Spotify Technology Balance Sheet Health
Financial Health criteria checks 5/6
Spotify Technology has a total shareholder equity of €3.3B and total debt of €1.3B, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are €9.1B and €5.8B respectively. Spotify Technology's EBIT is €242.0M making its interest coverage ratio -2.3. It has cash and short-term investments of €4.3B.
Key information
38.4%
Debt to equity ratio
€1.27b
Debt
Interest coverage ratio | -2.3x |
Cash | €4.33b |
Equity | €3.31b |
Total liabilities | €5.77b |
Total assets | €9.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 639's short term assets (€5.6B) exceed its short term liabilities (€4.0B).
Long Term Liabilities: 639's short term assets (€5.6B) exceed its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: 639 has more cash than its total debt.
Reducing Debt: 639's debt to equity ratio has increased from 0% to 38.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 639 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 639 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.4% per year.