Tencent Music Entertainment Group

NYSE:TME Stock Report

Market Cap: US$17.3b

Tencent Music Entertainment Group Balance Sheet Health

Financial Health criteria checks 5/6

Tencent Music Entertainment Group has a total shareholder equity of CN¥57.2B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are CN¥75.5B and CN¥18.3B respectively. Tencent Music Entertainment Group's EBIT is CN¥5.0B making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥23.5B.

Key information

9.9%

Debt to equity ratio

CN¥5.64b

Debt

Interest coverage ratio-5.5x
CashCN¥23.54b
EquityCN¥57.20b
Total liabilitiesCN¥18.33b
Total assetsCN¥75.54b

Recent financial health updates

Recent updates

Tencent Music Entertainment Group (NYSE:TME) Analysts Are Pretty Bullish On The Stock After Recent Results

Mar 22
Tencent Music Entertainment Group (NYSE:TME) Analysts Are Pretty Bullish On The Stock After Recent Results

Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities

Mar 06

Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Mar 01
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Some Investors May Be Worried About Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Feb 15
Some Investors May Be Worried About Tencent Music Entertainment Group's (NYSE:TME) Returns On Capital

Tencent Music Entertainment: Consider Music Business Growth And Shareholder Return

Jan 11

Tencent Music: Turnaround, Interrupted

Oct 26

Tencent Music: Post-Earnings Stock Price Outperformance Isn't Sustainable

Aug 18

Tencent Music: It's Time To Tune In

Jul 25

Tencent Music Entertainment: Staying On The Sidelines

Jun 12

Tencent Music Entertainment: Change Takes Time

Jan 31

Tencent Music Entertainment Non-GAAP EPADS of $0.12 beats by $0.02, revenue of $1.04B beats by $49.33M

Nov 15

Tencent Music Entertainment: No Surprises Expected

Oct 31

Tencent Music successfully lists on Hong Kong stock exchange

Sep 21

Tencent Music gains on report it may list in Hong Kong as soon as next week

Sep 14

Tencent Music Entertainment partners with Billboard to promote high-quality Chinese music

Aug 31

Tencent Music Entertainment: Earnings Beat Overshadowed By Mixed Outlook

Aug 19

Tencent Music Entertainment Q2 2022 Earnings Preview

Aug 12

Shrinking Tencent Music Looks For Sustainable Business Model

May 18

Tencent Music Entertainment: Monopoly Trading At A Deeply Discounted Valuation

Apr 06

What Is Tencent Music Entertainment Group's (NYSE:TME) Share Price Doing?

Feb 03
What Is Tencent Music Entertainment Group's (NYSE:TME) Share Price Doing?

Tencent Music: A Misunderstood, Underappreciated And Undervalued Business

Jan 23

Tencent Music Entertainment Group (NYSE:TME) Has A Rock Solid Balance Sheet

Jan 19
Tencent Music Entertainment Group (NYSE:TME) Has A Rock Solid Balance Sheet

Is Tencent Music Entertainment Group (NYSE:TME) Trading At A 49% Discount?

Nov 30
Is Tencent Music Entertainment Group (NYSE:TME) Trading At A 49% Discount?

Returns Are Gaining Momentum At Tencent Music Entertainment Group (NYSE:TME)

Nov 15
Returns Are Gaining Momentum At Tencent Music Entertainment Group (NYSE:TME)

At US$8.18, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Oct 29
At US$8.18, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Is Tencent Music Entertainment Group (NYSE:TME) A Risky Investment?

Oct 11
Is Tencent Music Entertainment Group (NYSE:TME) A Risky Investment?

Tencent Music: Another China Regulations Play

Aug 25

Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)

Aug 16
Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)

Should You Investigate Tencent Music Entertainment Group (NYSE:TME) At US$10.52?

Jul 29
Should You Investigate Tencent Music Entertainment Group (NYSE:TME) At US$10.52?

Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Jul 11
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?

Tencent Music Entertainment Group: A Tempting Investment Opportunity

Jun 14

Is Now The Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watchlist?

Jun 08
Is Now The Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watchlist?

Tencent Music Entertainment Group (NYSE:TME) Is Experiencing Growth In Returns On Capital

May 08
Tencent Music Entertainment Group (NYSE:TME) Is Experiencing Growth In Returns On Capital

Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Apr 07
Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

At US$30.87, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Mar 23
At US$30.87, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?

Here's Why I Think Tencent Music Entertainment Group (NYSE:TME) Might Deserve Your Attention Today

Mar 08
Here's Why I Think Tencent Music Entertainment Group (NYSE:TME) Might Deserve Your Attention Today

Investors Who Bought Tencent Music Entertainment Group (NYSE:TME) Shares A Year Ago Are Now Up 104%

Feb 23
Investors Who Bought Tencent Music Entertainment Group (NYSE:TME) Shares A Year Ago Are Now Up 104%

Financial Position Analysis

Short Term Liabilities: TME's short term assets (CN¥29.9B) exceed its short term liabilities (CN¥12.0B).

Long Term Liabilities: TME's short term assets (CN¥29.9B) exceed its long term liabilities (CN¥6.3B).


Debt to Equity History and Analysis

Debt Level: TME has more cash than its total debt.

Reducing Debt: TME's debt to equity ratio has increased from 0% to 9.9% over the past 5 years.

Debt Coverage: TME's debt is well covered by operating cash flow (130.2%).

Interest Coverage: TME earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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