# Spotify Debt & dilution NYSE: SPOT · Reporting currency: EUR [Interactive page](https://beanvest.com/stock/spot/capital) · [JSON with these options](https://beanvest.com/stock/spot/capital.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.7) · [Raw filing inputs](https://beanvest.com/api/v2/financials/spot) Frequency: quarterly. Newest first. Retrieved: 2026-10-22T21:14:08.633Z. Coverage: 2023-03-31 to 2026-09-30. Rows 1–15 of 15. Snapshot checked: 2026-10-19T21:59:30.430Z. Last validated: 2026-10-23T14:12:07.806Z. ## Definitions - **Total debt** (`debt`, EUR_millions): Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated. - **Cash & equivalents** (`cash`, EUR_millions): Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash. - **Net debt** (`net_debt`, EUR_millions): Total debt − cash and equivalents. Negative means net cash. - **Debt / equity** (`debt_equity`, multiple): Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable. - **Debt / assets** (`debt_assets`, percent): Total debt / total assets × 100. - **Net debt / EBITDA** (`net_debt_ebitda`, multiple): Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained. - **Debt / FCF** (`debt_fcf`, multiple): Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option. - **Interest coverage** (`interest_coverage`, multiple): TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest. - **Current ratio** (`current_ratio`, multiple): Current assets / positive current liabilities. - **Diluted shares** (`diluted_shares`, shares_millions): Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible. - **Basic shares** (`basic_shares`, shares_millions): Reported weighted average basic shares, normalized for subsequent recorded stock splits. - **Share count growth** (`dilution`, percent): Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count. - **Share repurchases** (`buybacks`, EUR_millions): Reported cash payments for repurchase of common shares. This is spending, not a buyback yield. ## Values | Period | End date | Total debt (EUR_millions) | Cash & equivalents (EUR_millions) | Net debt (EUR_millions) | Debt / equity (multiple) | Debt / assets (percent) | Net debt / EBITDA (multiple) | Debt / FCF (multiple) | Interest coverage (multiple) | Current ratio (multiple) | Diluted shares (shares_millions) | Basic shares (shares_millions) | Share count growth (percent) | Share repurchases (EUR_millions) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-Q3 | 2026-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2026-Q2 | 2026-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2026-Q1 | 2026-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2025-Q4 | 2025-12-31 | Unavailable | 5258 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 8.263157894736842 | 1.7248972884141331 | Unavailable | Unavailable | Unavailable | Unavailable | | 2025-Q3 | 2025-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2025-Q2 | 2025-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2025-Q1 | 2025-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2024-Q4 | 2024-12-31 | Unavailable | 4781 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 3.877840909090909 | 1.8829213483146068 | Unavailable | Unavailable | Unavailable | Unavailable | | 2024-Q3 | 2024-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2024-Q2 | 2024-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2024-Q1 | 2024-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2023-Q4 | 2023-12-31 | Unavailable | 3114 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -2.0272727272727273 | 1.2860635696821516 | Unavailable | Unavailable | Unavailable | Unavailable | | 2023-Q3 | 2023-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2023-Q2 | 2023-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | | 2023-Q1 | 2023-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | ## Unavailable values - debt: Reported borrowing balances are unavailable in the extracted statements for this period. - cash: Cash and cash equivalents is unavailable in the extracted statements for this period. - net_debt: Reported borrowing balances are unavailable in the extracted statements for this period. - debt_equity: Reported borrowing balances are unavailable in the extracted statements for this period. - debt_assets: Reported borrowing balances are unavailable in the extracted statements for this period. - net_debt_ebitda: Reported borrowing balances are unavailable in the extracted statements for this period. - debt_fcf: Reported borrowing balances are unavailable in the extracted statements for this period. - interest_coverage: Operating income is unavailable in the extracted statements for this period. - current_ratio: The reported inputs required for this metric are unavailable in the extracted statements for this period. - diluted_shares: The reported inputs required for this metric are unavailable in the extracted statements for this period. - basic_shares: The reported inputs required for this metric are unavailable in the extracted statements for this period. - dilution: The reported inputs required for this metric are unavailable in the extracted statements for this period. - buybacks: The reported inputs required for this metric are unavailable in the extracted statements for this period. - dilution: The matching period one year earlier is unavailable. - net_debt_ebitda: A complete trailing 12-month reporting basis is unavailable. - debt_fcf: A complete trailing 12-month reporting basis is unavailable. - interest_coverage: A complete trailing 12-month reporting basis is unavailable. ## Sources - [sec-0001639920-cc022970e9b2](https://data.sec.gov/api/xbrl/companyfacts/CIK0001639920.json) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 cc022970e9b216233a25843b42f2a8a528dd92feb38500f9759c0109fccf84e0 - [filing-39700e42c86e146e](https://www.sec.gov/Archives/edgar/data/1639920/000163992023000007/spot-20230331x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 39700e42c86e146e2bd4fafb098bf6648c42fb58821b8db11e176163c27295f6 - [filing-44247980b63b87b8](https://www.sec.gov/Archives/edgar/data/1639920/000163992023000010/spot-20230630x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 44247980b63b87b8df919ec988d6798568d016b947375a3b69dd8beeb5fff724 - [filing-bd7eda22bc662bf4](https://www.sec.gov/Archives/edgar/data/1639920/000163992023000013/spot-20230930x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 bd7eda22bc662bf4395bee3d535e7aa5c3e8c19bfcbf8311abe38711bc1bb0ee - [filing-480589e598e0f6db](https://www.sec.gov/Archives/edgar/data/1639920/000163992024000007/spot-20240331x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 480589e598e0f6dba23c5784bce79d46241ec7d3e323bfbea53243c07e355a13 - [filing-ad51daa7ed267473](https://www.sec.gov/Archives/edgar/data/1639920/000163992024000009/spot-20240630x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 ad51daa7ed2674731c9b15df9bf921683fbfde40cd537ec88accc032190bbe46 - [filing-771c86a1de064506](https://www.sec.gov/Archives/edgar/data/1639920/000163992024000013/spot-20240930x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 771c86a1de064506faf7292a7559aee45efeb10edfcd008b7fbf680767f76b05 - [filing-197d0426f0f4fe2f](https://www.sec.gov/Archives/edgar/data/1639920/000163992025000006/spot-20250331x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 197d0426f0f4fe2fe7992359240a8879711fc35ff778f185374a34fbb3e99fdb - [filing-2e4d890397d3be86](https://www.sec.gov/Archives/edgar/data/1639920/000163992025000012/spot-20250630x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 2e4d890397d3be86e697f360168f7a5ef73940fb4d4825337cb3460eabe4ccae - [filing-3b264eca06f5d5a3](https://www.sec.gov/Archives/edgar/data/1639920/000162828025048927/spot-20250930x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 3b264eca06f5d5a3c65397aa847527f53e9f45c1b901e5b6bcab1b00b09a7785 - [filing-c2f415e841d25249](https://www.sec.gov/Archives/edgar/data/1639920/000162828026027951/spot-20260331x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 c2f415e841d25249cb621f85dc08acc0822c70f917c8d87cb9ef7f24edbaa7f3 - [filing-4cefcf6f72599526](https://www.sec.gov/Archives/edgar/data/1639920/000162828026052543/spot-20260630x6xk.htm) · Retrieved 2026-10-21T06:17:09.363Z · SHA-256 4cefcf6f7259952691f765ed8d4cd2e33d1d8504558f58d830d021758ccd076c - [filing-02e10dd3effbca3e](https://www.sec.gov/Archives/edgar/data/1639920/000162828026066889/spot-20260930x6xk.htm) · Retrieved 2026-10-22T21:14:08.633Z · SHA-256 02e10dd3effbca3ed6ad3ef7cacb119eade38f2397d964bd9f766e5e91bfc5ff - [filing-4caad171f08c6afd](https://www.sec.gov/Archives/edgar/data/1639920/000163992023000013/spot-20230930x6xk.htm) · Retrieved 2026-09-28T01:43:39.198Z · SHA-256 4caad171f08c6afdf73aac572c4e7af0249f8e68e208cde7bb53beacb187edf2 - [filing-195d7d2a6490b57a](https://www.sec.gov/Archives/edgar/data/1639920/000163992024000013/spot-20240930x6xk.htm) · Retrieved 2026-09-28T01:43:39.198Z · SHA-256 195d7d2a6490b57a4a5022bcc5c54ee11d517b957d875040e428ccaad3422fdc - [filing-a3da41dae19fa24d](https://www.sec.gov/Archives/edgar/data/1639920/000162828025048927/spot-20250930x6xk.htm) · Retrieved 2026-09-28T01:43:39.198Z · SHA-256 a3da41dae19fa24ddba1256744d1454005740dc86ae3a6e9728403bfff55dd5b ## Data conventions - Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise. - Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled. - FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable. - SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid. - Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts. - Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest. - Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value. - Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot. - WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.