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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Walmart (WMT) Debt to Equity (2016 - 2026)

Walmart's Debt to Equity history spans 17 years, with the latest figure at $0.4 for Q4 2025.

  • For Q4 2025, Debt to Equity rose 0.97% year-over-year to $0.4; the TTM value through Oct 2025 reached $0.4, up 0.97%, while the annual FY2025 figure was $0.4, 2.18% down from the prior year.
  • Debt to Equity for Q4 2025 was $0.4 at Walmart, down from $0.41 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.55 in Q4 2022 and bottomed at $0.38 in Q1 2022.
  • The 5-year median for Debt to Equity is $0.45 (2023), against an average of $0.44.
  • The largest annual shift saw Debt to Equity dropped 24.34% in 2021 before it surged 34.2% in 2022.
  • A 5-year view of Debt to Equity shows it stood at $0.41 in 2021, then soared by 34.2% to $0.55 in 2022, then dropped by 9.63% to $0.49 in 2023, then fell by 20.58% to $0.39 in 2024, then grew by 0.97% to $0.4 in 2025.
  • Per Business Quant, the three most recent readings for WMT's Debt to Equity are $0.4 (Q4 2025), $0.41 (Q3 2025), and $0.47 (Q2 2025).