Costco Wholesale Corp (COST)
Debt-to-assets ratio
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,865,000 | 5,866,000 | 5,377,000 | 6,497,000 | 6,506,000 | 6,472,000 | 6,484,000 | 6,507,000 | 6,658,000 | 6,667,000 | 6,692,000 | 7,495,000 | 7,522,000 | 7,529,000 | 7,514,000 | 7,598,000 | 5,099,000 | 5,107,000 | 5,124,000 | 4,799,000 |
| Total assets | US$ in thousands | 66,323,000 | 73,723,000 | 68,994,000 | 66,752,000 | 66,848,000 | 66,027,000 | 64,166,000 | 63,852,000 | 63,078,000 | 64,149,000 | 59,268,000 | 57,274,000 | 54,918,000 | 60,217,000 | 55,556,000 | 51,732,000 | 48,782,000 | 51,431,000 | 45,400,000 | 43,752,000 |
| Debt-to-assets ratio | 0.09 | 0.08 | 0.08 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.10 | 0.11 | 0.13 | 0.14 | 0.13 | 0.14 | 0.15 | 0.10 | 0.10 | 0.11 | 0.11 |
February 18, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,865,000K ÷ $66,323,000K
= 0.09
The debt-to-assets ratio of Costco Wholesale Corp has shown some fluctuations over the past few quarters, ranging from 0.08 to 0.15. Generally, a lower debt-to-assets ratio indicates a lower level of financial risk as it suggests that the company is relying less on debt financing to fund its operations and investments.
In the most recent period reported, the debt-to-assets ratio was at 0.09, indicating that the company had a relatively conservative level of debt compared to its total assets. This could be viewed positively by investors and creditors as it suggests a strong financial position and the ability to meet its debt obligations.
While there have been slight variations in the ratio over the quarters, it has generally remained within a narrow range, indicating a consistent approach to managing the company's debt levels. Investors may want to continue monitoring this ratio over time to assess any significant changes in the company's capital structure and financial risk.
Peer comparison
Feb 18, 2024