Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.06 is 90% below its 5-year average of 0.55, near the low end of its 5-year range (0.06–0.84).
As of the fiscal period ended Tuesday, June 30, 2026. 73.34% below its 12-month average of 0.21.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.06
DEBT TO EQUITY RATIO AVG TTM
0.21
DEBT TO EQUITY RATIO AVG 3Y
0.41
DEBT TO EQUITY RATIO AVG 5Y
0.55
DEBT TO EQUITY RATIO AVG 10Y
0.37
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-73.34%
CURRENT VS 3Y AVG
-86.58%
CURRENT VS 5Y AVG
-89.85%
CURRENT VS 10Y AVG
-84.79%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
0.45
median of 30 covered companies
CURRENT VS SECTOR MEDIAN
-87.79%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$108.68B
Debt to Equity Ratio
0.06
TTM Avg
0.21
3Y Avg
0.41
5Y Avg
0.55
Market Cap
$93.44B
Debt to Equity Ratio
1.01
TTM Avg
1.15
3Y Avg
1.21
5Y Avg
1.19
Market Cap
$70.50B
Debt to Equity Ratio
0.98
TTM Avg
1.03
3Y Avg
1.02
5Y Avg
1.14
Market Cap
$39.67B
Debt to Equity Ratio
137.04
TTM Avg
46.83
3Y Avg
46.83
5Y Avg
46.83
Market Cap
$182.49B
Debt to Equity Ratio
0.42
TTM Avg
0.45
3Y Avg
0.49
5Y Avg
0.56
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $108.68B | 0.06 | 0.21 | 0.41 | 0.55 |
| Comcast Corporation (CMCSA)vs › | $93.44B | 1.01 | 1.15 | 1.21 | 1.19 |
| DoorDash, Inc. (DASH)vs › | $87.34B | 0.33 | 0.20 | 0.14 | 0.13 |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.50B | 0.98 | 1.03 | 1.02 | 1.14 |
| AT&T Inc. (T)vs › | $175.49B | 1.47 | 1.46 | 1.50 | 1.38 |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.67B | 137.04 | 46.83 | 46.83 | 46.83 |
| The Walt Disney Company (DIS)vs › | $182.49B | 0.42 | 0.45 | 0.49 | 0.56 |
| Reddit, Inc. (RDDT)vs › | $28.76B | 0.01 | 0.01 | 0.01 | 0.02 |
| Fox Corporation (FOXA)vs › | $28.60B | 0.57 | 0.59 | 0.68 | 0.70 |
| EchoStar Corporation (SATS)vs › | $25.07B | 1.24 | 3.43 | 2.34 | 1.76 |
Debt/Equity
0.06
Current Ratio
2.11
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 0.06 |
| 2026-03-31 | 0.06 |
| 2025-12-31 | 0.28 |
| 2025-09-30 | 0.29 |
| 2025-06-30 | 0.36 |
| 2025-03-30 | 0.34 |
| 2024-12-31 | 0.36 |
| 2024-09-30 | 0.39 |
| 2024-06-30 | 0.42 |
| 2024-03-31 | 0.53 |
| 2023-12-31 | 0.67 |
| 2023-09-30 | 0.81 |
| 2023-06-30 | 0.82 |
| 2023-03-31 | 0.73 |
| 2022-12-31 | 0.70 |
| 2022-09-30 | 0.81 |
| 2022-06-30 | 0.75 |
| 2022-03-31 | 0.81 |
| 2021-12-31 | 0.84 |
| 2021-09-30 | 0.83 |
| 2021-06-30 | 0.66 |
| 2021-03-31 | 0.56 |
| 2020-12-31 | 0.21 |
| 2020-09-30 | 0.24 |
| 2020-06-30 | 0.29 |
| 2020-03-31 | 0.31 |
| 2019-12-31 | 0.31 |
| 2019-09-30 | 0.32 |
| 2019-06-30 | 0.28 |
| 2019-03-31 | 0.24 |
| 2018-12-31 | 0.00 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | 0.00 |
| 2018-03-31 | 6.35 |
| 2017-12-31 | 3.97 |
| 2017-09-30 | 0.00 |
| 2017-06-30 | 0.00 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | 0.00 |
| 2016-09-30 | 0.00 |
| 2016-06-30 | 0.00 |
| 2016-03-31 | 0.00 |
