Spotify Technology SA

NYSE SPOT

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Spotify Technology SA Cash Flow Coverage Ratio for the quarter ending March 31, 2024: 3.89

Spotify Technology SA Cash Flow Coverage Ratio is 3.89 for the quarter ending March 31, 2024, a 425.06% change year over year. The cash flow coverage ratio evaluates a company's ability to cover its interest expense with its operating cash flow after deducting capital expenditures. It is calculated by dividing the difference between operating cash flow and capital expenditures by interest expense. This ratio indicates the company's ability to generate enough cash flow to service its interest payments. A higher ratio signifies better coverage and financial stability.
  • Spotify Technology SA Cash Flow Coverage Ratio for the quarter ending March 31, 2023 was 0.74, a -72.58% change year over year.
  • Spotify Technology SA Cash Flow Coverage Ratio for the quarter ending March 31, 2022 was 2.70, a -34.15% change year over year.
  • Spotify Technology SA Cash Flow Coverage Ratio for the quarter ending March 31, 2021 was 4.10, a 314.76% change year over year.
  • Spotify Technology SA Cash Flow Coverage Ratio for the quarter ending March 31, 2020 was -1.91, a -109.99% change year over year.
NYSE: SPOT

Spotify Technology SA

CEO Mr. Daniel G. Ek
IPO Date April 3, 2018
Location Luxembourg
Headquarters 42-44, avenue de la Gare, Luxembourg City, Luxembourg, 1610
Employees 7,721
Sector Communication Services
Industry Internet content & information
Description

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.

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StockViz Staff

September 19, 2024

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