Spotify Technology SA (SPOT) — Working Capital to Net Assets Ratio
Spotify Technology SA (SPOT) has a Working Capital to Net Assets ratio of 65.1% as of June 2026. Working capital of $5.46 Billion (current assets of $10.38 Billion minus current liabilities of $4.91 Billion) is measured against net assets of $8.38 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Spotify Technology SA (SPOT) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Spotify Technology SA Working Capital to Net Assets (2015–2025)
This chart shows how Spotify Technology SA's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at 65.1%, reflecting working capital of $5.46 Billion against net assets of $8.38 Billion USD. For the complete balance sheet picture, see Spotify Technology SA balance sheet assets.
Annual Working Capital to Net Assets for Spotify Technology SA (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Spotify Technology SA from 2015 to 2025, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check asset resilience ratio of Spotify Technology SA to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 52.9% | $4.41 Billion | $8.33 Billion | $10.49 Billion | $6.08 Billion | ▼ -18.2 pp |
| 2024 | 71.1% | $3.93 Billion | $5.52 Billion | $8.38 Billion | $4.45 Billion | ▲ +24.7 pp |
| 2023 | 46.4% | $1.17 Billion | $2.53 Billion | $5.28 Billion | $4.11 Billion | ▲ +11.6 pp |
| 2022 | 34.8% | $829.11 Million | $2.38 Billion | $4.32 Billion | $3.49 Billion | ▼ -19.3 pp |
| 2021 | 54.1% | $1.15 Billion | $2.12 Billion | $4.37 Billion | $3.23 Billion | ▲ +73.1 pp |
| 2020 | -19.0% | $-534.00 Million | $2.81 Billion | $2.37 Billion | $2.90 Billion | ▼ -8.8 pp |
| 2019 | -10.2% | $-208.00 Million | $2.04 Billion | $2.23 Billion | $2.44 Billion | ▼ -14.9 pp |
| 2018 | 4.7% | $99.00 Million | $2.09 Billion | $2.25 Billion | $2.15 Billion | ▲ +1.5 pp |
| 2017 | 3.2% | $38.00 Million | $1.18 Billion | $1.90 Billion | $1.86 Billion | ▲ +290.3 pp |
| 2016 | -287.1% | $692.49 Million | $-241.22 Million | $1.92 Billion | $1.23 Billion | ▼ -319.0 pp |
| 2015 | 31.9% | $73.00 Million | $229.00 Million | $871.00 Million | $798.00 Million | — |