Tencent Music Entertainment Group (TME) Current Ratio
Market Cap: $9.80B
Avg Volume: 8.16M
Industry: Internet Content & Information
Sector: Communication Services
Tencent Music Entertainment Group Current Ratio
- Annual: 2.09
- Quarterly: 2.09
- TTM: 2.09
What is the Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets. A higher current ratio indicates a greater ability to meet short-term obligations.
Related Metrics
Other important metrics to assess Tencent Music Entertainment Group's financial health include:
- Quick Ratio - measures the company's ability to meet short-term obligations with its most liquid assets:
- Annual: 2.09
- Quarterly: 2.09
- TTM: 2.09
- Cash Ratio - measures the company's ability to pay off short-term liabilities with cash and cash equivalents:
- Annual: 0.80
- Quarterly: 0.80
- TTM: 0.80
These metrics provide insights into Tencent Music Entertainment Group's financial health and its ability to meet short-term obligations. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.
Annual Current Ratio
2.09
Quarterly Current Ratio
2.09
TTM Current Ratio
2.09
Tencent Music Entertainment Group Historical Current Ratio
Historical Quick Ratio
Historical Cash Ratio
Tencent Music Entertainment Group Historical Ratios
The table below shows various financial metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Current Ratio | Quick Ratio | Cash Ratio |
|---|---|---|---|
| 2024 | 2.09 | 2.09 | 0.80 |
| 2023 | 2.49 | 2.49 | 1.13 |
| 2022 | 2.27 | 2.27 | 0.82 |
| 2021 | 2.56 | 2.56 | 0.63 |
| 2020 | 3.30 | 3.30 | 1.16 |
| 2019 | 3.17 | 3.17 | 1.82 |
| 2018 | 3.33 | 3.33 | 2.78 |
| 2017 | 2.12 | 2.11 | 1.47 |
| 2016 | 1.98 | 1.98 | 1.22 |
Related Metrics
Explore detailed financial metrics and analysis for TME.