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
Recent updates
Spotify Q2: Subscriber Gains With Improved Monetization
Jul 23Spotify: Ready To Jump As Price And Bundling Adjustment Flow To Earnings
Jul 16Spotify's Price Hikes Make It Expensive For Everyone
Jul 08Estimating The Fair Value Of Spotify Technology S.A. (NYSE:SPOT)
Jun 20
Spotify: Price Increases Are Helping To Mask Weaker User Growth
Jun 07Spotify Technology (NYSE:SPOT) Might Have The Makings Of A Multi-Bagger
Jun 04Is Spotify Technology (NYSE:SPOT) Using Too Much Debt?
May 21Baron Fund - Spotify Technology: A Long-Term Winner In Music Streaming
May 16Spotify Technology S.A.'s (NYSE:SPOT) Popularity With Investors Is Clear
May 06Spotify: Bet On This 'Forever-Subscription' Company
May 06Spotify: Firing On All Cylinders, Initiating Stock With 'Strong Buy'
Apr 24Spotify: Expansion Success Is Largely Priced In
Apr 17Spotify Technology: My Top Recommendation For Potentially Explosive Upside
Apr 03Spotify's Faceoff With YouTube Is Intriguing, But A Sanity Check Is Due
Mar 21Wall Street Lunch: Spotify To Introduce Music Videos
Mar 13Spotify's Long-Term Prospects Outweigh Present Stock Valuation Concerns
Feb 28Spotify: Time To Lock In Gains For Now (Rating Downgrade)
Feb 14Spotify Q4 2023 Earnings Update
Feb 07Spotify: Music Streaming Remains A Competitive Nightmare
Jan 08Spotify's Headcount Reduction - A Strategic Reorientation
Dec 11Spotify: Optimism Is Returning
Dec 04Spotify: Adding To The Watchlist, But Not Buying
Nov 20Spotify: Focus On Profitability Makes Me Positive
Oct 31Spotify Q3 Earnings Preview: Fasten The Seat Belt
Oct 23Spotify Technology: Be Careful
Oct 06Ads, AI, And Spotify's Growth Prospects
Sep 29Spotify: Don't Lose Patience
Sep 07Spotify: Focus On User Growth
Aug 26Spotify Q2 2023 Earnings Update
Jul 26Spotify: Quietly Outperforming
Jun 26Spotify: I Will Buy After The Dip
Jun 08Spotify: The Closer I Look, The More Bullish I Become
May 25Spotify: Product Expansion Represents An Opportunity
Feb 21Spotify gains on report activist ValueAct has taken stake
Feb 10Spotify: Earnings Miss But Undervalued Intrinsically
Feb 02Spotify Q4 Preview: A Compelling Contrarian Bet
Jan 26Rowan Street Capital - Spotify: A Favorite Idea That's Extremely Mispriced
Jan 21Spotify's Future Financial Performance Is Too Much Of A Guessing Game
Jan 13Spotify: Making Profits On Thin Profit Margins
Dec 27Spotify: Likely On Track For A Tenfold Revenue Expansion By 2030
Dec 08Time To Take A Closer Look At Spotify
Nov 04Financial Position Analysis
Short Term Liabilities: SPOT's short term assets (€5.6B) exceed its short term liabilities (€4.0B).
Long Term Liabilities: SPOT's short term assets (€5.6B) exceed its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: SPOT has more cash than its total debt.
Reducing Debt: SPOT'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 SPOT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPOT 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.