Tencent Music Entertainment Group Balance Sheet Health
Financial Health criteria checks 5/6
Tencent Music Entertainment Group has a total shareholder equity of CN¥69.7B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥90.4B and CN¥20.7B respectively. Tencent Music Entertainment Group's EBIT is CN¥7.5B making its interest coverage ratio -6.8. It has cash and short-term investments of CN¥27.2B.
Key information
5.1%
Debt to equity ratio
CN¥3.57b
Debt
| Interest coverage ratio | -6.8x |
| Cash | CN¥27.21b |
| Equity | CN¥69.73b |
| Total liabilities | CN¥20.72b |
| Total assets | CN¥90.44b |
Recent financial health updates
Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?
Jan 25
Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt
Jul 01Recent updates
An Intrinsic Calculation For Tencent Music Entertainment Group (NYSE:TME) Suggests It's 24% Undervalued
Apr 10Tencent Music: Seizing Opportunities In Music Business Amid Hurdles
Mar 24Market Participants Recognise Tencent Music Entertainment Group's (NYSE:TME) Earnings Pushing Shares 30% Higher
Feb 15Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)
Feb 12Tencent Music: Caveats To The Recent Momentum
Feb 03Does Tencent Music Entertainment Group (NYSE:TME) Have A Healthy Balance Sheet?
Jan 25Tencent Music Entertainment Group (NYSE:TME) Shares Could Be 43% Below Their Intrinsic Value Estimate
Jan 07
Innovative Content And Calculated Partnerships Unlock Sustainable Revenue Growth Ahead
Nov 24 Expansion of SVIP memberships and exclusive content offerings could boost ARPPU and subscription revenue growth.Tencent Music: Singing To Its Strengths While Social Entertainment Hits A Sour Note
Nov 21Tencent Music Entertainment Group: ARPPU Challenge Overshadows Subscriber Growth
Nov 13We Like These Underlying Return On Capital Trends At Tencent Music Entertainment Group (NYSE:TME)
Nov 01Many Things To Like About Tencent Music Entertainment
Oct 11Investors Appear Satisfied With Tencent Music Entertainment Group's (NYSE:TME) Prospects As Shares Rocket 30%
Oct 11Is There An Opportunity With Tencent Music Entertainment Group's (NYSE:TME) 47% Undervaluation?
Sep 28Tencent Music Entertainment Group's (NYSE:TME) 25% Cheaper Price Remains In Tune With Earnings
Aug 20Tencent Music Entertainment Group: Positive Fundamental Trends But Richly Valued
Jul 31Tencent Music Entertainment Group (NYSE:TME) Might Have The Makings Of A Multi-Bagger
Jul 21Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt
Jul 01Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)
May 24Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)
May 06Tencent Music Entertainment's Foreseeable Path To Prosperity With Structural Opportunities
Mar 06Tencent Music Entertainment: Consider Music Business Growth And Shareholder Return
Jan 11Tencent Music: Turnaround, Interrupted
Oct 26Tencent Music: Post-Earnings Stock Price Outperformance Isn't Sustainable
Aug 18Tencent Music: It's Time To Tune In
Jul 25Tencent Music Entertainment: Staying On The Sidelines
Jun 12Tencent Music Entertainment: Change Takes Time
Jan 31Tencent Music Entertainment Non-GAAP EPADS of $0.12 beats by $0.02, revenue of $1.04B beats by $49.33M
Nov 15Tencent Music Entertainment: No Surprises Expected
Oct 31Tencent Music successfully lists on Hong Kong stock exchange
Sep 21Tencent Music gains on report it may list in Hong Kong as soon as next week
Sep 14Tencent Music Entertainment partners with Billboard to promote high-quality Chinese music
Aug 31Tencent Music Entertainment: Earnings Beat Overshadowed By Mixed Outlook
Aug 19Tencent Music Entertainment Q2 2022 Earnings Preview
Aug 12Financial Position Analysis
Short Term Liabilities: TME's short term assets (CN¥34.5B) exceed its short term liabilities (CN¥16.6B).
Long Term Liabilities: TME's short term assets (CN¥34.5B) exceed its long term liabilities (CN¥4.2B).
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 5.1% over the past 5 years.
Debt Coverage: TME's debt is well covered by operating cash flow (287.7%).
Interest Coverage: TME earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/22 04:43 |
| End of Day Share Price | 2025/04/22 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tencent Music Entertainment Group is covered by 61 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Jiong Shao | Barclays |
| Yanfang Jiang | Benchmark Company |