Tencent Music Entertainment Group

NYSE:TME Stock Report

Market Cap: US$17.5b

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
CashCN¥28.56b
EquityCN¥65.23b
Total liabilitiesCN¥19.38b
Total assetsCN¥84.61b

Recent financial health updates

Recent updates

Tencent Music Entertainment Group: ARPPU Challenge Overshadows Subscriber Growth

Nov 13

We Like These Underlying Return On Capital Trends At Tencent Music Entertainment Group (NYSE:TME)

Nov 01
We Like These Underlying Return On Capital Trends At Tencent Music Entertainment Group (NYSE:TME)

Many Things To Like About Tencent Music Entertainment

Oct 11

Investors Appear Satisfied With Tencent Music Entertainment Group's (NYSE:TME) Prospects As Shares Rocket 30%

Oct 11
Investors Appear Satisfied With Tencent Music Entertainment Group's (NYSE:TME) Prospects As Shares Rocket 30%

Is There An Opportunity With Tencent Music Entertainment Group's (NYSE:TME) 47% Undervaluation?

Sep 28
Is There An Opportunity With Tencent Music Entertainment Group's (NYSE:TME) 47% Undervaluation?

Tencent Music Entertainment Group's (NYSE:TME) 25% Cheaper Price Remains In Tune With Earnings

Aug 20
Tencent Music Entertainment Group's (NYSE:TME) 25% Cheaper Price Remains In Tune With Earnings

Tencent Music Entertainment Group: Positive Fundamental Trends But Richly Valued

Jul 31

Tencent Music Entertainment Group (NYSE:TME) Might Have The Makings Of A Multi-Bagger

Jul 21
Tencent Music Entertainment Group (NYSE:TME) Might Have The Makings Of A Multi-Bagger

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

Jul 01
Tencent Music Entertainment Group (NYSE:TME) Could Easily Take On More Debt

Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

May 24
Calculating The Intrinsic Value Of Tencent Music Entertainment Group (NYSE:TME)

Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)

May 06
Earnings Tell The Story For Tencent Music Entertainment Group (NYSE:TME)

Should You Think About Buying Tencent Music Entertainment Group (NYSE:TME) Now?

Apr 06
Should You Think About Buying Tencent Music Entertainment Group (NYSE:TME) Now?

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)

Financial Position Analysis

Short Term Liabilities: TME's short term assets (CN¥34.5B) exceed its short term liabilities (CN¥15.3B).

Long Term Liabilities: TME's short term assets (CN¥34.5B) exceed its long term liabilities (CN¥4.1B).


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 5.3% over the past 5 years.

Debt Coverage: TME's debt is well covered by operating cash flow (280.7%).

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


Balance Sheet


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