Spotify Technology (Spotify Technology) Interest Expense : $-100 Mil (TTM As of Mar. 2024)

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What is Spotify Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spotify Technology's interest expense for the three months ended in Mar. 2024 was $ -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-100 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Spotify Technology's Operating Income for the three months ended in Mar. 2024 was $ 183 Mil. Spotify Technology's Interest Expense for the three months ended in Mar. 2024 was $ -58 Mil. Spotify Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 3.17. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spotify Technology Interest Expense Historical Data

The historical data trend for Spotify Technology's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Spotify Technology Interest Expense Chart

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-47.78

-65.69

-57.63

-61.44

-53.44

Spotify Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-82.44	-10.83	-9.61	-21.81	-57.61

Spotify Technology Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-100 Mil.

Spotify Technology (NYSE:SPOT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spotify Technology's Interest Expense for the three months ended in Mar. 2024 was $-58 Mil. Its Operating Income for the three months ended in Mar. 2024 was $183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,916 Mil.

Spotify Technology's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	182.609	/	-57.609
	=	3.17

The higher the ratio, the stronger the company's financial strength is.

Spotify Technology (Spotify Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.