Debt to Equity
since 2005
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Costco Wholesale Corp. pages available for free this week:
- Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Calculation
Costco Wholesale Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total Costco stockholders’ equity1 | |
|---|---|---|---|---|---|
| Aug 31, 2025 | = | ÷ | |||
| Sep 1, 2024 | = | ÷ | |||
| Sep 3, 2023 | = | ÷ | |||
| Aug 28, 2022 | = | ÷ | |||
| Aug 29, 2021 | = | ÷ | |||
| Aug 30, 2020 | = | ÷ | |||
| Sep 1, 2019 | = | ÷ | |||
| Sep 2, 2018 | = | ÷ | |||
| Sep 3, 2017 | = | ÷ | |||
| Aug 28, 2016 | = | ÷ | |||
| Aug 30, 2015 | = | ÷ | |||
| Aug 31, 2014 | = | ÷ | |||
| Sep 1, 2013 | = | ÷ | |||
| Sep 2, 2012 | = | ÷ | |||
| Aug 28, 2011 | = | ÷ | |||
| Aug 29, 2010 | = | ÷ | |||
| Aug 30, 2009 | = | ÷ | |||
| Aug 31, 2008 | = | ÷ | |||
| Sep 2, 2007 | = | ÷ | |||
| Sep 3, 2006 | = | ÷ | |||
| Aug 28, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
1 US$ in millions
- Total Debt
- The total debt demonstrated a generally fluctuating trend over the observed period. Starting from a relatively low level in 2005, it surged significantly in 2007 and 2008, reaching over 2,300 million USD. Subsequently, there was a decline until 2012, followed by another sharp increase peaking around 6,147 million USD in 2015. After this peak, the debt level showed a gradual decrease, ending lower in 2025 compared to the mid-2010s but still elevated relative to the early years.
- Total Costco Stockholders’ Equity
- The stockholders' equity exhibited a consistent upward trajectory. Beginning at 8,881 million USD in 2005, it experienced moderate growth initially, then increased at a faster pace from around 2014 onward. Despite some fluctuations, the equity steadily climbed to nearly 29,164 million USD by 2025. This indicates significant capital accumulation and reinvestment over the period.
- Debt to Equity Ratio
- The debt to equity ratio showed considerable variability, reflecting changes in both debt and equity levels. Early ratios were low, under 0.1 during 2005-2006, aligning with the low debt levels. Between 2007 and 2015, the ratio rose substantially, peaking near 0.62 in 2017, indicating higher leverage. Following this peak, the ratio steadily declined, reaching 0.20 by 2025. This trend suggests a strategic reduction in leverage relative to equity in the recent years, enhancing financial stability.
- Summary
- Overall, the financial position displayed growth in equity and variable debt levels, with a notable peak in leverage around the mid-2010s. Subsequently, the company appears to have prioritized deleveraging, strengthening its equity base and reducing relative debt exposure toward the latter years.
Comparison to Competitors
Costco Wholesale Corp., debt to equity, long-term trends, comparison to competitors
| Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|
| Aug 31, 2025 | |||
| Sep 1, 2024 | |||
| Sep 3, 2023 | |||
| Aug 28, 2022 | |||
| Aug 29, 2021 | |||
| Aug 30, 2020 | |||
| Sep 1, 2019 | |||
| Sep 2, 2018 | |||
| Sep 3, 2017 | |||
| Aug 28, 2016 | |||
| Aug 30, 2015 | |||
| Aug 31, 2014 | |||
| Sep 1, 2013 | |||
| Sep 2, 2012 | |||
| Aug 28, 2011 | |||
| Aug 29, 2010 | |||
| Aug 30, 2009 | |||
| Aug 31, 2008 | |||
| Sep 2, 2007 | |||
| Sep 3, 2006 | |||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
Comparison to Sector (Consumer Staples Distribution & Retail)
Costco Wholesale Corp., debt to equity, long-term trends, comparison to sector (consumer staples distribution & retail)
| Costco Wholesale Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Aug 31, 2025 | ||
| Sep 1, 2024 | ||
| Sep 3, 2023 | ||
| Aug 28, 2022 | ||
| Aug 29, 2021 | ||
| Aug 30, 2020 | ||
| Sep 1, 2019 | ||
| Sep 2, 2018 | ||
| Sep 3, 2017 | ||
| Aug 28, 2016 | ||
| Aug 30, 2015 | ||
| Aug 31, 2014 | ||
| Sep 1, 2013 | ||
| Sep 2, 2012 | ||
| Aug 28, 2011 | ||
| Aug 29, 2010 | ||
| Aug 30, 2009 | ||
| Aug 31, 2008 | ||
| Sep 2, 2007 | ||
| Sep 3, 2006 | ||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
Comparison to Industry (Consumer Staples)
Costco Wholesale Corp., debt to equity, long-term trends, comparison to industry (consumer staples)
| Costco Wholesale Corp. | Consumer Staples | |
|---|---|---|
| Aug 31, 2025 | ||
| Sep 1, 2024 | ||
| Sep 3, 2023 | ||
| Aug 28, 2022 | ||
| Aug 29, 2021 | ||
| Aug 30, 2020 | ||
| Sep 1, 2019 | ||
| Sep 2, 2018 | ||
| Sep 3, 2017 | ||
| Aug 28, 2016 | ||
| Aug 30, 2015 | ||
| Aug 31, 2014 | ||
| Sep 1, 2013 | ||
| Sep 2, 2012 | ||
| Aug 28, 2011 | ||
| Aug 29, 2010 | ||
| Aug 30, 2009 | ||
| Aug 31, 2008 | ||
| Sep 2, 2007 | ||
| Sep 3, 2006 | ||
| Aug 28, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).