc.'s Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2026. As of July 2026, the ratio stands at -25.8%, reflecting working capital of $-26.93 Billion against net assets of $104.51 Billion USD. Explore WMT long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Walmart Inc. Working Capital to Net Assets Ratio by Year (1986–2026)
Walmart Inc. working capital to net assets ratio by year from 1986 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for Walmart Inc. from 1986 to 2026, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see balance sheet size of Walmart Inc..
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -21.3% | $-22.59 Billion | $106.18 Billion | $84.87 Billion | $107.47 Billion | ▼ -3.7 pp |
| 2025 | -17.5% | $-17.13 Billion | $97.69 Billion | $79.46 Billion | $96.58 Billion | ▼ -0.4 pp |
| 2024 | -17.2% | $-15.54 Billion | $90.57 Billion | $76.88 Billion | $92.42 Billion | ▲ +2.5 pp |
| 2023 | -19.7% | $-16.54 Billion | $83.99 Billion | $75.92 Billion | $92.46 Billion | ▼ -12.8 pp |
| 2022 | -6.9% | $-6.31 Billion | $91.89 Billion | $81.07 Billion | $87.38 Billion | ▼ -3.9 pp |
| 2021 | -2.9% | $-2.58 Billion | $87.53 Billion | $90.07 Billion | $92.64 Billion | ▲ +16.7 pp |
| 2020 | -19.6% | $-15.98 Billion | $81.55 Billion | $61.81 Billion | $77.79 Billion | ▼ 0.0 pp |
| 2019 | -19.6% | $-15.58 Billion | $79.63 Billion | $61.90 Billion | $77.48 Billion | ▲ +3.8 pp |
| 2018 | -23.3% | $-18.86 Billion | $80.82 Billion | $59.66 Billion | $78.52 Billion | ▼ -11.9 pp |
| 2017 | -11.5% | $-9.24 Billion | $80.53 Billion | $57.69 Billion | $66.93 Billion | ▼ -6.2 pp |
| 2016 | -5.2% | $-4.38 Billion | $83.61 Billion | $60.24 Billion | $64.62 Billion | ▼ -2.9 pp |
| 2015 | -2.3% | $-1.99 Billion | $85.94 Billion | $63.28 Billion | $65.27 Billion | ▲ +7.5 pp |
| 2014 | -9.9% | $-8.16 Billion | $82.83 Billion | $61.19 Billion | $69.34 Billion | ▲ +4.6 pp |
| 2013 | -14.4% | $-11.88 Billion | $82.26 Billion | $59.94 Billion | $71.82 Billion | ▼ -4.8 pp |
| 2012 | -9.6% | $-7.33 Billion | $76.17 Billion | $54.98 Billion | $62.30 Billion | ▼ -0.4 pp |
| 2011 | -9.2% | $-6.59 Billion | $71.66 Billion | $51.89 Billion | $58.48 Billion | ▲ +0.7 pp |
| 2010 | -9.9% | $-7.23 Billion | $73.24 Billion | $48.33 Billion | $55.56 Billion | ▼ 0.0 pp |
| 2009 | -9.9% | $-6.44 Billion | $65.28 Billion | $48.95 Billion | $55.39 Billion | ▲ +7.0 pp |
| 2008 | -16.8% | $-10.87 Billion | $64.61 Billion | $47.59 Billion | $58.45 Billion | ▼ -8.4 pp |
| 2007 | -8.4% | $-5.17 Billion | $61.57 Billion | $46.59 Billion | $51.75 Billion | ▲ +1.0 pp |
| 2006 | -9.4% | $-5.00 Billion | $53.17 Billion | $43.82 Billion | $48.83 Billion | ▼ -0.5 pp |
| 2005 | -8.9% | $-4.40 Billion | $49.40 Billion | $38.49 Billion | $42.89 Billion | ▼ -2.0 pp |
| 2004 | -6.9% | $-3.00 Billion | $43.62 Billion | $34.42 Billion | $37.42 Billion | ▼ -1.4 pp |
| 2003 | -5.4% | $-2.13 Billion | $39.34 Billion | $30.48 Billion | $32.62 Billion | ▼ -8.2 pp |
| 2002 | 2.7% | $964.00 Million | $35.10 Billion | $28.25 Billion | $27.28 Billion | ▲ +10.4 pp |
| 2001 | -7.6% | $-2.39 Billion | $31.34 Billion | $26.55 Billion | $28.95 Billion | ▼ -2.0 pp |
| 2000 | -5.6% | $-1.45 Billion | $25.83 Billion | $24.36 Billion | $25.80 Billion | ▼ -26.3 pp |
| 1999 | 20.7% | $4.37 Billion | $21.11 Billion | $21.13 Billion | $16.76 Billion | ▼ -5.7 pp |
| 1998 | 26.4% | $4.89 Billion | $18.50 Billion | $19.35 Billion | $14.46 Billion | ▼ -14.6 pp |
| 1997 | 41.0% | $7.04 Billion | $17.14 Billion | $17.99 Billion | $10.96 Billion | ▲ +1.2 pp |
| 1996 | 39.8% | $5.88 Billion | $14.76 Billion | $17.33 Billion | $11.45 Billion | ▼ -2.3 pp |
| 1995 | 42.2% | $5.37 Billion | $12.73 Billion | $15.34 Billion | $9.97 Billion | ▼ -1.6 pp |
| 1994 | 43.8% | $4.71 Billion | $10.75 Billion | $12.11 Billion | $7.41 Billion | ▲ +4.5 pp |
| 1993 | 39.3% | $3.44 Billion | $8.76 Billion | $10.20 Billion | $6.75 Billion | ▼ -11.8 pp |
| 1992 | 51.1% | $3.57 Billion | $6.99 Billion | $8.58 Billion | $5.00 Billion | ▲ +5.9 pp |
| 1991 | 45.2% | $2.42 Billion | $5.37 Billion | $6.41 Billion | $3.99 Billion | ▼ -1.9 pp |
| 1990 | 47.1% | $1.87 Billion | $3.97 Billion | $4.71 Billion | $2.85 Billion | ▼ -4.9 pp |
| 1989 | 52.0% | $1.57 Billion | $3.01 Billion | $3.63 Billion | $2.07 Billion | ▲ +0.6 pp |
| 1988 | 51.5% | $1.16 Billion | $2.26 Billion | $2.91 Billion | $1.74 Billion | ▼ -8.5 pp |
| 1987 | 59.9% | $1.01 Billion | $1.69 Billion | $2.35 Billion | $1.34 Billion | ▼ -2.0 pp |
| 1986 | 62.0% | $791.60 Million | $1.28 Billion | $1.78 Billion | $992.70 Million | — |