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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Effective Interest Rate on Debt % : 1.98% (As of Mar. 2024)


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What is Tencent Music Entertainment Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Tencent Music Entertainment Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $17 Mil. Tencent Music Entertainment Group's average total debt for the quarter that ended in Mar. 2024 was $840 Mil. Therefore, Tencent Music Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.98%.

Tencent Music Entertainment Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Tencent Music Entertainment Group's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

Tencent Music Entertainment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 46.26 3.51 2.24 1.94 2.04

Tencent Music Entertainment Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.31 2.75 2.26 0.86 1.98

Competitive Comparison of Tencent Music Entertainment Group's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Tencent Music Entertainment Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Music Entertainment Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tencent Music Entertainment Group's Effective Interest Rate on Debt % falls into.


Tencent Music Entertainment Group Effective Interest Rate on Debt % Calculation

Tencent Music Entertainment Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -17.366/( (855.602+847.035)/ 2 )
=-1  *  -17.366/851.3185
=2.04 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=837.959 + 17.643
=855.602

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=830.929 + 16.106
=847.035

Tencent Music Entertainment Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -16.664/( (847.035+833.298)/ 2 )
=-1  *  -16.664/840.1665
=1.98 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=830.929 + 16.106
=847.035

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=819.829 + 13.469
=833.298

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tencent Music Entertainment Group  (NYSE:TME) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Tencent Music Entertainment Group Effective Interest Rate on Debt % 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 » Effective Interest Rate on Debt %
Comparable Companies
MTCH TWLO SNAP ZG PINS IAC ATHM WB YELP YY GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
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.