Costco Wholesale Corp /New

COST Retail & Consumer 3/10 Low Risk

3/10

↑ 1 → 3 over 35 weeks

Sector avg: 3.4/10

▲

Risk Score Increased

1/10 → 3/10

Score changed by 2 points as of 2026-10-25.

What changed

▼ Interest coverage: 67.4x → 80.6x (improved)

▲ Near-term maturity concentration: 1.3% → 36.4% (worsened)

▲ Cash coverage: 252.61x → 8.98x (worsened)

Costco Wholesale Corp /New has $6.2B in scheduled debt maturities. With $2.2B (36% of maturities) due within 24 months, COST faces a meaningful refinancing window. DebtCanary scores COST at 3/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-08-30 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$2.2B	36.4%
Year 2 (12-24 months)	$0	0.0%
Year 3 (24-36 months)	$136M	2.2%
Year 4 (36-48 months)	$1.8B	28.3%
Year 5 (48-60 months)	$161M	2.6%
Beyond 5 Years	$1.9B	30.4%
Total Scheduled Maturities	$6.2B	100.0%

Key Metrics

Total Long-Term Debt

N/A

Near-Term (12mo)

$2.2B

Interest Coverage

80.6x

Debt/Equity

0.17

Cash Coverage

8.98x

Operating Income

$11.7B

EBITDA

$14.4B

Debt / EBITDA

0.4x

EBITDA / Interest

99.0x

Refinancing Cost Shock

If Costco Wholesale Corp /New refinanced the $2.2B due within 24 months at today's market yields, its annual interest bill would change by an estimated +$72M/year — about 0.6% of operating income.

Show the full calculation

Debt due within 24 months (Year 1 + Year 2 buckets): $2.2B

Current average rate = interest expense / interest-bearing debt = $145M / $6.2B = 2.35%

Synthetic rating bucket from coverage (EBITDA/interest 99.0x, operating income/interest 80.6x): AAA

Market yield for AAA bucket (ICE BofA via FRED, 2026-10-22): 5.53% (BAMLC0A1CAAAEY)

Rate change: 5.53% − 2.35% = +3.18 pp

Annual cost change: +3.18% × $2.2B = +$72M/yr

As share of operating income ($11.7B): 0.6%

Index-level estimate, not issuer-level bond pricing: the rating bucket is inferred from interest coverage (not an agency rating), and actual new-issue pricing depends on tenor, security, and market conditions. See the methodology.

Hidden future pain — added interest run-rate as the schedule rolls

+1yr

+$72M/yr (0.6%)

+2yr

+$72M/yr (0.6%)

+3yr

+$76M/yr (0.6%)

+4yr

+$132M/yr (1.1%)

+5yr

+$137M/yr (1.2%)

Cumulative run-rate change once all debt maturing by each horizon has refinanced. Assumes yields hold. Market-wide view on the Hidden Future Pain page.

What if yields move? market yield 5.53% (+0 bps)

24-month wall refinanced at that yield: = of operating income

Compare across all companies on the Refinancing Cliff Map →

How This Score Was Computed

Weighted average of 4 scored components (raw 2.80, rounded to 3). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration Show calculation Year-1 maturities / Total scheduled maturities Year-1 maturities: $2.2B Total scheduled maturities: $6.2B	36.4%	7/10	30%
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: $11.7B Interest expense: $145M	80.59x	1/10	25%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $6.2B Stockholders' equity: $35.8B No balance-sheet long-term debt figure was reported; total scheduled maturities used as the debt proxy.	0.17	1/10	25%
Cash Coverage of Near-Term Debt Show calculation Cash & equivalents / Debt due within 12 months Cash & equivalents: $20.2B Near-term debt: $2.2B	8.98x	1/10	20%
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Costco Wholesale Corp /New's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-10-16	8-K	Officer / Director Change
2026-10-14	8-K	Other Events
2026-10-07	10-K	Annual report
2026-09-24	8-K	Earnings Results
2026-07-08	8-K	Other Events
2026-06-03	10-Q	Quarterly report
2026-05-28	8-K	Earnings Results
2026-04-15	8-K	Other Events

Related Companies

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Target

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Kohl's

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Alibaba Group Holding

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-08-30. Filing date: 2026-10-07. Data last fetched: 2026-10-25. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Costco Wholesale Corp /New →