Spotify Technology SA (SPOT) — Cash Flow-to-Debt Ratio
Spotify Technology SA (SPOT) has a Cash Flow-to-Debt Ratio of 0.15x as of June 2026, meaning its operating cash flow of $816.00 Million could theoretically repay 0% of its total liabilities ($5.36 Billion) in one year. See Spotify Technology SA leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Spotify Technology SA Cash Flow-to-Debt Ratio (2015–2025)
Historical debt coverage capacity for Spotify Technology SA across 11 annual periods. For the full cash flow conversion analysis, see SPOT operating cash flow.
Annual Cash Flow-to-Debt Ratio for Spotify Technology SA (2015–2025)
Year-by-year debt coverage analysis for Spotify Technology SA. Check Spotify Technology SA cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.44x | $2.93 Billion | $6.68 Billion | ▲ +23.6% |
| 2024 | 0.36x | $2.30 Billion | $6.48 Billion | ▲ +205.2% |
| 2023 | 0.12x | $680.00 Million | $5.85 Billion | ▲ +1213.1% |
| 2022 | 0.01x | $46.00 Million | $5.19 Billion | ▼ -87.6% |
| 2021 | 0.07x | $361.00 Million | $5.05 Billion | ▼ -2.8% |
| 2020 | 0.07x | $259.00 Million | $3.52 Billion | ▼ -60.4% |
| 2019 | 0.19x | $573.00 Million | $3.08 Billion | ▲ +21.1% |
| 2018 | 0.15x | $344.00 Million | $2.24 Billion | ▲ +65.0% |
| 2017 | 0.09x | $179.00 Million | $1.93 Billion | ▲ +116.5% |
| 2016 | 0.04x | $101.00 Million | $2.35 Billion | ▲ +192.9% |
| 2015 | -0.05x | $-38.00 Million | $822.00 Million | — |