Tencent Music Entertainment Group (63TA) — Working Capital to Net Assets Ratio
Tencent Music Entertainment Group (63TA) has a Working Capital to Net Assets ratio of 23.4% as of March 2026. Working capital of €18.05 Billion (current assets of €34.67 Billion minus current liabilities of €16.62 Billion) is measured against net assets of €77.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 63TA days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tencent Music Entertainment Group Working Capital to Net Assets (2018–2025)
This chart shows how Tencent Music Entertainment Group's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of March 2026, the ratio stands at 23.4%, reflecting working capital of €18.05 Billion against net assets of €77.13 Billion EUR. For the complete balance sheet picture, see 63TA current and non-current assets.
Annual Working Capital to Net Assets for Tencent Music Entertainment Group (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tencent Music Entertainment Group from 2018 to 2025, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Tencent Music Entertainment Group asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 21.5% | €17.87 Billion | €83.05 Billion | €32.46 Billion | €14.59 Billion | ▼ -4.3 pp |
| 2024 | 25.8% | €17.99 Billion | €69.73 Billion | €34.54 Billion | €16.55 Billion | ▼ -5.5 pp |
| 2023 | 31.3% | €17.92 Billion | €57.20 Billion | €29.94 Billion | €12.01 Billion | ▲ +1.1 pp |
| 2022 | 30.2% | €14.84 Billion | €49.13 Billion | €26.56 Billion | €11.72 Billion | ▼ -1.8 pp |
| 2021 | 32.0% | €16.34 Billion | €51.05 Billion | €26.79 Billion | €10.45 Billion | ▼ -9.9 pp |
| 2020 | 41.9% | €22.09 Billion | €52.73 Billion | €31.69 Billion | €9.60 Billion | ▼ -0.3 pp |
| 2019 | 42.2% | €18.42 Billion | €43.68 Billion | €26.91 Billion | €8.49 Billion | ▲ +3.7 pp |
| 2018 | 38.5% | €14.54 Billion | €37.77 Billion | €20.78 Billion | €6.24 Billion | — |