WMT · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

Walmart Inc. · 2026-08-28 · Importance 61 · Surprise 32 · From source text

Cash and cash equivalents increased to $11.5 billion at July 31, 2026 from $9.4 billion a year earlier, while the working capital deficit widened to $26.9 billion from $21.5 billion. Total outstanding long-term debt increased $1.8 billion to $39.9 billion, primarily after $4.2 billion of long-term debt issuance in April 2026 and $2.3 billion of repayments. Walmart renewed a $10.0 billion 364-day revolving facility and a $5.0 billion five-year facility, leaving $15.0 billion of U.S. committed credit lines undrawn. The company reported commercial-paper ratings of A-1+, P-1 and F1+ and long-term debt ratings of AA, Aa2 and AA from S&P, Moody's and Fitch, respectively.

Key facts

• Walmart renewed and extended its existing 364-day revolving credit facility of $10.0 billion and its five-year credit facility of $5.0 billion in April 2026. source
• As of July 31, 2026, Walmart had committed lines of credit in the U.S. of $15.0 billion, all undrawn. source
• As of July 31, 2026, cash and cash equivalents of $5.0 billion may not be freely transferable to the U.S. due to local laws or other restrictions or are subject to noncontrolling interest shareholder approval. source
• Working capital deficit was $26.9 billion as of July 31, 2026, which increased from $21.5 billion as of July 31, 2025. source
• Total assets were $293,914 million as of July 31, 2026. source
• Net cash provided by operating activities was $19,710 million for the six months ended July 31, 2026. source
• The Company believes its sources of liquidity will continue to be sufficient to fund operations, finance investments, pay dividends and fund share repurchases for at least the next 12 months and for the foreseeable future. source
• Net cash used in investing activities was $(14,264) million for the six months ended July 31, 2026. source

Impact estimates