Tencent Music Entertainment Group (TME) quarterly balance sheet — complete assets, liabilities & equity history
Tencent Music Entertainment Group (TME) balance sheet — 10-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 39.69B | 34.54B | 32.48B | 29.92B | 30.88B | 34.18B | 34.54B | 34.53B | 30.79B | 32.54B | 29.94B | 28.08B | 28.6B | 25.84B | 26.56B | 26.07B | 4.14B | 25.26B | 26.79B | 26.11B |
| Cash & Short-Term Investments | 30.65B | 26.66B | 24.35B | 22.32B | 22.2B | 26.69B | 27.21B | 28.56B | 24.55B | 26.63B | 23.54B | 22.22B | 22.99B | 20.49B | 20.88B | 18.91B | 3.2B | 20.03B | 20.43B | 20.24B |
| Cash Only | 23.7B | 18.36B | 8.49B | 11.26B | 11B | 12.02B | 13.16B | 10.21B | 12.25B | 10.22B | 13.57B | 12.38B | 12.95B | 12.13B | 9.55B | 8.58B | 1.5B | 8.35B | 6.59B | 5.08B |
| Short-Term Investments | 6.96B | 8.3B | 15.86B | 11.06B | 11.2B | 14.67B | 14.04B | 18.35B | 12.3B | 16.41B | 9.97B | 9.84B | 10.04B | 8.36B | 11.33B | 10.33B | 1.7B | 11.68B | 13.84B | 15.16B |
| Accounts Receivable | 4.18B | 3.81B | 3.91B | 3.68B | 3.73B | 3.2B | 3.51B | 2.94B | 3.02B | 2.81B | 2.92B | 2.5B | 2.46B | 2.72B | 2.92B | 2.92B | 432.91M | 2.51B | 3.8B | 2.69B |
| Days Sales Outstanding | 40.72 | 44.25 | 45.07 | 40.28 | 37.35 | 41.04 | 39.74 | 39.08 | 37.06 | 38.49 | 36.17 | 34.74 | 32.35 | 36.27 | 36.17 | 20.92 | 19.41 | 42.74 | 39.2 | 31.15 |
| Inventory | 98M | 47.82M | 41.03M | 57M | 32M | 18M | 23M | 18M | 14M | 11M | 8M | 5M | 6M | 12M | 14M | 20M | 3.44M | 23M | 24M | 27M |
| Days Inventory Outstanding | 1.33 | 0.92 | 25.69 | 0.86 | 0.48 | 0.45 | 0.45 | 0.37 | 0.27 | 0.22 | 0.14 | 0.12 | 0.17 | 0.25 | 0.31 | 0.22 | 0.25 | 0.44 | 0.43 | 0.4 |
| Other Current Assets | 4.75B | 4.02B | 4.19B | 3.86B | 20M | 11M | 84M | 3.01B | 3.21B | 31M | 267M | 3.35B | 3.15B | 2.62B | 87M | 0 | 507.6M | 0 | 56M | 0 |
| Total Non-Current Assets | 77.26B | 64.94B | 70.11B | 74.97B | 77B | 63.91B | 55.9B | 50.09B | 51.62B | 46.63B | 45.6B | 44.88B | 43.86B | 43.27B | 40.45B | 40.69B | 5.76B | 40.74B | 40.46B | 40.29B |
| Property, Plant & Equipment | 1.86B | 1.57B | 1.49B | 1.36B | 1.27B | 1.2B | 1.1B | 1.02B | 899M | 843M | 857M | 826M | 734M | 702M | 721M | 724M | 109.5M | 515M | 526M | 523M |
| Fixed Asset Turnover | 5.21x | 5.14x | 5.44x | 6.43x | 6.84x | 6.41x | 7.06x | 7.33x | 8.22x | 7.96x | 8.19x | 8.42x | 10.15x | 9.84x | 10.28x | 17.67x | 22.11x | 12.76x | 14.50x | 15.36x |
| Goodwill | 29.76B | 20.45B | 20.53B | 20.52B | 20.46B | 19.65B | 19.65B | 19.65B | 19.65B | 19.57B | 19.54B | 19.54B | 19.54B | 19.54B | 19.49B | 19.49B | 2.91B | 19.13B | 19.12B | 19.1B |
| Intangible Assets | 8.15B | 2.76B | 2.9B | 2.94B | 5.37B | 4.37B | 4.41B | 4.38B | 4.43B | 4.44B | 4.47B | 4.59B | 4.64B | 4.75B | 4.85B | 4.99B | 410.95M | 5.23B | 4.32B | 2.76B |
| Long-Term Investments | 36.41B | 36.95B | 42.03B | 46.92B | 49.19B | 37.98B | 29.89B | 24.2B | 25.85B | 20.98B | 19.84B | 18.96B | 17.97B | 17.33B | 14.33B | 14.43B | 1.8B | 14.84B | 15.4B | 15.26B |
| Other Non-Current Assets | 1.08B | 2.68B | 2.66B | 2.68B | 263M | 312M | 425M | 454M | 419M | 437M | 540M | 580M | 642M | 599M | 709M | 659M | 468.91M | 675M | 743M | 2.3B |
| Total Assets | 116.95B | 99.48B | 102.59B | 104.87B | 107.87B | 98.08B | 90.44B | 84.61B | 82.41B | 79.18B | 75.54B | 72.96B | 72.47B | 69.11B | 67.01B | 66.75B | 9.91B | 66B | 67.25B | 66.39B |
| Asset Turnover | 0.08x | 0.08x | 0.07x | 0.08x | 0.08x | 0.08x | 0.09x | 0.08x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.10x | 0.11x | 0.19x | 0.18x | 0.10x | 0.11x | 0.12x |
| Asset Growth % | 8.41% | 1.42% | 13.43% | 23.94% | 30.91% | 23.88% | 19.74% | 15.98% | 13.72% | 14.56% | 12.73% | 9.29% | 631.6% | 4.72% | -0.36% | 0.55% | -85.45% | -3.1% | -1.49% | 3.63% |
| Total Current Liabilities | 22.75B | 16.56B | 14.6B | 14.35B | 16.5B | 18.63B | 16.55B | 15.27B | 13.18B | 12.19B | 12.01B | 11.41B | 11.44B | 10.98B | 11.72B | 12.14B | 1.78B | 11.06B | 10.45B | 9.96B |
| Accounts Payable | 6.72B | 6.15B | 6.29B | 6.62B | 6.96B | 7.3B | 6.88B | 6.52B | 6.22B | 5.49B | 5.01B | 5.05B | 5.22B | 5.32B | 5B | 4.84B | 857.15M | 5.18B | 4.33B | 4.48B |
| Days Payables Outstanding | 117.48 | 129.51 | 3.38K | 130.62 | 138.18 | 155.05 | 146.61 | 145.65 | 128.4 | 119.52 | 108.79 | 111.73 | 100.11 | 99.02 | 90.89 | 52.8 | 56.72 | 89.44 | 74.84 | 74.36 |
| Short-Term Debt | 6B | 110.58M | 116.07M | 0 | 2.15B | 2.15B | 2.15B | 2.1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.15M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 3.8B | 3.54B | 3.41B | 3.43B | 3.31B | 3.44B | 2.93B | 2.95B | 2.99B | 3.05B | 2.56B | 2.43B | 2.33B | 2.31B | 2.23B | 283.08M | 1.87B | 1.83B | 1.7B |
| Other Current Liabilities | 9.9B | 5.44B | 3.56B | 3.27B | 0 | 0 | 0 | 0 | 0 | 3.61B | 0 | 0 | 0 | 0 | 0 | 0 | 565.71M | 0 | -12M | 0 |
| Current Ratio | 1.74x | 2.09x | 2.22x | 2.08x | 1.87x | 1.83x | 2.09x | 2.26x | 2.34x | 2.67x | 2.49x | 2.46x | 2.50x | 2.35x | 2.27x | 2.15x | 2.33x | 2.28x | 2.56x | 2.62x |
| Quick Ratio | 1.74x | 2.08x | 2.22x | 2.08x | 1.87x | 1.83x | 2.09x | 2.26x | 2.34x | 2.67x | 2.49x | 2.46x | 2.50x | 2.35x | 2.27x | 2.15x | 2.33x | 2.28x | 2.56x | 2.62x |
| Cash Conversion Cycle | -75.43 | -84.34 | -3.31K | -89.49 | -100.34 | -113.56 | -106.42 | -106.21 | -91.06 | -80.8 | -72.48 | -76.87 | -67.59 | -62.5 | -54.4 | -31.66 | -37.06 | -46.26 | -35.2 | -42.81 |
| Total Non-Current Liabilities | 13.13B | 6.08B | 4.89B | 5.09B | 5B | 4.25B | 4.17B | 4.11B | 6.35B | 6.23B | 6.32B | 6.38B | 6.31B | 6.07B | 6.17B | 6.32B | 915.85M | 5.71B | 5.75B | 5.82B |
| Long-Term Debt | 10.53B | 4.53B | 3.5B | 3.53B | 3.56B | 3.57B | 3.57B | 3.48B | 5.67B | 5.65B | 5.64B | 5.71B | 5.75B | 5.46B | 5.54B | 5.64B | 796.35M | 5.04B | 5.06B | 5.15B |
| Capital Lease Obligations | 218M | 187.3M | 200.13M | 227.05M | 232M | 251M | 219M | 235M | 243M | 257M | 297M | 320M | 254M | 284M | 306M | 349M | 56.47M | 199M | 205M | 203M |
| Deferred Tax Liabilities | 1.46B | 585.8M | 504.32M | 679.15M | 616M | 227M | 198M | 234M | 267M | 174M | 239M | 206M | 147M | 193M | 211M | 219M | 37.35M | 254M | 271M | 253M |
| Other Non-Current Liabilities | 468.17M | 423.41M | 379.24M | 365.08M | 345M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 6M | 9.26M | 115M | 125M | 133M |
| Total Liabilities | 35.87B | 22.64B | 19.48B | 19.44B | 21.5B | 22.89B | 20.72B | 19.38B | 19.53B | 18.42B | 18.33B | 17.79B | 17.75B | 17.05B | 17.88B | 18.46B | 2.69B | 16.78B | 16.2B | 15.78B |
| Total Debt | 16.88B | 4.82B | 3.82B | 3.87B | 6.04B | 6.08B | 6.05B | 5.92B | 6.03B | 6B | 6.05B | 6.14B | 6.12B | 5.86B | 5.96B | 6.09B | 865.96M | 5.33B | 5.36B | 5.45B |
| Net Debt | -6.81B | -13.54B | -4.67B | -7.39B | -4.96B | -5.95B | -7.11B | -4.29B | -6.22B | -4.22B | -7.52B | -6.24B | -6.83B | -6.27B | -3.59B | -2.49B | -634.42M | -3.03B | -1.23B | 374M |
| Debt / Equity | 0.21x | 0.06x | 0.05x | 0.05x | 0.07x | 0.08x | 0.09x | 0.09x | 0.10x | 0.10x | 0.11x | 0.11x | 0.11x | 0.11x | 0.12x | 0.13x | 0.12x | 0.11x | 0.10x | 0.11x |
| Debt / EBITDA | 5.01x | 2.00x | 1.03x | 1.34x | 1.91x | 1.21x | 2.34x | 2.55x | 2.54x | 2.81x | 3.19x | 4.17x | 3.48x | 3.66x | 3.71x | 4.21x | 0.83x | 5.69x | 6.17x | 5.07x |
| Net Debt / EBITDA | -2.02x | -5.62x | -1.27x | -2.56x | -1.57x | -1.19x | -2.75x | -1.84x | -2.62x | -1.97x | -3.97x | -4.23x | -3.88x | -3.92x | -2.23x | -1.72x | -0.61x | -3.24x | -1.42x | 0.35x |
| Interest Coverage | - | 57.39x | 62.96x | 551.34x | 249.50x | 86.76x | 74.14x | 19.02x | 72.85x | 56.03x | 42.08x | 42.11x | 30.33x | 33.65x | 25.84x | 44.79x | 45.17x | 19.97x | 14.33x | 26.27x |
| Total Equity | 81.07B | 76.84B | 83.1B | 85.43B | 86.38B | 75.2B | 69.73B | 65.23B | 62.88B | 60.76B | 57.2B | 55.17B | 54.71B | 52.06B | 49.13B | 48.29B | 7.21B | 49.22B | 51.05B | 50.62B |
| Equity Growth % | -6.14% | 2.18% | 19.18% | 30.97% | 37.37% | 23.77% | 21.89% | 18.24% | 14.93% | 16.7% | 16.44% | 14.23% | 658.68% | 5.77% | -3.78% | -4.59% | -86.23% | -6.68% | -3.18% | 2.37% |
| Book Value per Share | 52.11 | 49.39 | 53.46 | 54.79 | 55.67 | 48.63 | 44.81 | 41.62 | 40.07 | 38.91 | 36.37 | 34.77 | 34.53 | 32.90 | 30.94 | 30.12 | 4.44 | 29.81 | 30.86 | 30.33 |
| Total Shareholders' Equity | 78.27B | 74.06B | 80.34B | 82.75B | 83.88B | 73.24B | 67.86B | 63.48B | 61.21B | 59.32B | 55.91B | 53.93B | 53.58B | 50.98B | 48.1B | 47.22B | 7.06B | 48.43B | 50.32B | 49.95B |
| Common Stock | 2M | 1.99M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 298.76K | 2M | 2M | 2M |
| Retained Earnings | 31.12B | 28.54B | 29.4B | 27.19B | 25.04B | 22.64B | 20.05B | 18.11B | 16.52B | 18.39B | 16.97B | 15.67B | 14.5B | 13.2B | 12.05B | 10.97B | 2.34B | 14.8B | 14.19B | 13.66B |
| Treasury Stock | -3.39B | -1.48B | -1.47B | -664M | -939M | -1.01B | -550M | -7.54B | -7.07B | -7.2B | -7B | -6.54B | -5.99B | -6.09B | -6.35B | -5.45B | -720.61M | -3.66B | -3.66B | -3.36B |
| Accumulated OCI | 15.61B | 17.09B | 0 | 27.12B | 30.86B | 22.97B | 19.84B | 16.73B | 15.46B | 11.89B | 9.66B | 8.51B | 8.79B | 7.65B | 6.14B | 5.4B | 3.29M | 1.29B | 3.73B | 3.59B |
| Minority Interest | 2.8B | 2.78B | 2.76B | 2.68B | 2.5B | 1.96B | 1.86B | 1.74B | 1.67B | 1.44B | 1.29B | 1.23B | 1.14B | 1.08B | 1.03B | 1.07B | 155.06M | 789M | 738M | 662M |