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Spotify Technology (WBO:SPOT) Cash-to-Debt : 3.40 (As of Sep. 2024)


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What is Spotify Technology Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Spotify Technology's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.40.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Spotify Technology could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Spotify Technology's Cash-to-Debt or its related term are showing as below:

WBO:SPOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43   Med: 2.47   Max: No Debt
Current: 3.4

During the past 9 years, Spotify Technology's highest Cash to Debt Ratio was No Debt. The lowest was 1.43. And the median was 2.47.

WBO:SPOT's Cash-to-Debt is ranked worse than
55.81% of 577 companies
in the Interactive Media industry
Industry Median: 4.96 vs WBO:SPOT: 3.40

Spotify Technology Cash-to-Debt Historical Data

The historical data trend for Spotify Technology's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Spotify Technology Cash-to-Debt Chart

Spotify Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only 2.83 3.03 1.97 1.99 2.49

Spotify Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.15 2.49 2.65 3.01 3.40

Competitive Comparison of Spotify Technology's Cash-to-Debt

For the Internet Content & Information subindustry, Spotify Technology's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spotify Technology's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Spotify Technology's Cash-to-Debt falls into.



Spotify Technology Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Spotify Technology's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Spotify Technology's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spotify Technology  (WBO:SPOT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Spotify Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Spotify Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Spotify Technology Business Description

Address
5, Place de la Gare, Luxembourg, LUX, L-1616
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.