TME
Price:
$13.16
Market Cap:
$155.11B
Tencent Music Entertainment Group operates online music entertainment platforms to provide 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 and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those inter...[Read more]
Industry
Internet Content & Information
IPO Date
2018-12-12
Stock Exchange
NYSE
Ticker
TME
According to Tencent Music Entertainment Group’s latest financial reports and current stock price. The company's current Current Ratio is 2.26. This represents a change of -7.33% compared to the average of 2.44 of the last 4 quarters.
The mean historical Current Ratio of Tencent Music Entertainment Group over the last ten years is 2.65. The current 2.26 Current Ratio has changed 8.42% with respect to the historical average. Over the past ten years (40 quarters), TME's Current Ratio was at its highest in in the September 2020 quarter at 3.48. The Current Ratio was at its lowest in in the March 2017 quarter at 0.
Average
2.65
Median
2.53
Minimum
1.98
Maximum
3.33
Discovering the peaks and valleys of Tencent Music Entertainment Group Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 57.33%
Maximum Annual Current Ratio = 3.33
Minimum Annual Increase = -22.31%
Minimum Annual Current Ratio = 1.98
Year | Current Ratio | Change |
---|---|---|
2023 | 2.49 | 9.93% |
2022 | 2.27 | -11.59% |
2021 | 2.56 | -22.31% |
2020 | 3.30 | 4.10% |
2019 | 3.17 | -4.83% |
2018 | 3.33 | 57.33% |
2017 | 2.12 | 6.89% |
The current Current Ratio of Tencent Music Entertainment Group (TME) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.44
5-year avg
2.76
10-year avg
2.65
Tencent Music Entertainment Group’s Current Ratio is greater than Baidu, Inc. (2.19), less than Twilio Inc. (5.06), greater than Spotify Technology S.A. (1.71), less than Weibo Corporation (3.57), greater than JOYY Inc. (1.22), less than DouYu International Holdings Limited (3.62), less than Autohome Inc. (7.34), less than Hello Group Inc. (2.55), less than Yelp Inc. (3.46), less than Zhihu Inc. (3.51), greater than Tencent Holdings Limited (1.29), less than Snap Inc. (4.04), greater than Alphabet Inc. (1.95), less than Pinterest, Inc. (7.90),
Company | Current Ratio | Market cap |
---|---|---|
2.19 | $29.93B | |
5.06 | $16.90B | |
1.71 | $94.46B | |
3.57 | $2.56B | |
1.22 | $2.18B | |
3.62 | $393.01M | |
7.34 | $3.51B | |
2.55 | $1.19B | |
3.46 | $2.60B | |
3.51 | $322.10M | |
1.29 | $505.56B | |
4.04 | $20.95B | |
1.95 | $2.16T | |
7.90 | $22.34B |
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