Tencent Music Entertainment Group (63TA) — Tangible Net Worth Ratio
Tencent Music Entertainment Group (63TA) has a Tangible Net Worth Ratio of 93.8% as of December 2025. This metric is calculated by deducting intangible assets (€5.19 Billion) from net assets (€83.05 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See 63TA total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tencent Music Entertainment Group Tangible Net Worth Ratio (2018–2025)
This chart shows how Tencent Music Entertainment Group's Tangible Net Worth Ratio has changed across 8 annual periods from 2018 to 2025. As of December 2025, the ratio stands at 93.8%, reflecting net assets of €83.05 Billion with intangible assets of €5.19 Billion EUR. Also explore 63TA net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Tencent Music Entertainment Group (2018–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tencent Music Entertainment Group from 2018 to 2025, covering 8 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of Tencent Music Entertainment Group.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 93.8% | €83.05 Billion | €5.19 Billion | €102.52 Billion | ▲ +0.1 pp |
| 2024 | 93.7% | €69.73 Billion | €4.41 Billion | €90.44 Billion | ▲ +1.5 pp |
| 2023 | 92.2% | €57.20 Billion | €4.47 Billion | €75.54 Billion | ▲ +2.1 pp |
| 2022 | 90.1% | €49.13 Billion | €4.85 Billion | €67.01 Billion | ▼ -1.4 pp |
| 2021 | 91.5% | €51.05 Billion | €4.32 Billion | €67.25 Billion | ▼ -4.6 pp |
| 2020 | 96.2% | €52.73 Billion | €2.02 Billion | €68.27 Billion | ▼ -0.1 pp |
| 2019 | 96.3% | €43.68 Billion | €1.62 Billion | €52.68 Billion | ▲ +1.0 pp |
| 2018 | 95.3% | €37.77 Billion | €1.76 Billion | €44.60 Billion | — |