Tencent Music Entertainment Group (Tencent Music Entertainment Group) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Tencent Music Entertainment Group Debt-to-Equity?

Tencent Music Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16 Mil. Tencent Music Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $831 Mil. Tencent Music Entertainment Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,830 Mil. Tencent Music Entertainment Group's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tencent Music Entertainment Group's Debt-to-Equity or its related term are showing as below:

TME' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.12
Current: 0.11

During the past 8 years, the highest Debt-to-Equity Ratio of Tencent Music Entertainment Group was 0.12. The lowest was 0.00. And the median was 0.11.

TME's Debt-to-Equity is ranked better than
59.29% of 425 companies
in the Interactive Media industry
Industry Median: 0.15 vs TME: 0.11

Tencent Music Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Tencent Music Entertainment Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group Debt-to-Equity Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.11

0.12

0.11

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.12	0.11	0.11	0.11

Competitive Comparison of Tencent Music Entertainment Group's Debt-to-Equity

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tencent Music Entertainment Group's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Debt-to-Equity falls into.

Tencent Music Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tencent Music Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(16.106	+	830.929)	/	7829.893
	=	0.11

Tencent Music Entertainment Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(16.106	+	830.929)	/	7829.893
	=	0.11

Tencent Music Entertainment Group (NYSE:TME) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tencent Music Entertainment Group Debt-to-Equity Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.