Tencent Music Entertainment Group Total Assets
Tencent Music Entertainment Group total assets. Based on the latest financial reports, Tencent Music Entertainment Group (TME) holds total assets worth $104.87 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see Tencent Music Entertainment Group (TME) total market value for the company's overall valuation and market capitalisation.
Total Assets of Tencent Music Entertainment Group (2016–2024)
Total assets of Tencent Music Entertainment Group from 2016 to 2024. This chart illustrates how Tencent Music Entertainment Group's total assets have evolved over time, based on quarterly financial data. See latest Tencent Music Entertainment Group stock price today for real-time trading data and today's change.
Tencent Music Entertainment Group - Asset Composition Analysis
Tencent Music Entertainment Group Total Assets Breakdown (December 2024)
Tencent Music Entertainment Group total assets breakdown as of December 2024. Tencent Music Entertainment Group's total assets of $104.87 Billion consist of 38.2% current assets and 61.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $854.00 Million | 14.6% |
| Accounts Receivable | $3.51 Billion | 3.9% |
| Inventory | $23.00 Million | 0.0% |
| Property, Plant & Equipment | $3.46 Billion | 3.8% |
| Intangible Assets | $4.41 Billion | 4.9% |
| Goodwill | $19.65 Billion | 21.7% |
Asset Composition Trend (2016–2024)
This chart illustrates how Tencent Music Entertainment Group's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore Tencent Music Entertainment Group working capital to net assets to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tencent Music Entertainment Group's current assets represent 38.2% of total assets in 2024, an increase from 21.2% in 2016.
- Cash Position: Cash and equivalents constituted 14.6% of total assets in 2024, up from 13.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 25.0% of total assets, a decrease from 74.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 21.7% of total assets.
Tencent Music Entertainment Group Competitors by Total Assets
Key competitors of Tencent Music Entertainment Group based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
REA Group Limited
F:R9C
|
Germany | €2.83 Billion |
|
Kakao Corp
KO:035720
|
Korea | ₩26.89 Trillion |
|
Baltic Classifieds Group PLC
LSE:BCG
|
UK | €390.95 Million |
|
Frontier Digital Ventures Ltd
AU:FDV
|
Australia | AU$145.59 Million |
|
Newretail Co Ltd
TWO:3085
|
Taiwan | NT$488.96 Million |
|
Wanted Lab Inc.
KQ:376980
|
Korea | ₩61.39 Billion |
|
REA Group Ltd
AU:REA
|
Australia | AU$2.83 Billion |
|
CAR Group Ltd
AU:CAR
|
Australia | AU$4.78 Billion |
Tencent Music Entertainment Group - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.08 | 2.26 | 3.30 |
| Quick Ratio | 2.08 | 2.26 | 3.30 |
| Cash Ratio | 0.00 | 0.67 | 0.00 |
| Working Capital | $15.57 Billion | $19.25 Billion | $22.09 Billion |
Tencent Music Entertainment Group - Advanced Valuation Insights
This section examines the relationship between Tencent Music Entertainment Group's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.04 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | 19.7% |
| Total Assets | $90.44 Billion |
| Market Capitalization | $6.72 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Tencent Music Entertainment Group's assets below their book value (0.07x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Tencent Music Entertainment Group's assets grew by 19.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Tencent Music Entertainment Group (2016–2024)
The table below shows the annual total assets of Tencent Music Entertainment Group from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $90.44 Billion | +19.74% |
| 2023-12-31 | $75.54 Billion | +12.73% |
| 2022-12-31 | $67.01 Billion | -0.36% |
| 2021-12-31 | $67.25 Billion | -1.49% |
| 2020-12-31 | $68.27 Billion | +802.65% |
| 2019-12-31 | $7.56 Billion | -83.04% |
| 2018-12-31 | $44.60 Billion | +48.68% |
| 2017-12-31 | $30.00 Billion | +27.47% |
| 2016-12-31 | $23.54 Billion | -- |
About Tencent Music Entertainment Group
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as mu… Read more