Costco (COST) - Total debt (2024)

FAQs

Costco (COST) - Total debt? ›

Total debt on the balance sheet as of February 2024 : $9.43 B. According to Costco's latest financial reports the company's total debt is $9.43 B. A company's total debt is the sum of all current and non-current debts.

Costco long term debt for 2022 was $6.484B, a 3.11% decline from 2021. Costco long term debt for 2021 was $6.692B, a 10.94% decline from 2020.

Despite its noteworthy liabilities, Costco Wholesale boasts net cash, so it's fair to say it does not have a heavy debt load! And we also note warmly that Costco Wholesale grew its EBIT by 10% last year, making its debt load easier to handle. There's no doubt that we learn most about debt from the balance sheet.

With a balance sheet considered best-in-class, showing significant net cash even after substantial dividend payments, Costco stands out with solid financial health. The outlook for the company remains positive with raised earnings estimates and a new, higher price target, reinforcing the Buy rating.

Total liabilities on the balance sheet as of February 2024 : $45.56 B. According to Costco's latest financial reports the company's total liabilities are $45.56 B. A company's total liabilities is the sum of all current and non-current debts and obligations.

Net income for the first 24 weeks was $3.33 billion, $7.49 per diluted share, compared to $2.83 billion, $6.37 per diluted share, last year. For the four-week reporting month of February, ended March 3, 2024, the Company reported net sales of $18.21 billion, an increase of 6.9 percent from $17.04 billion last year.

Costco Wholesale Total Long Term Debt (Quarterly): 6.945B for Feb. 29, 2024.

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.10%) BlackRock (6.90%)

Costco Cash On Hand

Costco had $12.18 billion cash on hand at the end of 2021, down about 8.5% from a peak of $13.31 billion in 2020. Costco's cash on hand increased 40.88% in 2020.

Why is Costco tanking? ›

Costco Wholesale topped earnings expectations, but the stock fell following the company's rare revenue miss. The company's fiscal second-quarter revenue of $58.4 billion missed analyst projections for $59.1 billion.

Of course, Costco is going to have a much larger number of stores in the future. In the last 10 years, the store count expanded at a compound annual rate of 3%. Management opened 23 net new locations in fiscal 2023, with plans to open 31 in the current fiscal year.

Costco loses money selling more than 100 million hot dogs every year, but the company offsets these losses by raising prices on other goods it sells. Costco has increased prices of pizzas and other items at its food courts.

According to the CFO, shrinkage was between “0.1% and 0.2%,” during the most recent quarter. That's significantly lower than the nationwide average of 1.44%, as reported by the NRF. Among the reasons Galanti cited for Costco's relatively low shrinkage is the layout of its stores.

Costco Wholesale Debt to Equity Ratio: 0.3345 for Feb. 29, 2024.

Total assets on the balance sheet as of February 2024 : $66.32 B. According to Costco's latest financial reports the company's total assets are $66.32 B. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

Paying to get in the door. Of course, given how much Costco sells, 2.6% of a big number is nothing to shake a stick at. Costco's profits in fiscal 2023 amounted to $6.29 billion. As it turns out, though, $4.58 billion of that profit -- 73% of the total -- had nothing to do with product sales.