Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NetEase Cloud MusicHKSE:09899 +0.58%72 Current Ratio is 4.04 as of Dec. 2025, which is 11% above its 10-year median of 3.63. GuruFocus rates HKSE:09899 with a GF Score™ of 72/100 and a GF Value™ of HK$107.38 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 566 Interactive Media companies, NetEase Cloud Music ranks better than 73.14% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. NetEase Cloud Music's current ratio for the quarter that ended in Dec. 2025 was 4.04.
NetEase Cloud Music has a current ratio of 4.04. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for NetEase Cloud Music's Current Ratio or its related term are showing as below:
HKSE:09899'
s Current Ratio Range Over the Past 10 Years
Min: 1.95 Med: 3.63 Max: 6.82
Current: 4.04
During the past 8 years, NetEase Cloud Music's highest Current Ratio was 6.82. The lowest was 1.95. And the median was 3.63.
HKSE:09899's Current Ratio is ranked better than 73.14% of 566
companies
in the Interactive Media industry
Industry Median: 2.295
vs HKSE:09899: 4.04
NetEase Cloud Music (HKSE:09899) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
NetEase Cloud Music Current Ratio Related Terms
NetEase Cloud Music Current Ratio Historical Data
* Premium members only.
The historical data trend for NetEase Cloud Music's Current Ratio 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.
HKSE:09899 vs GOOGL, META, SPOT: Current Ratio Comparison
For the Internet Content & Information subindustry, NetEase Cloud Music's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NetEase Cloud Music Current Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Current Ratio distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music's Current Ratio falls into.
* 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.
NetEase Cloud Music (HKSE:09899) has a Current Ratio of 4.04 as of Dec. 2025. This is 11% above median its historical median of 3.63. Over the past decade, NetEase Cloud Music's Current Ratio has ranged from 1.95 to 6.82. According to the industry distribution chart, NetEase Cloud Music ranks #152 out of 566 companies in the Interactive Media industry, placing it in the top 26.9%.
Is NetEase Cloud Music's Current Ratio too high?
NetEase Cloud Music's current Current Ratio of 4.04 is 11% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 6.82. The Interactive Media industry median Current Ratio is 2.30. NetEase Cloud Music's value of 4.04 is 76% above this industry median. Based on the distribution chart, NetEase Cloud Music ranks #152 out of 566 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase Cloud Music has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's Current Ratio compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #152 out of 566 companies for Current Ratio. This puts NetEase Cloud Music in the upper half of its industry. The industry median Current Ratio is 2.30. NetEase Cloud Music's value of 4.04 is 76% above this benchmark. Historically, NetEase Cloud Music's own Current Ratio has ranged from 1.95 to 6.82 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 2.30, NetEase Cloud Music has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Interactive Media company?
The median Current Ratio among Interactive Media companies is 2.30, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetEase Cloud Music's current Current Ratio of 4.04 is 76% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median Current Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current Current Ratio is 4.04, which is 11% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$107.38, compared to a current price of HK$120.70 — trading 12.4% above its estimated fair value. The current Current Ratio is 4.04, which is 11% above median its 10-year median of 3.63 and 76% above the Interactive Media industry median of 2.30. NetEase Cloud Music's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current Current Ratio is 4.04 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetEase Cloud Music (HKSE:09899) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be overvalued.
The current stock price of HK$120.70 is trading 12.4% above its estimated GF Value™ of HK$107.38.
GuruFocus considers NetEase Cloud Music to be Modestly Overvalued.
Key valuation signals for HKSE:09899:
Current Ratio: 4.04 (11% above median its 10-year median of 3.63)
GF Value™: HK$107.38 vs. price of HK$120.70 (12.4% above fair value)
Industry Position: 76% above the Interactive Media median (#152 of 566)
No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
72GF Score
Get the complete analysis for HKSE:09899
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:09899 has been successfully added to your 
