Tencent Music Entertainment Group (Tencent Music Entertainment Group) Total Liabilities : $2,568 Mil (As of Dec. 2023)

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What is Tencent Music Entertainment Group Total Liabilities?

Tencent Music Entertainment Group's Total Liabilities for the quarter that ended in Dec. 2023 was $2,568 Mil.

Tencent Music Entertainment Group's quarterly Total Liabilities declined from Jun. 2023 ($2,479.12 Mil) to Sep. 2023 ($2,437.41 Mil) but then increased from Sep. 2023 ($2,437.41 Mil) to Dec. 2023 ($2,567.72 Mil).

Tencent Music Entertainment Group's annual Total Liabilities increased from Dec. 2021 ($2,543.29 Mil) to Dec. 2022 ($2,564.94 Mil) and increased from Dec. 2022 ($2,564.94 Mil) to Dec. 2023 ($2,567.72 Mil).

Tencent Music Entertainment Group Total Liabilities Historical Data

The historical data trend for Tencent Music Entertainment Group's Total Liabilities 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 Total Liabilities Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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1,283.20

2,376.71

2,543.29

2,564.94

2,567.72

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
Total Liabilities	Get a 7-Day Free Trial															2,564.94	2,474.28	2,479.12	2,437.41	2,567.72

Tencent Music Entertainment Group Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Tencent Music Entertainment Group's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1682.586	+	(830.929	+	1.5631940186722E-13
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	54.2	+	0)
	=	2,568

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	10578.975	-	8011.26
	=	2,568

Tencent Music Entertainment Group's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1682.586	+	(830.929	+	1.5631940186722E-13
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	54.2	+	0)
	=	2,568

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	10578.975	-	8011.26
	=	2,568

Tencent Music Entertainment Group Total Liabilities Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Music Entertainment Group (NYSE:TME) » Definitions » Total Liabilities

Comparable Companies

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.