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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Spotify Technology's Total Stockholders Equity for the quarter that ended in Mar. 2026 was CHF7,290 Mil. Spotify Technology's Total Assets for the quarter that ended in Mar. 2026 was CHF11,949 Mil.
Therefore, Spotify Technology's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.61.
The historical rank and industry rank for Spotify Technology's Equity-to-Asset or its related term are showing as below:
XSWX:SPOT'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.11 Med: 0.38 Max: 0.61
Current: 0.61
During the past 11 years, the highest Equity to Asset Ratio of Spotify Technology was 0.61. The lowest was -0.11. And the median was 0.38.
XSWX:SPOT's Equity-to-Asset is ranked worse than 54.83% of 569
companies
in the Interactive Media industry
Industry Median: 0.65
vs XSWX:SPOT: 0.61
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Spotify Technology Equity-to-Asset Related Terms
Spotify Technology Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Spotify Technology's Equity-to-Asset 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.
XSWX:SPOT vs NBIS, BIDU, RDDT: Equity-to-Asset Comparison
For the Internet Content & Information subindustry, Spotify Technology's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Spotify Technology's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Spotify Technology's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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 (XSWX:SPOT) has a Equity-to-Asset of 0.61 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Spotify Technology and its competitors. This is 61% above median its historical median of 0.38. According to the industry distribution chart, Spotify Technology ranks #312 out of 569 companies in the Interactive Media industry, placing it in the top 54.8%.
Is Spotify Technology's Equity-to-Asset too high?
Spotify Technology's current Equity-to-Asset of 0.61 is 61% above median its 10-year median of 0.38. The Interactive Media industry median Equity-to-Asset is 0.65. Spotify Technology's value of 0.61 is 6.2% below this industry median. Based on the distribution chart, Spotify Technology ranks #312 out of 569 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Spotify Technology has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Equity-to-Asset compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #312 out of 569 companies for Equity-to-Asset. This places Spotify Technology in the lower half of its industry. The industry median Equity-to-Asset is 0.65. Spotify Technology's value of 0.61 is 6.2% below this benchmark. While the company's 10-year median is 0.38 vs. the industry median of 0.65, Spotify Technology has consistently been below 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 Equity-to-Asset for an Interactive Media company?
The median Equity-to-Asset among Interactive Media companies is 0.65, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current Equity-to-Asset of 0.61 is 6.2% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median Equity-to-Asset is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current Equity-to-Asset is 0.61, which is 61% above median its own 10-year median of 0.38. 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 Equity-to-Asset of 0.61. The stock's GF Value™ is CHF401.83, compared to a current price of CHF394.50 — trading 1.8% below its estimated fair value. The current Equity-to-Asset is 0.61, which is 61% above median its 10-year median of 0.38 and 6.2% below the Interactive Media industry median of 0.65. Spotify Technology's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Equity-to-Asset is 0.61 as of Mar. 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 undervalued.
The current stock price of CHF394.50 is trading 1.8% below its estimated GF Value™ of CHF401.83.
Key valuation signals for XSWX:SPOT:
Equity-to-Asset: 0.61 (61% above median its 10-year median of 0.38)
GF Value™: CHF401.83 vs. price of CHF394.50 (1.8% below fair value)
Industry Position: 6.2% below the Interactive Media median (#312 of 569)
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.
77GF Score
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