Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Costco Wholesale Corp. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Costco Wholesale Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Costco Wholesale Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-11), 10-Q (reporting date: 2025-02-16), 10-Q (reporting date: 2024-11-24), 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24).
The financial data reveals various trends in the composition of liabilities and equity over multiple quarters, reflecting changes in the company's financial structure and obligations.
- Accounts payable
- Accounts payable as a percentage of total liabilities and equity fluctuated moderately, with a general range between approximately 20.9% and 30.5%. Notably, peaks were observed around late 2021 and late 2024 approaching near 30%, indicating periods of increased short-term supplier obligations relative to the company's capital structure.
- Accrued salaries and benefits
- This item showed variability mostly within the 5.9% to 7.5% range. Some of the higher points were recorded in early 2021 and early 2025, potentially reflecting temporal increases in employee-related liabilities or compensation expenses.
- Accrued member rewards
- Accrued member rewards demonstrated a steady increasing trend from about 2.3% in late 2019 to nearly 3.5% by late 2024. This gradual rise suggests growing obligations related to customer loyalty programs, possibly driven by an expanding membership base or increased usage of reward benefits.
- Deferred membership fees
- Deferred membership fees generally hovered around 3.3% to 3.8%, showing minor fluctuations without any significant upward or downward long-term trend. This stability might indicate consistent membership fee recognition over time.
- Current portion of long-term debt
- The percentage representing the current portion of long-term debt remained relatively low and sporadic, often below 2%. There are occasional intervals of missing data and minimal variations, suggesting a relatively small short-term debt repayment obligation compared to total capital.
- Other current liabilities
- Other current liabilities exhibited variability between approximately 6.7% and 14.2%, with a notable spike at one point in late 2020 exceeding 14%. This volatility indicates fluctuations in miscellaneous short-term obligations, which may be influenced by operational or accrual timing factors.
- Current liabilities (aggregate)
- Current liabilities as a whole ranged from about 44% to 54% of total liabilities and equity. Peaks around late 2020 and late 2021 contrast with dips during intervening quarters, reflecting shifting short-term financial commitments.
- Long-term debt, excluding current portion
- Long-term debt remained relatively stable but showed a slight declining trend after early 2021, decreasing from highs near 14.7% to just above 7% by late 2025. This pattern suggests gradual debt repayment or refinancing reducing long-term leverage.
- Long-term operating lease liabilities
- These liabilities declined modestly over the reported periods, from close to 5% to roughly 3.1%-3.7%, indicating possible reductions in lease commitments or changes in accounting treatments.
- Other long-term liabilities
- Other long-term liabilities fluctuated within a narrow range of approximately 2.7% to 4.1%, with no clear long-term directional change.
- Other liabilities (aggregate)
- Other liabilities experienced a decrease from about 22.7% in mid-2020 to a range of roughly 14% to 17% more recently, reflecting a reduction in broader miscellaneous liabilities over time.
- Total liabilities
- Total liabilities generally oscillated between 62% and 75% of the capital structure, peaking near 75% around late 2020 and subsequently trending downward to about 62% by late 2025. This reduction indicates a shifting balance towards equity financing or capital retention.
- Stockholders’ equity
- The total equity portion exhibited an inverse pattern relative to liabilities, rising from approximately 25% in late 2020 to nearly 38% towards late 2025. The increase suggests strengthening owner financing or retained earnings accumulation.
- Components of equity
- Retained earnings grew notably as a percentage of the total, from about 15% at its lowest point to almost 30% by the end of the timeline. Additional paid-in capital remained fairly stable around 10% to 12%. Accumulated other comprehensive loss showed a consistent negative impact between roughly -1.8% and -3.2%, indicating ongoing comprehensive losses reducing equity marginally.
- Noncontrolling interests
- Noncontrolling interests remained negligible in recent periods, near 0.01%, reflecting minimal impact on overall equity composition.
In summary, the company's financial structure over the periods analyzed reveals a gradual reduction in total liabilities coupled with an increase in equity proportion, particularly driven by growing retained earnings. Short-term liabilities show some variability but remain a significant part of the capital structure. Long-term debt has decreased moderately while accrued member rewards and other accrued liabilities have increased modestly, suggesting evolving operational and customer-related obligations. Overall, the trends point toward a strengthening equity base and controlled leveraging over the timeframe considered.