Spotify Technology (XTER:639) Cash-to-Debt : 3.40 (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

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:

XTER:639' 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.

XTER:639's Cash-to-Debt is ranked worse than
55.81% of 577 companies
in the Interactive Media industry
Industry Median: 4.96 vs XTER:639: 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.

* Premium members only.

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

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															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:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4214	/	(0	+	1696)
	=	2.48

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6080	/	(0	+	1786)
	=	3.40

Spotify Technology (XTER:639) 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

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (XTER:639) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SPOT:USA SPOT:Mexico 1SPOT:Italy 0SPT:UK S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

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.

Spotify Technology Headlines

No Headlines