Spotify Technology Balance Sheet Health
Financial Health criteria checks 5/6
Spotify Technology has a total shareholder equity of €4.6B and total debt of €1.3B, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are €10.6B and €5.9B respectively. Spotify Technology's EBIT is €1.1B making its interest coverage ratio -6.6. It has cash and short-term investments of €5.6B.
Key information
28.9%
Debt to equity ratio
€1.34b
Debt
| Interest coverage ratio | -6.6x |
| Cash | €5.58b |
| Equity | €4.63b |
| Total liabilities | €5.92b |
| Total assets | €10.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S1PO34's short term assets (€7.0B) exceed its short term liabilities (€4.1B).
Long Term Liabilities: S1PO34's short term assets (€7.0B) exceed its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: S1PO34 has more cash than its total debt.
Reducing Debt: S1PO34's debt to equity ratio has increased from 0% to 28.9% over the past 5 years.
Debt Coverage: S1PO34's debt is well covered by operating cash flow (135.4%).
Interest Coverage: S1PO34 earns more interest than it pays, so coverage of interest payments is not a concern.