TME (Tencent Music Entertainment Group) Ending Cash Position : $1,689 Mil (As of Jun. 2024)

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What is Tencent Music Entertainment Group Ending Cash Position?

Tencent Music Entertainment Group's Ending Cash Position for the quarter that ended in Jun. 2024 was $1,689 Mil.

Tencent Music Entertainment Group's quarterly Ending Cash Position declined from Dec. 2023 ($1,900 Mil) to Mar. 2024 ($1,419 Mil) but then increased from Mar. 2024 ($1,419 Mil) to Jun. 2024 ($1,689 Mil).

Tencent Music Entertainment Group's annual Ending Cash Position increased from Dec. 2021 ($1,035 Mil) to Dec. 2022 ($1,371 Mil) and increased from Dec. 2022 ($1,371 Mil) to Dec. 2023 ($1,900 Mil).

Tencent Music Entertainment Group Ending Cash Position Historical Data

The historical data trend for Tencent Music Entertainment Group's Ending Cash Position 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 Ending Cash Position Chart

Tencent Music Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Ending Cash Position

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2,199.41

1,701.71

1,034.81

1,370.54

1,900.09

Tencent Music Entertainment Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Ending Cash Position	Get a 7-Day Free Trial															1,808.31	1,696.52	1,900.09	1,418.87	1,688.70

Tencent Music Entertainment Group Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Tencent Music Entertainment Group's Ending Cash Position for the fiscal year that ended in Dec. 2023 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	1338.198	+	561.889
	=	1,900

Tencent Music Entertainment Group's Ending Cash Position for the quarter that ended in Jun. 2024 is calculated as

Ending Cash Position	=	Beginning Cash Position	+	Net Change in Cash
	=	1408.466	+	280.232
	=	1,689

Tencent Music Entertainment Group Ending Cash Position Related Terms

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Tencent Music Entertainment Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TME:Mexico 01698:Hong Kong 63T:Germany

Address

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

Website

https://www.tencentmusic.com

Tencent Music 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.