Costco Wholesale Corporation (COST) Balance Sheet
COST balance sheet, FY2026
August 31, 2026 · U.S. dollars$89.05B assets = $53.24B liabilities + $35.80B equity
Both columns are drawn to the same scale: what COST owns equals what it owes plus shareholders’ equity. Hover a block for its value.
COST financial health
Current ratio1.06
Adequate · current assets cover current liabilities 1.06×
Debt / equity0.24
Low leverage · $0.24 of debt for each $1 of equity
Equity / assets40.2%
Equity-funded · of assets funded by shareholders
Cash / debt248.4%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
COST balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $36.35BFY2017 | $89.05BFY2026 | +10.5%/yr | |
| Total liabilities | $25.27BFY2017 | $53.24BFY2026 | +8.6%/yr | |
| Shareholders’ equity | $10.78BFY2017 | $35.80BFY2026 | +14.3%/yr | |
| Cash & short-term investments | $5.78BFY2017 | $21.30BFY2026 | +15.6%/yr | |
| Total debt | $6.66BFY2017 | $8.58BFY2026 | +2.9%/yr | |
| Net cash (debt) | −$880.0MFY2017 | $12.72BFY2026 | +$13.6B | |
| Working capital | −$178.0MFY2017 | $2.63BFY2026 | +$2.8B | |
| Book value per share | $24.44FY2017 | $80.56FY2026 | +14.2%/yr | |
| Current ratio | 0.99FY2017 | 1.06FY2026 | +0.07 | |
| Debt / equity | 0.62FY2017 | 0.24FY2026 | −0.38 | |
| Shares outstanding | 440.9MFY2017 | 444.4MFY2026 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
COST assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
COST liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
COST debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
COST balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $21.30B | $15.28B | $11.14B | $15.23B | $11.05B | $12.18B | $13.30B | $9.44B | $7.26B | $5.78B |
| Cash & equivalents | $20.21B | $14.16B | $9.91B | $13.70B | $10.20B | $11.26B | $12.28B | $8.38B | $6.05B | $4.55B |
| Short-term investments | $1.09B | $1.12B | $1.24B | $1.53B | $846.0M | $917.0M | $1.03B | $1.06B | $1.20B | $1.23B |
| Receivables | $3.96B | $3.20B | $2.72B | $2.29B | $2.24B | $1.80B | $1.55B | $1.53B | $1.67B | $1.43B |
| Inventory | $19.32B | $18.12B | $18.65B | $16.65B | $17.91B | $14.21B | $12.24B | $11.39B | $11.04B | $9.83B |
| Other current assets | $2.00B | $1.78B | $1.73B | $1.71B | $1.50B | $1.31B | $1.02B | $1.11B | $321.0M | $272.0M |
| Total current assets | $46.58B | $38.38B | $34.25B | $35.88B | $32.70B | $29.50B | $28.12B | $23.48B | $20.29B | $17.32B |
| Property, plant & equipment (net) | $38.33B | $34.63B | $31.65B | $29.40B | $27.42B | $26.38B | $24.59B | $20.89B | $19.68B | $18.16B |
| Goodwill & intangible assets | $0 | $994.0M | $994.0M | $994.0M | $993.0M | $1.94B | $1.98B | $53.0M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.13B | $3.09B | $2.94B | $2.72B | $3.06B | $1.45B | $865.0M | $972.0M | $860.0M | $869.0M |
| Total assets | $89.05B | $77.10B | $69.83B | $68.99B | $64.17B | $59.27B | $55.56B | $45.40B | $40.83B | $36.35B |
| Liabilities | ||||||||||
| Accounts payable | $22.59B | $19.78B | $19.42B | $17.48B | $17.85B | $16.28B | $14.17B | $11.68B | $11.24B | $9.61B |
| Short-term debt | $2.25B | $647.0M | $429.0M | $1.43B | $557.0M | $1.09B | $357.0M | $1.70B | $97.0M | $86.0M |
| Deferred revenue | — | $2.85B | $2.50B | $8.77B | $8.47B | $7.80B | $6.85B | $6.07B | $1.62B | $5.16B |
| Total current liabilities | $43.95B | $37.11B | $35.46B | $33.58B | $32.00B | $29.44B | $24.84B | $23.24B | $19.93B | $17.50B |
| Long-term debt | $0 | $7.11B | $7.14B | $6.68B | $6.48B | $7.67B | $8.17B | $5.52B | $6.88B | $6.57B |
| Lease obligations | — | $2.46B | $2.38B | $2.43B | $2.48B | $2.64B | $2.56B | — | — | — |
| Other long-term liabilities | $9.29B | $3.71B | $3.60B | $3.67B | $5.04B | $4.08B | $3.84B | $1.06B | $924.0M | $1.20B |
| Total liabilities | $53.24B | $47.94B | $46.21B | $43.94B | $43.52B | $41.19B | $36.85B | $29.82B | $27.73B | $25.27B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M |
| Retained earnings (deficit) | $28.59B | $22.65B | $17.62B | $19.52B | $15.59B | $11.67B | $12.88B | $10.26B | $7.89B | $5.99B |
| Accumulated other comprehensive income | −$1.62B | −$1.77B | −$1.83B | −$1.80B | −$1.83B | −$1.14B | −$1.30B | −$1.44B | −$1.20B | −$1.01B |
| Minority interest | — | $0 | $0 | $0 | $5.0M | — | — | — | — | — |
| Total shareholders' equity | $35.80B | $29.16B | $23.62B | $25.06B | $20.64B | $17.56B | $18.28B | $15.58B | $13.10B | $10.78B |
| Key figures | ||||||||||
| Total debt | $8.58B | $10.22B | $9.95B | $10.54B | $10.91B | $11.41B | $11.09B | $7.22B | $6.97B | $6.66B |
| Net cash (debt) | $12.72B | $5.06B | $1.20B | $4.70B | $143.0M | $768.0M | $2.22B | $2.23B | $285.0M | −$880.0M |
| Working capital | $2.63B | $1.27B | −$1.22B | $2.30B | $698.0M | $64.0M | $3.28B | $248.0M | $363.0M | −$178.0M |
| Tangible book value | $35.80B | $28.17B | $22.63B | $24.06B | $19.65B | $15.63B | $16.31B | $15.53B | $13.10B | $10.78B |
| Book value per share | $80.56 | $65.57 | $53.11 | $56.38 | $46.41 | $39.53 | $41.19 | $35.18 | $29.66 | $24.44 |
| Shares outstanding | 444.4M | 444.8M | 444.8M | 444.5M | 444.8M | 444.3M | 443.9M | 442.9M | 441.8M | 440.9M |
| Current ratio | 1.06 | 1.03 | 0.97 | 1.07 | 1.02 | 1.00 | 1.13 | 1.01 | 1.02 | 0.99 |
| Quick ratio | 0.57 | 0.50 | 0.39 | 0.52 | 0.42 | 0.47 | 0.60 | 0.47 | 0.45 | 0.41 |
| Debt / equity | 0.24 | 0.35 | 0.42 | 0.42 | 0.53 | 0.65 | 0.61 | 0.46 | 0.53 | 0.62 |
| Equity / assets | 40.2% | 37.8% | 33.8% | 36.3% | 32.2% | 29.6% | 32.9% | 34.3% | 32.1% | 29.7% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $21.30B | $20.00B | $18.24B | $17.18B | $15.28B | $14.85B | $13.16B | $11.83B | $11.14B | $11.50B | $10.32B | $17.86B |
| Cash & equivalents | $20.21B | $18.95B | $17.38B | $16.22B | $14.16B | $13.84B | $12.36B | $10.91B | $9.91B | $10.40B | $9.10B | $17.01B |
| Short-term investments | $1.09B | $1.05B | $857.0M | $966.0M | $1.12B | $1.01B | $802.0M | $920.0M | $1.24B | $1.09B | $1.23B | $853.0M |
| Receivables | $3.96B | $3.75B | $3.78B | $3.23B | $3.20B | $2.88B | $3.06B | $2.96B | $2.72B | $2.58B | $2.78B | $2.54B |
| Inventory | $19.32B | $19.42B | $18.99B | $21.14B | $18.12B | $18.61B | $18.75B | $20.98B | $18.65B | $17.43B | $17.07B | $18.00B |
| Other current assets | $2.00B | $2.01B | $2.12B | $1.86B | $1.78B | $1.82B | $1.93B | $1.75B | $1.73B | $1.78B | $1.97B | $1.67B |
| Total current assets | $46.58B | $45.18B | $43.13B | $43.41B | $38.38B | $38.15B | $36.90B | $37.52B | $34.25B | $33.29B | $32.15B | $40.08B |
| Property, plant & equipment (net) | $38.33B | $37.04B | $36.40B | $35.35B | $34.63B | $33.30B | $32.34B | $31.88B | $31.65B | $30.70B | $30.34B | $29.84B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $994.0M | $0 | $0 | $0 | $994.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.13B | $4.21B | $4.10B | $4.03B | $3.09B | $4.03B | $3.99B | $3.99B | $2.94B | $3.92B | $3.84B | $3.80B |
| Total assets | $89.05B | $86.43B | $83.64B | $82.79B | $77.10B | $75.48B | $73.22B | $73.39B | $69.83B | $67.91B | $66.32B | $73.72B |
| Liabilities | ||||||||||||
| Accounts payable | $22.59B | $22.36B | $20.65B | $23.51B | $19.78B | $19.82B | $18.61B | $21.79B | $19.42B | $18.84B | $17.49B | $20.36B |
| Short-term debt | $2.25B | — | $96.0M | $70.0M | $647.0M | $178.0M | $98.0M | $97.0M | $429.0M | $1.08B | $1.08B | $1.08B |
| Deferred revenue | — | — | $3.16B | $2.99B | $2.85B | $2.93B | $2.82B | $2.68B | $2.50B | $2.55B | $9.61B | $9.14B |
| Total current liabilities | $43.95B | $42.12B | $40.76B | $41.80B | $37.11B | $37.58B | $37.00B | $38.29B | $35.46B | $35.36B | $34.69B | $36.77B |
| Long-term debt | $0 | $5.67B | $5.69B | $5.67B | $5.71B | $5.72B | $5.75B | $5.75B | $5.79B | $5.83B | $5.87B | $5.87B |
| Lease obligations | — | $2.47B | $2.48B | $2.44B | $2.46B | $2.46B | $2.28B | $2.29B | $2.38B | $2.39B | $2.49B | $2.40B |
| Other long-term liabilities | $9.29B | $5.13B | $5.10B | $5.02B | $5.11B | $5.06B | $4.89B | $4.90B | $4.95B | $4.95B | $5.01B | $4.94B |
| Total liabilities | $53.24B | $52.92B | $51.55B | $52.49B | $47.94B | $48.36B | $47.65B | $48.94B | $46.21B | $46.14B | $45.56B | $47.58B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.0M | — | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M |
| Retained earnings (deficit) | $28.59B | $26.48B | $25.12B | $23.87B | $22.65B | $20.89B | $19.77B | $18.70B | $17.62B | $15.99B | $14.98B | $20.50B |
| Accumulated other comprehensive income | −$1.62B | — | −$1.61B | −$1.98B | −$1.77B | −$1.92B | −$2.24B | −$2.15B | −$1.83B | −$1.92B | −$1.84B | −$1.84B |
| Minority interest | — | — | — | — | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $35.80B | $33.51B | $32.09B | $30.30B | $29.16B | $27.12B | $25.58B | $24.45B | $23.62B | $21.77B | $20.76B | $26.15B |
| Key figures | ||||||||||||
| Total debt | $8.58B | $5.67B | $8.16B | $8.10B | $10.22B | $8.36B | $8.14B | $8.13B | $9.95B | $9.30B | $9.43B | $9.35B |
| Net cash (debt) | $12.72B | $14.33B | $10.07B | $9.08B | $5.06B | $6.49B | $5.02B | $3.70B | $1.20B | $2.20B | $888.0M | $8.52B |
| Working capital | $2.63B | $3.05B | $2.37B | $1.61B | $1.27B | $572.0M | −$102.0M | −$766.0M | −$1.22B | −$2.07B | −$2.54B | $3.31B |
| Tangible book value | $35.80B | $33.51B | $32.09B | $30.30B | $28.17B | $27.12B | $25.58B | $24.45B | $22.63B | $21.77B | $20.76B | $26.15B |
| Book value per share | $80.57 | $75.56 | $72.32 | $68.26 | $65.58 | $60.99 | $57.49 | $54.95 | $53.09 | $48.94 | $46.68 | $58.84 |
| Shares outstanding | 444.4M | 443.5M | 443.7M | 443.9M | 444.7M | 444.8M | 444.9M | 445.0M | 445.0M | 444.8M | 444.8M | 444.4M |
| Current ratio | 1.06 | 1.07 | 1.06 | 1.04 | 1.03 | 1.02 | 1.00 | 0.98 | 0.97 | 0.94 | 0.93 | 1.09 |
| Quick ratio | 0.57 | 0.56 | 0.54 | 0.49 | 0.50 | 0.47 | 0.44 | 0.39 | 0.39 | 0.40 | 0.38 | 0.55 |
| Debt / equity | 0.24 | 0.17 | 0.25 | 0.27 | 0.35 | 0.31 | 0.32 | 0.33 | 0.42 | 0.43 | 0.45 | 0.36 |
| Equity / assets | 40.2% | 38.8% | 38.4% | 36.6% | 37.8% | 35.9% | 34.9% | 33.3% | 33.8% | 32.1% | 31.3% | 35.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 7, 2026); data from EODHD.
COST financial position
At the end of fiscal 2026 (August 31, 2026), Costco had total assets of $89.0 billion (up 15.5% from a year earlier), total liabilities of $53.2 billion and shareholders' equity of $35.8 billion. It held $21.3 billion in cash and short-term investments against $8.6 billion of debt, a net cash position of $12.7 billion. Its current ratio was 1.06.
Related: COST income statement, COST cash flow statement, COST key metrics. See the COST stock overview for the latest quote and news.
COST balance sheet FAQ
What are Costco's total assets?
Costco reported total assets of $89.0 billion at the end of fiscal 2026 (August 31, 2026), compared with $77.1 billion a year earlier.
How much debt does Costco have?
Costco had $8.6 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.24.
How much cash does Costco have?
Costco held $21.3 billion in cash and short-term investments at the end of fiscal 2026; with $8.6 billion of debt that is net cash of $12.7 billion.
What is Costco's book value?
Costco's shareholders' equity (book value) was $35.8 billion at the end of fiscal 2026, or $80.56 per share.
What is Costco's current ratio?
Costco had current assets of $46.6 billion and current liabilities of $44.0 billion, a current ratio of 1.06 (it can cover its short-term obligations).