SPOTSpotify Technology S.A.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Insiders were net sellers (-$26.6M, 90 days to Oct 9, 2026), selling is often routine.
Net cash and profitable. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -81% · now 28% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can SPOT take a bad year?
Spotify Technology S.A. holds $3.80B more cash than debt, so a bad year is a question about profits, not about lenders.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Interest cover
- 8.26×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 45%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.46B
- Cash and short-term investments
- $5.26B
- Net cash
- $3.80B
- Operating profit, trailing twelve months
- $2.20B
- Debt / equity
- 0.17×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −81%
- Below its 52-week high
- 28%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Internet Content & Information
Ranks #12 of 31 by RyuScore