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Spotify Technology SA (GB:0SPT)
:0SPT
UK Market
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Spotify (0SPT) Ratios

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Spotify Ratios

GB:0SPT's free cash flow for Q3 2025 was €0.32. For the 2025 fiscal year, GB:0SPT's free cash flow was decreased by € and operating cash flow was €0.23. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.62 1.29 1.24 1.36 0.82
Quick Ratio
1.62 1.29 1.20 1.36 0.82
Cash Ratio
0.88 0.76 0.71 0.85 0.40
Solvency Ratio
0.22 -0.06 -0.05 0.02 -0.14
Operating Cash Flow Ratio
0.48 0.17 0.01 0.11 0.09
Short-Term Operating Cash Flow Coverage
1.65 0.00 0.00 0.00 0.00
Net Current Asset Value
€ 3.18B€ -563.00M€ -883.00M€ -679.00M€ -1.16B
Leverage Ratios
Debt-to-Assets Ratio
0.15 0.20 0.22 0.25 0.09
Debt-to-Equity Ratio
0.29 0.67 0.70 0.84 0.21
Debt-to-Capital Ratio
0.22 0.40 0.41 0.46 0.17
Long-Term Debt-to-Capital Ratio
0.00 0.32 0.32 0.36 0.00
Financial Leverage Ratio
1.89 3.31 3.18 3.38 2.26
Debt Service Coverage Ratio
0.83 -8.55 -5.93 2.02 -0.32
Interest Coverage Ratio
59.78 -11.74 -11.36 3.74 -0.57
Debt to Market Cap
0.02 0.04 0.08 0.03 0.00
Interest Debt Per Share
11.13 8.90 9.02 9.79 5.79
Net Debt to EBITDA
-1.63 4.76 2.82 -2.06 1.96
Profitability Margins
Gross Profit Margin
31.75%25.64%24.95%26.80%25.57%
EBIT Margin
11.11%-3.44%-2.66%3.10%-8.31%
EBITDA Margin
11.68%-2.25%-2.42%4.83%-3.72%
Operating Profit Margin
11.67%-3.37%-5.62%3.52%-3.72%
Pretax Profit Margin
10.91%-3.81%-3.16%2.58%-9.00%
Net Profit Margin
8.32%-4.02%-3.67%-0.35%-7.37%
Continuous Operations Profit Margin
8.30%-4.02%-3.67%-0.35%-7.37%
Net Income Per EBT
76.20%105.35%116.22%-13.65%81.95%
EBT Per EBIT
93.47%113.23%56.15%73.24%241.98%
Return on Assets (ROA)
9.56%-6.37%-5.63%-0.47%-9.18%
Return on Equity (ROE)
21.47%-21.09%-17.91%-1.60%-20.71%
Return on Capital Employed (ROCE)
23.35%-10.48%-16.00%8.62%-8.55%
Return on Invested Capital (ROIC)
14.59%-11.04%-18.59%-1.18%-7.01%
Return on Tangible Assets
10.34%-7.45%-6.78%-0.55%-10.58%
Earnings Yield
1.42%-1.61%-3.02%-0.09%-1.20%
Efficiency Ratios
Receivables Turnover
19.77 22.00 23.36 15.44 24.70
Payables Turnover
14.33 14.88 14.97 13.25 13.51
Inventory Turnover
0.00 0.00 73.34 0.00 0.00
Fixed Asset Turnover
40.62 24.22 15.33 11.95 10.41
Asset Turnover
1.15 1.59 1.54 1.35 1.25
Working Capital Turnover Ratio
4.94 13.21 11.83 31.59 -21.24
Cash Conversion Cycle
-7.00 -7.94 -3.78 -3.91 -12.23
Days of Sales Outstanding
18.46 16.59 15.62 23.63 14.78
Days of Inventory Outstanding
0.00 0.00 4.98 0.00 0.00
Days of Payables Outstanding
25.47 24.53 24.39 27.54 27.01
Operating Cycle
18.46 16.59 20.60 23.63 14.78
Cash Flow Ratios
Operating Cash Flow Per Share
14.49 3.49 0.24 1.89 1.38
Free Cash Flow Per Share
14.27 3.46 0.11 1.44 0.96
CapEx Per Share
0.22 0.03 0.13 0.44 0.42
Free Cash Flow to Operating Cash Flow
0.98 0.99 0.46 0.76 0.70
Dividend Paid and CapEx Coverage Ratio
66.17 113.33 1.84 4.25 3.32
Capital Expenditure Coverage Ratio
66.17 113.33 1.84 4.25 3.32
Operating Cash Flow Coverage Ratio
1.32 0.40 0.03 0.20 0.45
Operating Cash Flow to Sales Ratio
0.18 0.05 <0.01 0.04 0.03
Free Cash Flow Yield
2.97%2.04%0.15%0.70%0.37%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
70.38 -62.23 -33.08 -1.16K -83.12
Price-to-Sales (P/S) Ratio
5.83 2.50 1.21 4.07 6.13
Price-to-Book (P/B) Ratio
12.71 13.12 5.92 18.58 17.22
Price-to-Free Cash Flow (P/FCF) Ratio
33.60 49.12 677.40 142.65 266.82
Price-to-Operating Cash Flow Ratio
33.21 48.68 309.25 109.06 186.46
Price-to-Earnings Growth (PEG) Ratio
0.98 -2.78 -0.03 12.29 -0.41
Price-to-Fair Value
12.71 13.12 5.92 18.58 17.22
Enterprise Value Multiple
48.29 -106.33 -47.27 82.24 -162.87
Enterprise Value
95.36B 31.69B 13.43B 38.41B 47.72B
EV to EBITDA
48.31 -106.33 -47.27 82.24 -162.87
EV to Sales
5.64 2.39 1.14 3.97 6.06
EV to Free Cash Flow
32.52 47.01 639.30 139.16 263.65
EV to Operating Cash Flow
32.03 46.60 291.86 106.39 184.25
Tangible Book Value Per Share
32.50 6.75 5.73 5.94 10.51
Shareholders’ Equity Per Share
37.87 12.96 12.44 11.08 14.95
Tax and Other Ratios
Effective Tax Rate
0.24 -0.05 -0.16 1.14 0.18
Revenue Per Share
82.25 68.03 60.78 50.54 42.01
Net Income Per Share
6.84 -2.73 -2.23 -0.18 -3.10
Tax Burden
0.76 1.05 1.16 -0.14 0.82
Interest Burden
0.98 1.11 1.19 0.83 1.08
Research & Development to Revenue
0.09 0.13 0.12 0.09 0.11
SG&A to Revenue
0.01 0.04 0.05 0.05 0.06
Stock-Based Compensation to Revenue
0.01 0.02 0.03 0.02 0.02
Income Quality
2.12 -1.28 -0.11 -10.62 -0.45
Currency in EUR
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