Tencent Music Entertainment Group (TME) — Working Capital to Net Assets Ratio
Tencent Music Entertainment Group (TME) has a Working Capital to Net Assets ratio of 18.2% as of September 2025. Working capital of $15.57 Billion (current assets of $29.92 Billion minus current liabilities of $14.35 Billion) is measured against net assets of $85.43 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tencent Music Entertainment Group (TME) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tencent Music Entertainment Group Working Capital to Net Assets (2016–2024)
This chart shows how Tencent Music Entertainment Group's Working Capital to Net Assets ratio has evolved across 9 annual periods from 2016 to 2024. As of September 2025, the ratio stands at 18.2%, reflecting working capital of $15.57 Billion against net assets of $85.43 Billion USD. Check TME goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tencent Music Entertainment Group (2016–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tencent Music Entertainment Group from 2016 to 2024, covering 9 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. For live market cap and the full company profile, see TME company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | ▼ -0.5 pp |
| 2019 | 42.4% | $2.66 Billion | $6.27 Billion | $3.89 Billion | $1.23 Billion | ▲ +3.9 pp |
| 2018 | 38.5% | $14.54 Billion | $37.77 Billion | $20.78 Billion | $6.24 Billion | ▲ +23.4 pp |
| 2017 | 15.1% | $3.94 Billion | $26.15 Billion | $7.47 Billion | $3.53 Billion | ▲ +3.1 pp |
| 2016 | 12.0% | $2.47 Billion | $20.63 Billion | $5.00 Billion | $2.52 Billion | — |