Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 3.39% is 84% below its 5-year average of 20.62%, near the low end of its 5-year range (3.39%–25.14%).
As of the fiscal period ended Tuesday, June 30, 2026. 69.45% below its 12-month average of 11.09%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
3.39%
DEBT TO ASSETS RATIO AVG TTM
11.09%
DEBT TO ASSETS RATIO AVG 3Y
18.36%
DEBT TO ASSETS RATIO AVG 5Y
20.62%
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-69.45%
CURRENT VS 3Y AVG
-81.54%
CURRENT VS 5Y AVG
-83.56%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
0.25%
median of 31 covered companies
CURRENT VS SECTOR MEDIAN
+1255.83%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$108.90B
Debt to Assets Ratio
3.39%
TTM Avg
11.09%
3Y Avg
18.36%
5Y Avg
20.62%
Market Cap
$93.06B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$70.52B
Debt to Assets Ratio
0.33%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.89B
Debt to Assets Ratio
0.40%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$181.43B
Debt to Assets Ratio
0.22%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $108.90B | 3.39% | 11.09% | 18.36% | 20.62% |
| Comcast Corporation (CMCSA)vs › | $93.06B | 0.35% | N/A | N/A | N/A |
| DoorDash, Inc. (DASH)vs › | $87.76B | 0.17% | N/A | N/A | N/A |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.52B | 0.33% | N/A | N/A | N/A |
| AT&T Inc. (T)vs › | $175.39B | 0.38% | N/A | N/A | N/A |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.89B | 0.40% | N/A | N/A | N/A |
| The Walt Disney Company (DIS)vs › | $181.43B | 0.22% | N/A | N/A | N/A |
| Reddit, Inc. (RDDT)vs › | $28.95B | 0.01% | N/A | N/A | N/A |
| Fox Corporation (FOXA)vs › | $28.48B | 0.29% | N/A | N/A | N/A |
| EchoStar Corporation (SATS)vs › | $25.07B | 0.45% | N/A | N/A | N/A |
Debt/Assets
3.4%
Debt/Equity
0.06
Current Ratio
2.11
Interest Coverage
70.9x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 3.39% |
| 2026-03-31 | 3.63% |
| 2025-12-31 | 15.48% |
| 2025-09-30 | 15.29% |
| 2025-06-30 | 17.69% |
| 2025-03-30 | 16.57% |
| 2024-12-31 | 16.67% |
| 2024-09-30 | 16.92% |
| 2024-06-30 | 17.69% |
| 2024-03-31 | 19.43% |
| 2023-12-31 | 20.32% |
| 2023-09-30 | 22.77% |
| 2023-06-30 | 23.10% |
| 2023-03-31 | 22.61% |
| 2022-12-31 | 22.04% |
| 2022-09-30 | 23.65% |
| 2022-06-30 | 23.27% |
| 2022-03-31 | 24.62% |
| 2021-12-31 | 24.84% |
| 2021-09-30 | 25.14% |
| 2021-06-30 | 23.73% |
| 2021-03-31 | 22.60% |
| 2020-12-31 | 9.12% |
| 2020-09-30 | 10.27% |
| 2020-06-30 | 11.06% |
| 2020-03-31 | 12.42% |
| 2019-12-31 | 12.14% |
| 2019-09-30 | 12.27% |
| 2019-06-30 | 10.70% |
| 2019-03-31 | 10.48% |
| 2018-12-31 | 0.00% |
| 2018-09-30 | 0.00% |
| 2018-06-30 | 0.00% |
| 2018-03-31 | 31.92% |
| 2017-12-31 | 30.42% |
