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Is the debt primarily short-term or long-term? Why?

Is the debt primarily short-term or long-term? Why?

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.11E
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Is the debt primarily short-term or long-term? Why?

Walmart Inc (Million) Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total Current Assets Property and equipment, net Finance lease right-of-use assets, net Property and equipment, including finance lease right- of-use assets, net Operating lease right-of-use assets Goodwill Other Long-Term assets. Long-Term assets Total Assets Current liability Short term Borrowing Account Payable Accrued Liability Accrued Income Tax Long Term Debt due within year Operating lease obligation due within one year Finance Lease obligation due within one year Total Current Liability Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Stockholders' Equity Common Stock Capital in Excess of Par Value Retained earnings Accumulated other Comprehensive loss Total Walmart Shareholders Equity Non-Controlling Interest Total Equity Total Liability and Equity Target Corporation Million: Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment Current year 2022 14,760 8.280 % 6% 3% 56,511 23% 1,519 1% 81,070 33% 90,067 94,515 39% 92,201 4.351 2% 4,005 2% 40% 96,206 38% 87,379 34,864 14% 13,009 5% 98,866 13,758 6% 13,642 5% 29,014 12% 28,983 11% 22,152 9% 23,598 9% 163,790 67% 162,429 64% 244,860 100% 252,496 100% 410 0% 224 55,261 23% 49,141 26,606 11% 37,966 851 0% 242 2,803 1% 1,483 1% 511 0% 4,243 2% 13,474 6% 83,252 8,638 91,891 244,860 276 0% 4.839 2% 36% HH: Previous % Year 2021 17,741 7% 6,516 3% 44,949 18% 20,861 8% $ 15,478 6,098 3,115 1,466 491 92,645 41,194 12,909 29% 3,847 14,370 282 3646 6,164 11% 6,141 32,985 61% 31,557 6,407 12% 5,914 2,505 5% 1,257 2% -21,137 -39 % 28,181 52% 0% 1% 86,904 35% 88,763 35% -8766 -4% -11,766 -5% 32% 34% 80,925 4% 6,606 3% 38% 87,531 35% 100% 252,496 100% 2,765 780 -20,278 36% 37% $12,859 11% 6,122 Current % Previous % year Year 2022 2021 $5,911 11% $8,511 17% 13,902 26% 10,653 21% 1,760 3% 1,592 3% 21,573 40% 20,756 41% 0% 19% 15% 0% 1% 1% 0% 37% 2,218 990 16% 5% 26,879 2,556 5% 2,227 4% 1,501 3% 1,386 3% 53,811 100 $51,248 100 % % 2% 6% $ 51,248 12% 62 % 12% 5% 2% -40 % 52% 12% 2% 1,144 20,125 39% 23 % 11,536 25 % 171 0% 21,747 40% 13,549 25 % 2,493 5% 1,566 3% 1,629 3% 1,939 19,237 36% 16,683 33% 4% 2% 4% 0% 39 0% 42 6,421 12% 6,329 12% 6,920 13 % 8,825 17% -553 -1% -756 -1% 12,827 24% 14,440 28% $53,811 100 100% %
Transcribed Image Text:Walmart Inc (Million) Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total Current Assets Property and equipment, net Finance lease right-of-use assets, net Property and equipment, including finance lease right- of-use assets, net Operating lease right-of-use assets Goodwill Other Long-Term assets. Long-Term assets Total Assets Current liability Short term Borrowing Account Payable Accrued Liability Accrued Income Tax Long Term Debt due within year Operating lease obligation due within one year Finance Lease obligation due within one year Total Current Liability Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Stockholders' Equity Common Stock Capital in Excess of Par Value Retained earnings Accumulated other Comprehensive loss Total Walmart Shareholders Equity Non-Controlling Interest Total Equity Total Liability and Equity Target Corporation Million: Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment Current year 2022 14,760 8.280 % 6% 3% 56,511 23% 1,519 1% 81,070 33% 90,067 94,515 39% 92,201 4.351 2% 4,005 2% 40% 96,206 38% 87,379 34,864 14% 13,009 5% 98,866 13,758 6% 13,642 5% 29,014 12% 28,983 11% 22,152 9% 23,598 9% 163,790 67% 162,429 64% 244,860 100% 252,496 100% 410 0% 224 55,261 23% 49,141 26,606 11% 37,966 851 0% 242 2,803 1% 1,483 1% 511 0% 4,243 2% 13,474 6% 83,252 8,638 91,891 244,860 276 0% 4.839 2% 36% HH: Previous % Year 2021 17,741 7% 6,516 3% 44,949 18% 20,861 8% $ 15,478 6,098 3,115 1,466 491 92,645 41,194 12,909 29% 3,847 14,370 282 3646 6,164 11% 6,141 32,985 61% 31,557 6,407 12% 5,914 2,505 5% 1,257 2% -21,137 -39 % 28,181 52% 0% 1% 86,904 35% 88,763 35% -8766 -4% -11,766 -5% 32% 34% 80,925 4% 6,606 3% 38% 87,531 35% 100% 252,496 100% 2,765 780 -20,278 36% 37% $12,859 11% 6,122 Current % Previous % year Year 2022 2021 $5,911 11% $8,511 17% 13,902 26% 10,653 21% 1,760 3% 1,592 3% 21,573 40% 20,756 41% 0% 19% 15% 0% 1% 1% 0% 37% 2,218 990 16% 5% 26,879 2,556 5% 2,227 4% 1,501 3% 1,386 3% 53,811 100 $51,248 100 % % 2% 6% $ 51,248 12% 62 % 12% 5% 2% -40 % 52% 12% 2% 1,144 20,125 39% 23 % 11,536 25 % 171 0% 21,747 40% 13,549 25 % 2,493 5% 1,566 3% 1,629 3% 1,939 19,237 36% 16,683 33% 4% 2% 4% 0% 39 0% 42 6,421 12% 6,329 12% 6,920 13 % 8,825 17% -553 -1% -756 -1% 12,827 24% 14,440 28% $53,811 100 100% %
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