Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Costco Wholesale's interest expense for the
three
months ended in Feb. 2024 was USD -41 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was USD-171 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Costco Wholesale's Operating Income for the
three
months ended in Feb. 2024 was USD 2,062 Mil. Costco Wholesale's Interest Expense for the
three
months ended in Feb. 2024 was USD -41 Mil.
Costco Wholesale's Interest Coverage for the quarter that ended in Feb. 2024 was 50.29.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Costco Wholesale Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was USD-171 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Costco Wholesale (NAS:COST) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Costco Wholesale's Interest Expense for the
three
months ended in Feb. 2024 was USD-41 Mil. Its
Operating Income
for the
three
months ended in Feb. 2024 was USD2,062 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Feb. 2024 was USD8,353 Mil.
Costco Wholesale's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Costco Wholesale (COST) Business Description
Traded in Other Exchanges
Address
999 Lake Drive, Issaquah, WA, USA, 98027
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.
Executives
| W Craig Jelinek |
officer: Executive VP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Yoram Rubananko |
officer: Executive VP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Caton Frates |
officer: Executive Vice President |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Daniel M. Hines |
other: Principal Acctg Officer |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Richard A Galanti |
director, officer: Executive VP and CFO |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Pierre Riel |
officer: EVP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Russell D Miller |
officer: Executive Vice President |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Claudine Adamo |
officer: Executive Vice President |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| James C Klauer |
officer: Executive Vice President |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Patrick J Callans |
officer: Executive VP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Helena Foulkes |
director |
ONE CVS DRIVE, WOONSOCKET RI 02895 |
| Susan L Decker |
director |
C/O YAHOO INC, 701 FIRST AVE, SUNNYVALE CA 94089 |
| Roland Michael Vachris |
officer: Executive VP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| James P. Murphy |
officer: Executive VP |
999 LAKE DRIVE, ISSAQUAH WA 98027 |
| Kenneth D Denman |
director |
|
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