Costco Wholesale Corp (COST)
Debt-to-assets ratio
| Sep 1, 2024 | May 12, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,794,000 | 5,834,000 | 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 |
| Total assets | US$ in thousands | 69,831,000 | 67,911,000 | 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 |
| Debt-to-assets ratio | 0.08 | 0.09 | 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 |
September 1, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,794,000K ÷ $69,831,000K
= 0.08
The debt-to-assets ratio for Costco Wholesale Corp has been relatively stable over the past two years, ranging between 0.08 and 0.15. The ratio indicates that Costco relies predominantly on equity financing rather than debt to fund its operations and investments, with only a small portion of its assets being financed by debt.
The ratio has shown a slight upward trend from 0.08 in November 2019 to 0.15 in August 2020 before decreasing to 0.10 in the most recent quarter (September 2024). This indicates a potential shift towards a more conservative debt management approach or a decrease in the proportion of debt relative to total assets.
Overall, Costco's consistently low debt-to-assets ratio suggests that the company has a strong financial position with a conservative capital structure, which may be viewed positively by investors and creditors.
Peer comparison
Sep 1, 2024