Tencent Music Entertainment Group Balance Sheet Health
Financial Health criteria checks 5/6
Tencent Music Entertainment Group has a total shareholder equity of CN¥60.8B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CN¥79.2B and CN¥18.4B respectively. Tencent Music Entertainment Group's EBIT is CN¥5.5B making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥26.6B.
Key information
9.3%
Debt to equity ratio
CN¥5.65b
Debt
Interest coverage ratio | -5.6x |
Cash | CN¥26.63b |
Equity | CN¥60.76b |
Total liabilities | CN¥18.42b |
Total assets | CN¥79.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TME N's short term assets (CN¥32.5B) exceed its short term liabilities (CN¥12.2B).
Long Term Liabilities: TME N's short term assets (CN¥32.5B) exceed its long term liabilities (CN¥6.2B).
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 9.3% over the past 5 years.
Debt Coverage: TME N's debt is well covered by operating cash flow (144.7%).
Interest Coverage: TME N earns more interest than it pays, so coverage of interest payments is not a concern.