Spotify Other Liab vs Capital Surpluse Analysis

SPOT Stock

USD 308.21 11.30 3.54%

Spotify Technology financial indicator trend analysis is much more than just breaking down Spotify Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spotify Technology is a good investment. Please check the relationship between Spotify Technology Other Liab and its Capital Surpluse accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spotify Technology SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Other Liab vs Capital Surpluse

Other Liab vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spotify Technology Other Liab account and Capital Surpluse. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Spotify Technology's Other Liab and Capital Surpluse is 0.48. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Spotify Technology SA, assuming nothing else is changed. The correlation between historical values of Spotify Technology's Other Liab and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Spotify Technology SA are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Other Liab i.e., Spotify Technology's Other Liab and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Liab

Capital Surpluse

Most indicators from Spotify Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spotify Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spotify Technology SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, whereas Tax Provision is likely to drop slightly above 26 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	91M	58M	49M	46.6M
Depreciation And Amortization	127M	375M	158M	135.2M

Interest Expense Depreciation And Amortization

Spotify Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity
Total Assets		0.83	0.27	1.0	0.94	0.38	0.77	0.89	0.99	-0.56	-0.95	0.97	0.89	0.95	0.96	0.9	0.74	0.94	0.95	0.95	0.94	0.81	0.84	0.98	0.89	0.96
Short Long Term Debt Total	0.83		0.22	0.82	0.58	-0.04	0.37	0.75	0.85	-0.31	-0.72	0.77	0.92	0.66	0.67	0.55	0.8	0.91	0.87	0.87	0.75	0.89	1.0	0.72	0.85	0.66
Other Current Liab	0.27	0.22		0.27	0.24	0.4	0.1	0.09	0.25	0.15	-0.25	0.13	0.14	0.22	0.31	0.21	0.33	0.29	0.24	0.22	0.23	0.23	0.24	0.25	0.11	0.31
Total Current Liabilities	1.0	0.82	0.27		0.93	0.39	0.75	0.86	0.99	-0.58	-0.95	0.95	0.89	0.93	0.95	0.89	0.74	0.95	0.96	0.95	0.94	0.82	0.84	0.98	0.87	0.96
Total Stockholder Equity	0.94	0.58	0.24	0.93		0.55	0.92	0.86	0.9	-0.59	-0.91	0.94	0.71	0.98	0.98	0.97	0.56	0.79	0.82	0.84	0.89	0.6	0.6	0.98	0.78	0.97
Other Liab	0.38	-0.04	0.4	0.39	0.55		0.56	0.12	0.32	-0.45	-0.47	0.38	0.15	0.41	0.54	0.52	0.15	0.31	0.3	0.15	0.43	0.13	-0.01	0.48	0.17	0.56
Net Tangible Assets	0.77	0.37	0.1	0.75	0.92	0.56		0.77	0.71	-0.52	-0.74	0.83	0.51	0.89	0.86	0.89	0.28	0.57	0.61	0.64	0.71	0.31	0.39	0.86	0.61	0.82
Property Plant And Equipment Net	0.89	0.75	0.09	0.86	0.86	0.12	0.77		0.85	-0.4	-0.8	0.94	0.75	0.92	0.88	0.85	0.57	0.76	0.76	0.88	0.82	0.65	0.75	0.88	0.88	0.84
Current Deferred Revenue	0.99	0.85	0.25	0.99	0.9	0.32	0.71	0.85		-0.6	-0.93	0.93	0.93	0.91	0.92	0.84	0.74	0.97	0.98	0.97	0.92	0.84	0.87	0.95	0.88	0.93
Net Debt	-0.56	-0.31	0.15	-0.58	-0.59	-0.45	-0.52	-0.4	-0.6		0.62	-0.55	-0.63	-0.49	-0.53	-0.44	-0.14	-0.56	-0.64	-0.57	-0.69	-0.44	-0.33	-0.58	-0.54	-0.56
Retained Earnings	-0.95	-0.72	-0.25	-0.95	-0.91	-0.47	-0.74	-0.8	-0.93	0.62		-0.9	-0.78	-0.91	-0.94	-0.9	-0.71	-0.88	-0.89	-0.86	-0.98	-0.84	-0.74	-0.93	-0.78	-0.95
Accounts Payable	0.97	0.77	0.13	0.95	0.94	0.38	0.83	0.94	0.93	-0.55	-0.9		0.84	0.95	0.96	0.91	0.65	0.88	0.87	0.9	0.91	0.73	0.78	0.97	0.91	0.94
Cash	0.89	0.92	0.14	0.89	0.71	0.15	0.51	0.75	0.93	-0.63	-0.78	0.84		0.72	0.74	0.61	0.68	0.95	0.96	0.94	0.83	0.83	0.92	0.81	0.9	0.75
Non Current Assets Total	0.95	0.66	0.22	0.93	0.98	0.41	0.89	0.92	0.91	-0.49	-0.91	0.95	0.72		0.97	0.97	0.63	0.79	0.82	0.87	0.88	0.64	0.68	0.97	0.82	0.96
Non Currrent Assets Other	0.96	0.67	0.31	0.95	0.98	0.54	0.86	0.88	0.92	-0.53	-0.94	0.96	0.74	0.97		0.97	0.65	0.84	0.84	0.85	0.92	0.7	0.69	0.99	0.81	0.99
Other Assets	0.9	0.55	0.21	0.89	0.97	0.52	0.89	0.85	0.84	-0.44	-0.9	0.91	0.61	0.97	0.97		0.6	0.73	0.74	0.76	0.84	0.59	0.57	0.95	0.7	0.96
Long Term Debt	0.74	0.8	0.33	0.74	0.56	0.15	0.28	0.57	0.74	-0.14	-0.71	0.65	0.68	0.63	0.65	0.6		0.77	0.73	0.73	0.68	0.84	0.8	0.63	0.72	0.66
Cash And Short Term Investments	0.94	0.91	0.29	0.95	0.79	0.31	0.57	0.76	0.97	-0.56	-0.88	0.88	0.95	0.79	0.84	0.73	0.77		0.98	0.92	0.89	0.89	0.92	0.89	0.86	0.86
Net Receivables	0.95	0.87	0.24	0.96	0.82	0.3	0.61	0.76	0.98	-0.64	-0.89	0.87	0.96	0.82	0.84	0.74	0.73	0.98		0.95	0.89	0.85	0.88	0.9	0.85	0.86
Good Will	0.95	0.87	0.22	0.95	0.84	0.15	0.64	0.88	0.97	-0.57	-0.86	0.9	0.94	0.87	0.85	0.76	0.73	0.92	0.95		0.88	0.8	0.88	0.89	0.93	0.85
Common Stock Shares Outstanding	0.94	0.75	0.23	0.94	0.89	0.43	0.71	0.82	0.92	-0.69	-0.98	0.91	0.83	0.88	0.92	0.84	0.68	0.89	0.89	0.88		0.85	0.77	0.91	0.85	0.92
Long Term Debt Total	0.81	0.89	0.23	0.82	0.6	0.13	0.31	0.65	0.84	-0.44	-0.84	0.73	0.83	0.64	0.7	0.59	0.84	0.89	0.85	0.8	0.85		0.9	0.71	0.76	0.72
Non Current Liabilities Total	0.84	1.0	0.24	0.84	0.6	-0.01	0.39	0.75	0.87	-0.33	-0.74	0.78	0.92	0.68	0.69	0.57	0.8	0.92	0.88	0.88	0.77	0.9		0.73	0.86	0.68
Capital Surpluse	0.98	0.72	0.25	0.98	0.98	0.48	0.86	0.88	0.95	-0.58	-0.93	0.97	0.81	0.97	0.99	0.95	0.63	0.89	0.9	0.89	0.91	0.71	0.73		0.83	0.99
Other Current Assets	0.89	0.85	0.11	0.87	0.78	0.17	0.61	0.88	0.88	-0.54	-0.78	0.91	0.9	0.82	0.81	0.7	0.72	0.86	0.85	0.93	0.85	0.76	0.86	0.83		0.79
Other Stockholder Equity	0.96	0.66	0.31	0.96	0.97	0.56	0.82	0.84	0.93	-0.56	-0.95	0.94	0.75	0.96	0.99	0.96	0.66	0.86	0.86	0.85	0.92	0.72	0.68	0.99	0.79

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Spotify Technology Account Relationship Matchups

Spotify Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1B	6.3B	7.2B	7.6B	8.3B	5.5B
Short Long Term Debt Total	622M	577M	1.8B	1.7B	1.7B	914.6M
Other Current Liab	111M	105M	89M	2.4B	42M	39.9M
Total Current Liabilities	2.4B	2.9B	3.2B	3.5B	4.1B	2.7B
Total Stockholder Equity	2.0B	2.8B	2.1B	2.4B	2.5B	1.9B
Other Liab	93M	24M	44M	36M	41.4M	47.4M
Net Tangible Assets	1.5B	2.0B	1.1B	1.1B	1.3B	1.1B
Property Plant And Equipment Net	780M	757M	809M	765M	547M	500.4M
Current Deferred Revenue	319M	380M	458M	520M	622M	368.4M
Net Debt	(443M)	(574M)	(963M)	(800M)	(1.4B)	(1.3B)
Retained Earnings	(2.7B)	(3.3B)	(3.2B)	(3.6B)	(4.2B)	(4.4B)
Accounts Payable	549M	638M	793M	588M	662M	508.1M
Cash	1.1B	1.2B	2.7B	2.5B	3.1B	1.6B
Non Current Assets Total	2.9B	4.0B	2.8B	3.3B	3.1B	2.4B
Non Currrent Assets Other	65M	69M	78M	77M	75M	66M
Other Assets	104M	126M	90M	86M	98.9M	85.8M
Cash And Short Term Investments	1.8B	1.7B	3.5B	3.4B	4.2B	2.5B
Net Receivables	406M	468M	626M	695M	878M	536.3M
Good Will	478M	736M	894M	1.2B	1.1B	590.6M
Common Stock Shares Outstanding	181.0M	187.6M	193.9M	195.8M	194.7M	201.4M
Short Term Investments	692M	596M	756M	867M	1.1B	829.6M
Long Term Debt Total	622M	577M	1.8B	1.7B	1.9B	2.0B
Liabilities And Stockholders Equity	5.1B	6.3B	7.2B	7.6B	8.3B	5.5B
Non Current Liabilities Total	646M	621M	1.8B	1.7B	1.7B	959.2M
Capital Surpluse	4.2B	4.6B	4.7B	4.8B	5.5B	3.6B
Capital Lease Obligations	622M	577M	579M	555M	493M	346.3M
Other Current Assets	68M	151M	246M	187M	159M	112.8M
Other Stockholder Equity	3.8B	4.4B	4.5B	4.5B	4.9B	3.8B
Total Liab	3.1B	3.5B	5.1B	5.2B	5.8B	3.7B
Deferred Long Term Liab	26M	33M	31M	19M	21.9M	19.8M
Long Term Investments	1.5B	2.3B	916M	1.1B	1.2B	1.2B
Property Plant And Equipment Gross	780M	757M	809M	1.2B	1.2B	637.8M
Total Current Assets	2.2B	2.4B	4.4B	4.4B	5.3B	3.1B
Accumulated Other Comprehensive Income	924M	1.7B	853M	1.5B	1.8B	984.6M
Short Term Debt	1.5B	1.8B	1.9B	0.0	2.8B	2.9B
Intangible Assets	58M	97M	89M	127M	84M	64.2M
Property Plant Equipment	780M	757M	809M	765M	879.8M	487.7M
Cash And Equivalents	1.1B	1.2B	2.7B	2.5B	2.9B	1.5B

Pair Trading with Spotify Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spotify Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spotify Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spotify Stock

0.61	BZ	Kanzhun Ltd ADR	Pair Corr
0.79	OB	Outbrain	Pair Corr
0.76	TC	TuanChe ADR	Pair Corr

Moving against Spotify Stock

0.86	CCG	Cheche Group Report 25th of September 2024	Pair Corr
0.72	Z	Zillow Group Class Sell-off Trend	Pair Corr
0.71	ZH	Zhihu Inc ADR	Pair Corr
0.7	SLE	Super League Enterprise Symbol Change	Pair Corr
0.46	GENI	Genius Sports	Pair Corr

The ability to find closely correlated positions to Spotify Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spotify Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spotify Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spotify Technology SA to buy it.

The correlation of Spotify Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spotify Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spotify Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spotify Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Spotify Stock Analysis

When running Spotify Technology's price analysis, check to measure Spotify Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spotify Technology is operating at the current time. Most of Spotify Technology's value examination focuses on studying past and present price action to predict the probability of Spotify Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spotify Technology's price. Additionally, you may evaluate how the addition of Spotify Technology to your portfolios can decrease your overall portfolio volatility.

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