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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 Jun. 2026 was 20.15.
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 Technologycould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Spotify Technology's Cash-to-Debt or its related term are showing as below:
XSWX:SPOT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: 2.72 Max: No Debt
Current: 20.15
During the past 11 years, Spotify Technology's highest Cash to Debt Ratio was No Debt. The lowest was 1.43. And the median was 2.72.
XSWX:SPOT's Cash-to-Debt is ranked better than 64.81% of 540
companies
in the Interactive Media industry
Industry Median: 4.855
vs XSWX:SPOT: 20.15
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
Spotify Technology Cash-to-Debt Historical Data
* Premium members only.
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.
XSWX:SPOT vs NBIS, BIDU, RDDT: Cash-to-Debt Comparison
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 Cash-to-Debt vs 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.
* 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 (XSWX:SPOT) has a Cash-to-Debt of 20.15 as of Jun. 2026. This is 641% above median its historical median of 2.72. Over the past decade, Spotify Technology's Cash-to-Debt has ranged from 1.43 to 10,000.00. According to the industry distribution chart, Spotify Technology ranks #190 out of 540 companies in the Interactive Media industry, placing it in the top 35.2%.
Is Spotify Technology's Cash-to-Debt too high?
Spotify Technology's current Cash-to-Debt of 20.15 is 641% above median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 10,000.00. The Interactive Media industry median Cash-to-Debt is 4.86. Spotify Technology's value of 20.15 is 315% above this industry median. Based on the distribution chart, Spotify Technology ranks #190 out of 540 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Spotify Technology has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Cash-to-Debt compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #190 out of 540 companies for Cash-to-Debt. This puts Spotify Technology in the upper half of its industry. The industry median Cash-to-Debt is 4.86. Spotify Technology's value of 20.15 is 315% above this benchmark. Historically, Spotify Technology's own Cash-to-Debt has ranged from 1.43 to 10,000.00 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 4.86, Spotify Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Interactive Media company?
The median Cash-to-Debt among Interactive Media companies is 4.86, based on 540 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current Cash-to-Debt of 20.15 is 315% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median Cash-to-Debt is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current Cash-to-Debt is 20.15, which is 641% above median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Spotify Technology (XSWX:SPOT) has a current Cash-to-Debt of 20.15. The stock's GF Value™ is CHF413.92, compared to a current price of CHF428.50 — trading 3.5% above its estimated fair value. The current Cash-to-Debt is 20.15, which is 641% above median its 10-year median of 2.72 and 315% above the Interactive Media industry median of 4.86. Spotify Technology's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Cash-to-Debt is 20.15 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spotify Technology (XSWX:SPOT) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be overvalued.
The current stock price of CHF428.50 is trading 3.5% above its estimated GF Value™ of CHF413.92.
Key valuation signals for XSWX:SPOT:
Cash-to-Debt: 20.15 (641% above median its 10-year median of 2.72)
GF Value™: CHF413.92 vs. price of CHF428.50 (3.5% above fair value)
Industry Position: 315% above the Interactive Media median (#190 of 540)
No single metric tells the full story. See the XSWX:SPOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks 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.
78GF Score
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