Costco Wholesale Corp.、合并资产负债表结构：负债和股东权益（季度数据）
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2025年5月11日 |
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2025年2月16日 |
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2024年11月24日 |
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2024年9月1日 |
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2024年5月12日 |
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2024年2月18日 |
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2023年11月26日 |
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2023年9月3日 |
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2023年5月7日 |
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2023年2月12日 |
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2022年11月20日 |
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2022年8月28日 |
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2022年5月8日 |
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2022年2月13日 |
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2021年11月21日 |
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2021年8月29日 |
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2021年5月9日 |
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2021年2月14日 |
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2020年11月22日 |
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2020年8月30日 |
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2020年5月10日 |
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2020年2月16日 |
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2019年11月24日 |
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2019年9月1日 |
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2019年5月12日 |
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2019年2月17日 |
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2018年11月25日 |
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应付帐款 |
26.26% | |
25.42% | |
29.70% | |
27.81% | |
27.75% | |
26.38% | |
27.61% | |
25.34% | |
25.25% | |
24.54% | |
27.79% | |
27.82% | |
27.64% | |
27.09% | |
30.49% | |
27.47% | |
27.13% | |
26.19% | |
28.25% | |
25.51% | |
20.90% | |
22.70% | |
28.08% | |
25.72% | |
25.90% | |
25.03% | |
29.97% | |
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|
应计薪金和福利 |
6.38% | |
7.03% | |
6.52% | |
6.87% | |
6.43% | |
7.24% | |
6.07% | |
6.20% | |
6.17% | |
6.71% | |
6.54% | |
6.83% | |
6.41% | |
6.89% | |
6.21% | |
6.90% | |
6.68% | |
7.52% | |
5.96% | |
6.49% | |
6.27% | |
7.00% | |
6.14% | |
7.00% | |
6.60% | |
7.41% | |
6.81% | |
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|
累积会员奖励 |
3.42% | |
3.40% | |
3.33% | |
3.49% | |
3.44% | |
3.42% | |
2.99% | |
3.12% | |
3.11% | |
3.02% | |
2.97% | |
2.98% | |
2.86% | |
2.85% | |
2.69% | |
2.82% | |
2.82% | |
2.81% | |
2.41% | |
2.51% | |
2.57% | |
2.55% | |
2.32% | |
2.60% | |
2.65% | |
2.64% | |
2.46% | |
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|
递延会员费 |
3.88% | |
3.86% | |
3.66% | |
3.58% | |
3.76% | |
3.83% | |
3.34% | |
3.39% | |
3.65% | |
3.61% | |
3.52% | |
3.39% | |
3.53% | |
3.56% | |
3.42% | |
3.45% | |
3.67% | |
3.73% | |
3.30% | |
3.33% | |
3.54% | |
3.82% | |
3.53% | |
3.77% | |
4.02% | |
4.05% | |
3.87% | |
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长期债务的流动部分 |
0.24% | |
0.13% | |
0.13% | |
0.15% | |
1.59% | |
1.63% | |
1.46% | |
1.57% | |
0.00% | |
0.11% | |
0.11% | |
0.11% | |
0.12% | |
0.00% | |
1.25% | |
1.35% | |
0.16% | |
0.17% | |
0.16% | |
0.17% | |
2.89% | |
1.02% | |
3.31% | |
3.74% | |
3.88% | |
3.97% | |
0.00% | |
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其他流动负债 |
9.61% | |
10.69% | |
8.84% | |
8.89% | |
9.10% | |
9.81% | |
8.39% | |
9.06% | |
9.33% | |
10.65% | |
9.16% | |
8.74% | |
9.32% | |
9.62% | |
7.92% | |
7.70% | |
8.39% | |
7.95% | |
14.17% | |
6.71% | |
7.85% | |
9.43% | |
7.69% | |
8.35% | |
9.13% | |
9.35% | |
8.18% | |
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流动负债 |
49.79% |
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50.53% |
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52.17% |
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50.79% |
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52.07% |
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52.30% |
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49.87% |
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48.68% |
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47.50% |
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48.64% |
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50.08% |
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49.87% |
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49.87% |
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50.01% |
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51.98% |
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49.67% |
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48.86% |
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48.37% |
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54.25% |
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44.72% |
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44.03% |
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46.52% |
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51.07% |
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51.18% |
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52.19% |
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52.45% |
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51.29% |
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长期债务，不包括流动部分 |
7.57% | |
7.86% | |
7.83% | |
8.30% | |
8.59% | |
8.84% | |
7.96% | |
7.79% | |
9.73% | |
9.73% | |
9.80% | |
10.11% | |
10.19% | |
10.56% | |
10.39% | |
11.29% | |
13.09% | |
13.70% | |
12.50% | |
13.53% | |
14.69% | |
10.45% | |
9.93% | |
11.29% | |
10.97% | |
11.20% | |
14.79% | |
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长期经营租赁负债 |
3.26% | |
3.12% | |
3.12% | |
3.40% | |
3.51% | |
3.75% | |
3.26% | |
3.52% | |
3.76% | |
3.83% | |
3.79% | |
3.87% | |
3.84% | |
4.10% | |
4.13% | |
4.46% | |
4.61% | |
4.83% | |
4.27% | |
4.60% | |
4.90% | |
5.01% | |
4.75% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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其他长期负债 |
3.44% | |
3.56% | |
3.56% | |
3.69% | |
3.77% | |
3.80% | |
3.45% | |
3.70% | |
3.70% | |
3.69% | |
3.80% | |
3.98% | |
3.97% | |
3.66% | |
3.88% | |
4.07% | |
3.81% | |
3.74% | |
3.55% | |
3.48% | |
3.13% | |
3.16% | |
2.71% | |
3.20% | |
2.97% | |
3.21% | |
3.15% | |
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其他责任 |
14.28% |
|
14.54% |
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14.51% |
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15.39% |
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15.87% |
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16.40% |
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14.66% |
|
15.01% |
|
17.18% |
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17.25% |
|
17.39% |
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17.95% |
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18.00% |
|
18.32% |
|
18.41% |
|
19.82% |
|
21.51% |
|
22.26% |
|
20.33% |
|
21.61% |
|
22.71% |
|
18.63% |
|
17.39% |
|
14.49% |
|
13.94% |
|
14.41% |
|
17.94% |
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负债合计 |
64.06% |
|
65.07% |
|
66.68% |
|
66.17% |
|
67.94% |
|
68.70% |
|
64.53% |
|
63.68% |
|
64.69% |
|
65.89% |
|
67.47% |
|
67.82% |
|
67.87% |
|
68.33% |
|
70.38% |
|
69.50% |
|
70.36% |
|
70.63% |
|
74.58% |
|
66.33% |
|
66.75% |
|
65.15% |
|
68.45% |
|
65.67% |
|
66.13% |
|
66.86% |
|
69.24% |
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优先股面值 0.005 美元;无已发行及流通股 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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普通股 0.005 美元面值 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
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额外实收资本 |
10.79% | |
10.99% | |
10.77% | |
11.21% | |
11.34% | |
11.49% | |
10.16% | |
10.64% | |
10.80% | |
10.66% | |
10.57% | |
10.73% | |
11.39% | |
11.39% | |
11.01% | |
11.86% | |
12.08% | |
12.46% | |
11.17% | |
12.06% | |
12.74% | |
13.34% | |
12.43% | |
14.13% | |
14.42% | |
14.53% | |
13.94% | |
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累计其他综合亏损 |
-2.54% | |
-3.06% | |
-2.93% | |
-2.62% | |
-2.83% | |
-2.78% | |
-2.50% | |
-2.62% | |
-2.52% | |
-2.50% | |
-2.92% | |
-2.85% | |
-2.51% | |
-1.98% | |
-1.89% | |
-1.92% | |
-1.59% | |
-1.75% | |
-1.83% | |
-2.33% | |
-3.24% | |
-2.62% | |
-2.57% | |
-3.16% | |
-3.02% | |
-2.99% | |
-3.04% | |
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留存收益 |
27.68% | |
27.00% | |
25.48% | |
25.23% | |
23.54% | |
22.59% | |
27.81% | |
28.29% | |
27.02% | |
25.94% | |
24.86% | |
24.29% | |
22.39% | |
21.36% | |
19.65% | |
19.68% | |
18.27% | |
17.78% | |
15.33% | |
23.18% | |
22.97% | |
23.34% | |
20.97% | |
22.59% | |
21.70% | |
20.83% | |
19.14% | |
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Costco股东权益总额 |
35.94% |
|
34.93% |
|
33.32% |
|
33.83% |
|
32.06% |
|
31.30% |
|
35.47% |
|
36.32% |
|
35.31% |
|
34.10% |
|
32.52% |
|
32.17% |
|
31.27% |
|
30.78% |
|
28.78% |
|
29.63% |
|
28.78% |
|
28.50% |
|
24.68% |
|
32.91% |
|
32.48% |
|
34.06% |
|
30.84% |
|
33.57% |
|
33.11% |
|
32.38% |
|
30.05% |
|
|
|
非控制性权益 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.85% | |
0.88% | |
0.84% | |
0.87% | |
0.86% | |
0.87% | |
0.75% | |
0.76% | |
0.78% | |
0.79% | |
0.71% | |
0.75% | |
0.76% | |
0.76% | |
0.71% | |
|
|
权益合计 |
35.94% |
|
34.93% |
|
33.32% |
|
33.83% |
|
32.06% |
|
31.30% |
|
35.47% |
|
36.32% |
|
35.31% |
|
34.11% |
|
32.53% |
|
32.18% |
|
32.13% |
|
31.67% |
|
29.62% |
|
30.50% |
|
29.64% |
|
29.37% |
|
25.42% |
|
33.67% |
|
33.25% |
|
34.85% |
|
31.55% |
|
34.33% |
|
33.87% |
|
33.14% |
|
30.76% |
|
|
|
负债和权益合计 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
根据报告：
10-Q (报告日期： 2025-05-11), 10-Q (报告日期： 2025-02-16), 10-Q (报告日期： 2024-11-24), 10-K (报告日期： 2024-09-01), 10-Q (报告日期： 2024-05-12), 10-Q (报告日期： 2024-02-18), 10-Q (报告日期： 2023-11-26), 10-K (报告日期： 2023-09-03), 10-Q (报告日期： 2023-05-07), 10-Q (报告日期： 2023-02-12), 10-Q (报告日期： 2022-11-20), 10-K (报告日期： 2022-08-28), 10-Q (报告日期： 2022-05-08), 10-Q (报告日期： 2022-02-13), 10-Q (报告日期： 2021-11-21), 10-K (报告日期： 2021-08-29), 10-Q (报告日期： 2021-05-09), 10-Q (报告日期： 2021-02-14), 10-Q (报告日期： 2020-11-22), 10-K (报告日期： 2020-08-30), 10-Q (报告日期： 2020-05-10), 10-Q (报告日期： 2020-02-16), 10-Q (报告日期： 2019-11-24), 10-K (报告日期： 2019-09-01), 10-Q (报告日期： 2019-05-12), 10-Q (报告日期： 2019-02-17), 10-Q (报告日期： 2018-11-25).
从所提供的季度财务数据可以观察到几项关键趋势和变化。在负债结构方面，应付账款占比呈现一定的波动，但整体在20%至30%的范围内，且在部分时期略有下降，尤其是在2020年中期夏季，最低值出现（约24.54%），显示出公司在应付账款管理方面的调整。应计薪金和福利的占比相对稳定，徘徊在6%至7%之间，表明公司员工成本的负债比例变化不大，并未显示明显的压力或变化。此外，累积会员奖励和递延会员费占比保持较为稳定的趋势，显示出会员相关负债的持续比例关系，略有上升趋势可能反映会员折扣和会员费制度的调整。
在长期债务方面，流动部分呈现明显的波动。尤其是在2020年，流动债务占比大幅下降至约1-2%，而在2021年开始又逐步回升至约1.5%以上。同期，非流动部分不断减少，从较高水平（约10–14%）逐渐降低，至2024年保持在7%左右，显示公司债务结构趋于更稳健的长期负债比例减低，可能是为了减少短期偿债压力。
关于其他负债项目，除“其他流动负债”在某些季度出现明显的高峰（可达14%多），外，其他负债占比总体较为稳定，反映公司对其他长期与短期负债的平衡策略。此外，“其他责任”占比较大，基本保持在14%到22%的范围内，显示公司承担多样化责任项目。
股东权益方面，整体占比稳定在30%至35%之间，说明公司资本结构较为稳固，留存收益的比例逐步上升，特别是在2021年至2025年前期，显示累积利润持续增长，增强股东权益基础。此外，权益合计占比整体呈上升趋势，增强了公司财务稳健性。
综上所述，公司财务结构表现出一定的稳健性，短期债务比例在部分时期较低，有利于缓冲短期偿债压力，但整体负债水平仍维持在合理范围内。资产负债结构的调整反映了管理层对风险控制与资本结构优化的持续关注，会员相关负债占比保持稳定，表明会员制度对财务的持续影响。未来的财务趋势可能继续关注长短期债务的平衡和权益的持续增长，以确保财务稳健和财务抗风险能力的增强。
