Tencent Music Entertainment Group Balance Sheet Health
Financial Health criteria checks 5/6
Tencent Music Entertainment Group has a total shareholder equity of CN¥65.2B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥84.6B and CN¥19.4B respectively. Tencent Music Entertainment Group's EBIT is CN¥6.8B making its interest coverage ratio -6.8. It has cash and short-term investments of CN¥28.6B.
Key information
5.3%
Debt to equity ratio
CN¥3.48b
Debt
| Interest coverage ratio | -6.8x |
| Cash | CN¥28.56b |
| Equity | CN¥65.23b |
| Total liabilities | CN¥19.38b |
| Total assets | CN¥84.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TME N's short term assets (CN¥34.5B) exceed its short term liabilities (CN¥15.3B).
Long Term Liabilities: TME N's short term assets (CN¥34.5B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: TME N has more cash than its total debt.
Reducing Debt: TME N's debt to equity ratio has increased from 0% to 5.3% over the past 5 years.
Debt Coverage: TME N's debt is well covered by operating cash flow (280.7%).
Interest Coverage: TME N earns more interest than it pays, so coverage of interest payments is not a concern.