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Costco Wholesale (XTER:CTO) Interest Expense : €-155 Mil (TTM As of Aug. 2024)


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What is Costco Wholesale Interest Expense?

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 Aug. 2024 was € -44 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was €-155 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 Aug. 2024 was € 2,759 Mil. Costco Wholesale's Interest Expense for the three months ended in Aug. 2024 was € -44 Mil. Costco Wholesale's Interest Coverage for the quarter that ended in Aug. 2024 was 62.08. 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 Historical Data

The historical data trend for Costco Wholesale's Interest Expense can be seen below:

* 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.

* Premium members only.

Costco Wholesale Interest Expense Chart

Costco Wholesale Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -138.58 -145.35 -155.95 -146.72 -153.28

Costco Wholesale Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.35 -35.11 -38.01 -37.93 -44.44

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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-155 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  (XTER:CTO) 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 Aug. 2024 was €-44 Mil. Its Operating Income for the three months ended in Aug. 2024 was €2,759 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €7,409 Mil.

Costco Wholesale's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Aug. 2024 )/Interest Expense (Q: Aug. 2024 )
=-1*2759.094/-44.443
=62.08

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (XTER:CTO) » Definitions » Interest Expense
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Traded in Other Exchanges
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Address
999 Lake Drive, Issaquah, WA, USA, 98027
Website
https://www.costco.com
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 over 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 UK.