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Walmart Inc. is the world s largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure
Walmart Inc. is the worlds largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information:
Balance Sheet
$ in millions
Assets
Property:
Property under finance lease obligations
$
$
Less: Accumulated amortization
Liabilities
Current liabilities:
Finance lease obligations due within one year
Longterm debt:
Longterm finance lease obligations
#s are on top #s are on the bottom
What is the approximate average interest rate on Walmarts finance leases?
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