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Tencent Music Entertainment Group (TME)
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Tencent Music Entertainment Group Balance Sheet 2024-2011 | TME
Brief overview of Tencent Music Entertainment Group's balance sheet strength
The balance sheet is assessed across five available annual reports spanning 2020 to 2024.
Assets added +32.5%, reaching 90.4 billion CNY from 68.3 billion CNY five periods earlier; annual growth near 7.3% remained solid.
Asset growth of +32.5% was close to the +33.3% change in liabilities, leaving the funding profile broadly stable.
Internal capital represents 77.1% of the balance sheet, previously 77.2%. This is a strong capital position.
Net debt moved below zero to -12.8 billion CNY, reflecting surplus cash over debt.
Cash equals 14.6% of the balance sheet, compared with 16.3% five periods ago. This is the readily available cushion.
By the end of the period, accumulated earnings were 20.1 billion CNY; the change from the start was +80.5%.
What the balance sheet shows
Tencent Music Entertainment Group's balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.
Annual Balance Sheet Tencent Music Entertainment Group
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-12.8 B | -13.2 B | -9.13 B | - | - | -15.3 B | - | - | -3.07 B | - | - | - | - | - |
Long Term Debt |
219 M | 297 M | 306 M | - | - | 78 M | - | - | - | - | - | - | - | - |
Long Term Debt Current |
106 M | 115 M | 123 M | 92 M | 103 M | 69 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
4.17 B | 6.32 B | 6.16 B | - | - | 598 M | 646 M | 325 M | 378 M | - | - | - | - | - |
Total Liabilities |
20.7 B | 18.3 B | 17.9 B | 16.2 B | 15.5 B | 9 B | 6.83 B | 3.85 B | 2.9 B | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | 5.93 B | - | - | 1.05 B | 415 M | - | - | - | - | - |
Retained Earnings |
20.1 B | 17 B | 12.1 B | - | 11.1 B | 8.13 B | 4.17 B | 1.23 B | -57 M | - | - | - | - | - |
Total Assets |
90.4 B | 75.5 B | 67 B | 67.3 B | 68.3 B | 52.7 B | 44.6 B | 30 B | 23.5 B | - | - | - | - | - |
Cash and Cash Equivalents |
13.2 B | 13.6 B | 9.56 B | 6.59 B | 11.1 B | 15.4 B | 17.4 B | 5.17 B | 3.07 B | - | - | - | - | - |
Book Value |
69.7 B | 57.2 B | 49.1 B | 51.1 B | 52.7 B | 43.7 B | 37.8 B | 26.1 B | 20.6 B | - | - | - | - | - |
Total Shareholders Equity |
69.7 B | 57.2 B | 49.1 B | - | 52.7 B | 43.7 B | 37.8 B | 26.1 B | 20.6 B | - | - | - | - | - |
Annual performance
Select metrics to display
All numbers in CNY currency
Quarterly Balance Sheet Tencent Music Entertainment Group
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
219 M | 297 M | - | - | - | - | 205 M | - | - | - | 218 M | - | 62 M | - | 78 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
4.17 B | 6.32 B | - | - | - | - | 5.75 B | - | - | - | 5.94 B | - | 614 M | - | 510 M | - | - | - | 595 M | - | - | - | 325 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
20.7 B | 18.3 B | - | - | - | - | 16.2 B | - | - | - | 15.5 B | - | 9.04 B | - | 9 B | - | - | - | 6.83 B | - | - | - | 3.85 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
20.1 B | 17 B | - | - | - | - | 14.2 B | - | - | - | 11.1 B | - | 8.83 B | - | 7.01 B | - | - | - | 3.04 B | - | - | - | 1.23 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
90.4 B | 75.5 B | - | - | - | - | 67.3 B | - | - | - | 68.3 B | - | 58.4 B | - | 52.7 B | - | - | - | 44.6 B | - | - | - | 30 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
13.2 B | 13.6 B | - | - | - | - | 6.59 B | - | - | - | 11.1 B | - | 11.8 B | - | 15.4 B | - | 19.4 B | - | 17.4 B | - | - | - | 5.17 B | - | - | - | 3.07 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
69.7 B | 57.2 B | - | - | - | - | 51.1 B | - | - | - | 52.7 B | - | 49.3 B | - | 43.7 B | - | - | - | 37.8 B | - | - | - | 26.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
69.7 B | 57.2 B | - | - | - | - | 51.1 B | - | - | - | 52.7 B | - | 49.3 B | - | 43.7 B | - | 41 B | - | 37.8 B | - | - | - | 26.1 B | - | - | - | 20.6 B | - | - | - | 456 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in CNY currency
Balance Sheet is a fundamental financial report of Tencent Music Entertainment Group, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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MMYT
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SPOT
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TNL
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TRIP
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TC
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TRVG
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