Tencent Music Entertainment Group (Tencent Music Entertainment Group) Cash, Cash Equivalents, Marketable Securities : $3,297 Mil (As of Dec. 2023)

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What is Tencent Music Entertainment Group Cash, Cash Equivalents, Marketable Securities?

Tencent Music Entertainment Group's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($3,209.85 Mil) to Sep. 2023 ($3,045.26 Mil) but then increased from Sep. 2023 ($3,045.26 Mil) to Dec. 2023 ($3,296.97 Mil).

Tencent Music Entertainment Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($3,206.95 Mil) to Dec. 2022 ($2,995.40 Mil) but then increased from Dec. 2022 ($2,995.40 Mil) to Dec. 2023 ($3,296.97 Mil).

Tencent Music Entertainment Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Tencent Music Entertainment Group's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tencent Music Entertainment Group Cash, Cash Equivalents, Marketable Securities Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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3,203.73

3,979.48

3,206.95

2,995.40

3,296.97

Tencent Music Entertainment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2,995.40	2,973.63	3,209.85	3,045.26	3,296.97

Tencent Music Entertainment Group Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Tencent Music Entertainment Group (NYSE:TME) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Tencent Music Entertainment Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Tencent Music Entertainment Group (Tencent Music Entertainment Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

01698:Hong Kong 0A2Z:UK 63TA:Germany

Address

Kexing Science Park, Kejizhongsan Avenue, Unit 3, Building D, Hi-Tech Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.tencentmusic.com

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.