Walmart Inc. Financial Statements and Financial Ratios Analyzed from 2015 to 2019

"Walmart 2019 Financial Statements and Financial Ratios: Defined, Discussed, and Analyzed for 5 Years” was written by, Paul Borosky, MBA., doctoral candidate, and owner of Quality Business Plan.  In this summarized book, the author researched Walmart's 10k, Walmart's 2017 10k annual report, Walmart's 2016 10k annual report, Walmart's 2015 10k annual report, and Walmart's 2019 10k annual report as the basis for information gathering.  Once all Walmart's 10k annual statements were collected, the author then inserted Walmart's income statement information and Walmart's balance sheet information into a customized financial template. 

Walmart's Financial Statement Summary From 2015 to 2019

In the last five years, between 2015 to 2019, Walmart’s revenues, documented in their 10k annual report, have grown moderately.  On average, Walmart’s annual revenue growth was approximately 1%.  However, in the same timeframe, Walmart’s net income has dropped from 17 billion to just over $6.6 billion.  This shows that the organization’s cost has grown substantially over this five year time span.  Further, Walmart has failed to pass on increased cost to the customers.  This strategy, unfortunately, is not sustainable for the long term.  Inevitably, the organization will start taking losses.

As for Walmart’s balance sheet, this financial document is almost as concerning as their income statement, which was again found on Walmart’s 10K annual reports from 2015 to 2019.  A main area of concern on the company’s balance sheet was their continuous increase in long-term debt.  In 2015, Walmart had approximately 41 billion in long-term debt.  Their debt position grew substantially over the next five years to 50.2 billion.  Not only does this indicate a change in capital structure but also increases financial risk substantially for the company.  For more details about Walmart and their financial position, check out my book.

Walmart's Financial Ratio Summary From 2015 to 2019

In this book, Walmart's financial ratios were analyzed.  Some of the ratios assessed were liquidity ratios, such as current ratio and quick ratio, asset utilization ratios, such as total asset turnover, and inventory turnover, profitability ratios, which included return on assets and return on equity, and then there were long-term debt ratios, which included debt ratio, and at times interest earned. 

Through analyzing Walmart’s financial ratios from 2015 to 2019, some interesting findings were noted in the book below.  To illustrate, the organization has continually decreased their return on assets ratio.  In 2015, Walmart was enjoying in 8.39% return on assets.  However, over the next five years, this ratio would fall to 3.04%.  This indicates that the company is utilizing more assets to generate less revenues.  For more information and analysis, check out our book below.

Call or Text Paul, Doctoral Candidate, MBA.



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