Spotify Total Liab vs Capital Surpluse Analysis
SPOT Stock | USD 302.82 4.70 1.58% |
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 Total 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 tightly coupled with the direction of predictive economic indicators such as signals in persons.
Total Liab vs Capital Surpluse
Total 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 Total Liab account and Capital Surpluse. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Spotify Technology's Total Liab and Capital Surpluse is 0.92. Overlapping area represents the amount of variation of Total 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 Total 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 Total 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 Total Liab i.e., Spotify Technology's Total Liab and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 tightly coupled 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 |
Spotify Technology fundamental ratios Correlations
Click cells to compare fundamentals
Spotify Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.63 | YY | YY Inc Class Financial Report 4th of June 2024 | PairCorr |
Moving against Spotify Stock
0.87 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
0.77 | Z | Zillow Group Class | PairCorr |
0.77 | ZG | Zillow Group | PairCorr |
0.72 | SLE | Super League Enterprise Symbol Change | PairCorr |
0.68 | ZH | Zhihu Inc ADR Earnings Call This Week | PairCorr |
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.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 tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary 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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Is Spotify Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spotify Technology. If investors know Spotify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spotify Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.569 | Earnings Share (0.66) | Revenue Per Share 70.672 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0182 |
The market value of Spotify Technology is measured differently than its book value, which is the value of Spotify that is recorded on the company's balance sheet. Investors also form their own opinion of Spotify Technology's value that differs from its market value or its book value, called intrinsic value, which is Spotify Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spotify Technology's market value can be influenced by many factors that don't directly affect Spotify Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spotify Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spotify Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spotify Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.