Spotify Retained Earnings vs Other Assets Analysis

SPOT Stock

USD 365.17 4.95 1.37%

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 Retained Earnings and its Other Assets 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.

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spotify Technology Retained Earnings account and Other Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Spotify Technology's Retained Earnings and Other Assets is -0.9. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets 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 Retained Earnings and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Spotify Technology SA are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., Spotify Technology's Retained Earnings and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Assets

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	132.1M	167.9M	154.8M	97.6M

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		0.77	0.27	1.0	0.94	0.38	0.77	0.89	0.99	-0.56	-0.95	0.97	0.89	0.95	0.92	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	0.77		-0.08	0.74	0.66	0.0	0.5	0.88	0.73	-0.26	-0.68	0.85	0.71	0.74	0.69	0.7	0.7	0.71	0.66	0.76	0.71	0.72	0.78	0.72	0.87	0.7
Other Current Liab	0.27	-0.08		0.27	0.24	0.4	0.1	0.09	0.25	0.15	-0.25	0.13	0.14	0.22	0.26	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	0.74	0.27		0.93	0.39	0.75	0.86	0.99	-0.58	-0.95	0.95	0.89	0.93	0.92	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	0.66	0.24	0.93		0.55	0.92	0.86	0.9	-0.59	-0.91	0.94	0.71	0.98	0.99	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	0.0	0.4	0.39	0.55		0.56	0.12	0.32	-0.45	-0.47	0.38	0.15	0.41	0.57	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	0.5	0.1	0.75	0.92	0.56		0.77	0.71	-0.52	-0.74	0.83	0.51	0.89	0.87	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	0.88	0.09	0.86	0.86	0.12	0.77		0.85	-0.4	-0.8	0.94	0.75	0.92	0.86	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	0.73	0.25	0.99	0.9	0.32	0.71	0.85		-0.6	-0.93	0.93	0.93	0.91	0.88	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	-0.26	0.15	-0.58	-0.59	-0.45	-0.52	-0.4	-0.6		0.62	-0.55	-0.63	-0.49	-0.62	-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	-0.68	-0.25	-0.95	-0.91	-0.47	-0.74	-0.8	-0.93	0.62		-0.9	-0.78	-0.91	-0.91	-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	0.85	0.13	0.95	0.94	0.38	0.83	0.94	0.93	-0.55	-0.9		0.84	0.95	0.94	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	0.71	0.14	0.89	0.71	0.15	0.51	0.75	0.93	-0.63	-0.78	0.84		0.72	0.72	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	0.74	0.22	0.93	0.98	0.41	0.89	0.92	0.91	-0.49	-0.91	0.95	0.72		0.96	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	0.92	0.69	0.26	0.92	0.99	0.57	0.87	0.86	0.88	-0.62	-0.91	0.94	0.72	0.96		0.95	0.54	0.79	0.81	0.83	0.89	0.62	0.6	0.97	0.8	0.98
Other Assets	0.9	0.7	0.21	0.89	0.97	0.52	0.89	0.85	0.84	-0.44	-0.9	0.91	0.61	0.97	0.95		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	0.7	0.33	0.74	0.56	0.15	0.28	0.57	0.74	-0.14	-0.71	0.65	0.68	0.63	0.54	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	0.71	0.29	0.95	0.79	0.31	0.57	0.76	0.97	-0.56	-0.88	0.88	0.95	0.79	0.79	0.73	0.77		0.98	0.92	0.89	0.89	0.92	0.89	0.86	0.86
Net Receivables	0.95	0.66	0.24	0.96	0.82	0.3	0.61	0.76	0.98	-0.64	-0.89	0.87	0.96	0.82	0.81	0.74	0.73	0.98		0.95	0.89	0.85	0.88	0.9	0.85	0.86
Good Will	0.95	0.76	0.22	0.95	0.84	0.15	0.64	0.88	0.97	-0.57	-0.86	0.9	0.94	0.87	0.83	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	0.71	0.23	0.94	0.89	0.43	0.71	0.82	0.92	-0.69	-0.98	0.91	0.83	0.88	0.89	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	0.72	0.23	0.82	0.6	0.13	0.31	0.65	0.84	-0.44	-0.84	0.73	0.83	0.64	0.62	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	0.78	0.24	0.84	0.6	-0.01	0.39	0.75	0.87	-0.33	-0.74	0.78	0.92	0.68	0.6	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	0.97	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	0.87	0.11	0.87	0.78	0.17	0.61	0.88	0.88	-0.54	-0.78	0.91	0.9	0.82	0.8	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	0.7	0.31	0.96	0.97	0.56	0.82	0.84	0.93	-0.56	-0.95	0.94	0.75	0.96	0.98	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	2.1B	2.4B	3.7B	1.7B	1.7B	1.7B
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	63.4M
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

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