Spotify TechnologyMEX:SPOT N -1.82%80 Interest Coverage is 102.14 as of Mar. 2026, which is 169% above its 10-year median of 37.92. GuruFocus rates MEX:SPOT N with a GF Score™ of 80/100 and a GF Value™ of MXN8,709.51 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 316 Interactive Media companies, Spotify Technology ranks better than 61.71% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Spotify Technology's
Operating Income
for the
three
months ended in Mar. 2026 was MXN14,906 Mil. Spotify Technology's Interest Expense for the
three
months ended in Mar. 2026 was MXN-146 Mil.
Spotify Technology's interest coverage for the quarter that ended in Mar. 2026 was 102.14.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Spotify Technology SA has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Spotify Technology's Interest Coverage or its related term are showing as below:
MEX:SPOT N'
s Interest Coverage Range Over the Past 10 Years
Min: 2.35 Med: 37.92 Max: 80.18
Current: 80.18
MEX:SPOT N's Interest Coverage is ranked better than 61.71% of 316
companies
in the Interactive Media industry
Industry Median: 38.305
vs MEX:SPOT N: 80.18
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Spotify Technology Interest Coverage Related Terms
Spotify Technology Interest Coverage Historical Data
* Premium members only.
The historical data trend for Spotify Technology's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:SPOT N vs NBIS, BIDU, RDDT: Interest Coverage Comparison
For the Internet Content & Information subindustry, Spotify Technology's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Spotify Technology's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (MEX:SPOT N) has a Interest Coverage of 102.14 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spotify Technology and its competitors. This is 169% above median its historical median of 37.92. Over the past decade, Spotify Technology's Interest Coverage has ranged from 2.35 to 80.18. According to the industry distribution chart, Spotify Technology ranks #121 out of 316 companies in the Interactive Media industry, placing it in the top 38.3%.
Is Spotify Technology's Interest Coverage too high?
Spotify Technology's current Interest Coverage of 102.14 is 169% above median its 10-year median of 37.92. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 80.18. The Interactive Media industry median Interest Coverage is 38.31. Spotify Technology's value of 102.14 is 166.6% above this industry median. Based on the distribution chart, Spotify Technology ranks #121 out of 316 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Spotify Technology has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Interest Coverage compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #121 out of 316 companies for Interest Coverage. This puts Spotify Technology in the upper half of its industry. The industry median Interest Coverage is 38.31. Spotify Technology's value of 102.14 is 166.6% above this benchmark. Historically, Spotify Technology's own Interest Coverage has ranged from 2.35 to 80.18 over the past decade. While the company's 10-year median is 37.92 vs. the industry median of 38.31, 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 Interest Coverage for an Interactive Media company?
The median Interest Coverage among Interactive Media companies is 38.31, based on 316 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current Interest Coverage of 102.14 is 166.6% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median Interest Coverage is 38.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current Interest Coverage is 102.14, which is 169% above median its own 10-year median of 37.92. 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?
Based on GuruFocus' analysis, Spotify Technology (MEX:SPOT N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN8,709.51, compared to a current price of MXN7,843.09 — trading 9.9% below its estimated fair value. The current Interest Coverage is 102.14, which is 169% above median its 10-year median of 37.92 and 166.6% above the Interactive Media industry median of 38.31. Spotify Technology's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Spotify Technology (MEX:SPOT N), the current Interest Coverage is 102.14 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 (MEX:SPOT N) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued.
The current stock price of MXN7,843.09 is trading 9.9% below its estimated GF Value™ of MXN8,709.51.
GuruFocus considers Spotify Technology to be Modestly Undervalued.
Key valuation signals for MEX:SPOT N:
Interest Coverage: 102.14 (169% above median its 10-year median of 37.92)
GF Value™: MXN8,709.51 vs. price of MXN7,843.09 (9.9% below fair value)
Industry Position: 166.6% above the Interactive Media median (#121 of 316)
No single metric tells the full story. See the MEX:SPOT N 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.
80GF Score
Get the complete analysis for MEX:SPOT N
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:SPOT N has been successfully added to your 
