Tencent Music Entertainment Group Balance Sheet Health
Financial Health criteria checks 5/6
Tencent Music Entertainment Group has a total shareholder equity of CN¥62.9B and total debt of CN¥5.7B, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are CN¥82.4B and CN¥19.5B respectively. Tencent Music Entertainment Group's EBIT is CN¥6.2B making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥24.5B.
Key information
9.0%
Debt to equity ratio
CN¥5.67b
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥24.55b |
| Equity | CN¥62.88b |
| Total liabilities | CN¥19.53b |
| Total assets | CN¥82.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1698's short term assets (CN¥30.8B) exceed its short term liabilities (CN¥13.2B).
Long Term Liabilities: 1698's short term assets (CN¥30.8B) exceed its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 1698 has more cash than its total debt.
Reducing Debt: 1698's debt to equity ratio has increased from 0% to 9% over the past 5 years.
Debt Coverage: 1698's debt is well covered by operating cash flow (159.5%).
Interest Coverage: 1698 earns more interest than it pays, so coverage of interest payments is not a concern.