Total Debt. Total current liabilities 31,845 29,441 OTHER LIABILITIES Long-term debt, excluding current portion 6,507 6,692 Long-term operating lease liabilities 2,452 2,642 Other long-term liabilities 2,535 . Net sales for the quarter increased 17.5 percent, to $61.44 billion from $52.28 billion last year. Cash ratio is the ratio which measures the ability of the company to repay the short term debts with the cash or cash equivalents and it is calculated by dividing the total cash and the cash equivalents of the company with its total current liabilities. $41.19B. (Current Assets - Inventories) / Current Liabilities. BJ's Wholesale Club Holdings Inc. 4.The issues to consider with respect to warranty liability are whether it actually exists and what is its correct magnitude 5.Understating accrual of warranty liability overstates current period income at the expense of future income Costco's current ratio is greater than one and thus it is clear the company has enough current assets to cover its current liabilities. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 . 16-week fourth quarter and the 52-week fiscal year, ended August 29, 2021. Based solely on Costco's revenue and profits from the last three fiscal years, as well as its assets and liabilities, Costco's net worth is over $125 billion. Accrued Expenses represents operational expenses accrued, but not yet paid. Costco's total liabilities at the beginning of its fiscal year were $ 12,050 million (42). Despite ongoing pandemic challenges, we had another strong year in fiscal 2021. And total liabilities increased by 0.55% in Q3 22 to 43.34B USD. . Get the annual and quarterly balance sheet of Costco Wholesale Corporation (COST) including details of assets, liabilities and shareholders' equity. Typically we take a period of less than a year. The ability comes from the current assets, which denote those assets that are cash or readily convertible. TRADING ECONOMICS. It is especially important that you discuss current vehicle availability with your Approved . Common line items you'll see under current liabilities include: Current assets and current liabilities represent those items which are short term in natureusually within 12 months or less. 2020 Current Ratio; Costco: 0.99: Target: 1.03 . Total Liabilities: 41704: 37272: 30157: 2021. Vehicle Research. Towards the end, you will find graphs that display the split of total assets (long term and current . Total Liabilities. Costco Wholesale's total current liabilities for the quarter that ended in May. It is important to note that both of these are "current". the ratio was 1.35. Show all statistics (6) Key Company Figures. Other Current Liabilities: $12,364 $10,577 $9,859 Liability Summary; Total Current Liabilities: $29,441 $24,844 $23,237 Long-Term Debt: $6,692 . Costco other non-current liabilities for 2020 were $1.935B, a 32.99% increase from 2019. Costco Wholesale's quick ratio last quarter was 0.4x. Current Price. $18.08B. If your Costco membership number changed recently please call 1-866-921-7925 to have your Costco Travel account updated. USD 485.76 6.48 1.35%. Dear Costco Shareholders: In another year of uncertainty, Costco was steadfast in providing goods and services, remaining nimble, and adapting our business as needed to best serve our members and protect our employees. The current liabilities are measured by taking into account and adding up: account payable, note payable, accrued expenses, and deferred income. The current ratio is calculated by dividing the current assets by the current liability. Costco total current liabilities for 2021 were $29.441B, a 18.5% increase from 2020. Current Liabilities is likely to outpace its year average in 2022. Costco Current Liabilities from the last 10 years Costco Current Liabilities Trend from 2010 to 2022 COST Stock USD 485.76 6.48 1.35% Costco Wholesale Current Liabilities yearly trend continues to be comparatively stable with very little volatility. DATA Download historical data for 20 million indicators using your browser. Current and historical current ratio for Costco (COST) from 2010 to 2022. That's just current assets minus liabilities that are due . When a firm has the ability to pay back in the short term . 2019. Annual balance sheet by MarketWatch. Costco Wholesale Corporation, together with its subsidiaries and affiliates ("Costco"), provides you access and use of our websites, including Costco.com and other Internet sites, mobile applications, and social media sites operated by or for Costco (collectively, the "Sites . Costco Wholesale Corporation (COST) had Book Value Per Share of $40.92 for the most recently reported fiscal year, ending 2021-08-31. . All values USD Millions. We will take a look inside Costco and Walmart's, financial statements of 2020,2019 and 2018 (Income statement, Balance sheet statement, and Cash flow statement) for both companies, then perform a financial . Costco Auto Program is monitoring the situation and working with our dealer partners to deliver in-market savings for Costco members. This means that the assets and the liabilities are supposed to be met in the short run. Costco Wholesale Total Liabilities (Quarterly) View 4,000+ Financial Data Types: Add Browse Total Liabilities (Quarterly) Chart View Full Chart No data available Historical Total Liabilities (Quarterly) Data View and export this data back to 1984. Costco Wholesale Corp., liabilities and stockholders' equity: selected items (quarterly data) Current liabilities Other liabilities 1/2 Nov 22, 2015 Aug 28, 2016 May 7, 2017 Feb 18, 2018 Nov 25, 2018 Sep 1, 2019 May 10, 2020 Feb 14, 2021 Nov 21, 2021 0 10,000 20,000 30,000 40,000 50,000 US$ in millions For the same time period, Costco's total liabilities are $15,011,000. By breaking down trends over time using Costco Wholesale balance sheet statements, investors will . Last Updated August 3, 2021. Membership with Costco is necessary for a customer to be able to buy products from its warehouses that sell limited options of national and select private-label products at low prices (Forbes, 2018). Costco Wholesale Corp. current liabilities increased from 2019 to 2020 and from 2020 to 2021. Based on Costco Wholesale's balance sheet as of June 4, 2020, long-term debt is at $7.60 billion and current debt is at $1.50 billion, amounting to $9.10 billion in . The company has been identified in a lot of ways since . Wal-Mart in the year of 2009 had a current ratio of .90, and as of January 2010 it had a current ratio of .87 (Wal-mart 2010 financial review, 2010). According to data gathered, Costco's current total assets as of May 8, 2011 (the latest period for which figures are available) are $26,974,000. These current liabilities include: accounts payable; wages payable; . View all BJ assets, cash, debt, liabilities, shareholder equity and investments. Shop by departments, or search for specific item(s). Accrued Expenses. Compare COST With Other Stocks. A Look At Costco Wholesale's Liabilities Zooming in on the latest balance sheet data, we can see that Costco Wholesale had liabilities of US$26.6b due within 12 months and liabilities of US$12.2b. Total Liabilities is likely to outpace its year average in 2022. In this report, you will find assets by year as well as by quarter. Markets Costco earnings to stand out as Americans shop more at warehouse clubs, . 0.63. In the case of Costco, based . Current Ratio = Current Assets / Current Liabilities. Official website for Costsco Wholesale. Upgrade now. Costco has been paying and increasing its dividend for years, and it just announced a special dividend. Food and sundries accounted for 40% of fiscal 2021 sales, with non-food merchandise 29%, warehouse ancillary and other businesses (such as fuel and pharmacy) nearly 17%, and fresh food 14%. Liquidity Ratios (Summary) Current Ratio Quick Ratio Cash Ratio Paying users area Try for free Costco Wholesale Corp., common-size consolidated liabilities and stockholders' equity: selected items Current liabilities Long-term liabilities 1/2 Aug 28, 2016 Sep 3, 2017 Sep 2, 2018 Sep 1, 2019 Aug 30, 2020 Aug 29, 2021 -1.0 -0.5 0.0 0.5 1.0 % . Total liabilities Long-term liabilities: Amount of obligation due after one year or beyond the normal operating cycle, if longer. Current liabilities are short-term debts due within one year. Net sales for the52-week fiscal year totaled These companies rely on strong cash flow to pay for their current debts. Costco other non-current liabilities for the quarter ending May 31, 2022 were $2.535B, a 16.18% increase year-over-year. By short term, we mean those liabilities that need to be paid back within a one-year time frame. Below is a bar graph containing the annual current ratio values of COSTCO WHOLESALE CORP. You can interpret the trend by looking if the . Costco total long term liabilities for the quarter ending May 31, 2022 were $11.494B, a 6.69% decline year-over-year. Costco Wholesale Corp. is a wholesaling-retailer of a wide range of merchandise categories. Costco total liabilities for 2019 were $29.816B, a 7.53% increase from 2018. Costco: revenue worldwide 2017-2020, by quarter. The transaction will be approximately one to one and one-half percent accretive to . A Look At Costco Wholesale's Liabilities. Financials Stock Price Assets Cash and Equivalent Cost of Sales Current Assets Current Liabilities Debt Dividend Yield EBIT EBITDA Employees EPS Earnings Per Share Equity Capital and Reserves Gross Profit on Sales Interest Expense on Debt Loan Capital Costco's warehouses average around 146,000 square . Costco Wholesale's quick ratio for fiscal years ending September 2017 to 2021 averaged 0.5x. Costco: net sales worldwide 2011-2021. Total current liabilities: 23,237: 19,926: Long-term debt, excluding current portion: 5,124: 6,487: Other liabilities: 1,455: 1,314: Total liabilities . Two years later, the company's share . Costco shows a current ratio of 1.22 in 2014 (up from 1.19 in 2013). Costco Wholesale Corporation (NasdaqGS:COST) acquired the remaining 45% stake in Costco Taiwan Co. Ltd. from The President Group Co. Ltd. for $1.05 billion on June 30, 2022. Therefore its current liabilities are equivalent to approximately 52% of its total assets. Current Liabilities: Definition. The current ratio has relatively stayed the same since 2000, as shown in Table 1. In particular, it would appear that at first glance, Wal-Mart is unable to cover all of its current liabilities falling due within 12 months with current assets. By assets, we mean the combination of long term and current assets. Shop by departments, or search for specific item(s). Costco Wholesale Corp. The GOBankingRates Evaluation calculates a company's net worth using only full-year profits and revenue from the last three years and the company's assets and liabilities. Costco total current liabilities for the quarter ending May 31, 2022 were $31.845B, a 13.81% increase year-over-year. However, Costco, Target, and Walmart all had current ratios around 1.00. FINANCIAL ANALYSIS: COSTCO VS. WALMART 2 Abstract This analysis report is about Costco Inc. (COST) and Wal-Mart Stores (WMT) Inc. Current Portion of Long Term Debt/Capital Leases: 871.00 126.00 97.00 86.00 7.00 4.00 0.00 Customer Advances: Other Current Liabilities: 896.00 966.00 Other Current liabilities, Total: Total Current Liabilities: Long Term Debt: Capital Lease Obligations: 980.00 657.00 Analysis of Liquidity Ratios Costco Wholesale Corp. (NASDAQ:COST) $19.99 Analysis of Liquidity Ratios Annual Data Quarterly Data Liquidity ratios measure the company ability to meet its short-term obligations. ISSAQUAH, Wash., Sept. 24, 2020 -- Costco Wholesale Corporation today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year, ended August 30, 2020. . Transcribed image text: Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Wal-Mart reported $96.53B in Current Liabilities for its first fiscal quarter of 2022. Trend analysis of Costco Wholesale balance sheet accounts such as Receivables of 1.2 B, Accounts Payable of 8.5 B or Total Assets of 39.5 B provides information on Costco Wholesale's total assets, liabilities, and equity, which is the actual value of Costco Wholesale to its prevalent stockholders. This ratio does not negatively reflect upon the company as it is a reasonable ratio, as it indicates Costco can pay its current liabilities with current assets. Teamsters unions representing 16,000 workers of Costco Wholesale Corp on Tuesday recommended their members approve a new contract offer from the retailer that they said would secure larger pension . As current liabilities, such expenses are expected to be paid within one year or one operating cycle, whichever is longer.