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NetEase Cloud Music (HKSE:09899) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)


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What is NetEase Cloud Music LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. NetEase Cloud Music's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

NetEase Cloud Music's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

NetEase Cloud Music LT-Debt-to-Total-Asset Historical Data

The historical data trend for NetEase Cloud Music's LT-Debt-to-Total-Asset 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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NetEase Cloud Music LT-Debt-to-Total-Asset Chart

NetEase Cloud Music Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
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NetEase Cloud Music Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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NetEase Cloud Music LT-Debt-to-Total-Asset Calculation

NetEase Cloud Music's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=3.673/12699.376
=0.00

NetEase Cloud Music's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=5.723/13401.57
=0.00

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

NetEase Cloud Music LT-Debt-to-Total-Asset Related Terms

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NetEase Cloud Music Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Cloud Music Inc (HKSE:09899) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:00772 HKSE:01357 HKSE:01896 HKSE:03700 HKSE:01980 HKSE:02008 HKSE:00543 HKSE:00150 HKSE:03601 HKSE:01739 GOOGL META HKSE:00700 SPOT XAMS:PRX TSE:6098 DASH JSE:NPN BIDU HKSE:01024
Traded in Other Exchanges
N/A
Address
No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Website
http://ir.music.163.com
Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music's equity stake and controls 90% of its voting power. The platform's business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.
Executives
Ding William Lei
Netease, Inc.
Shining Globe Holding Limited
Tmf (cayman) Ltd.
Alibaba Group Holding Limited 2201 Interest of corporation controlled by you
Taobao China Holding Limited 2101 Beneficial owner
Taobao Holding Limited 2201 Interest of corporation controlled by you
Shining Globe International Limited 2201 Interest of corporation controlled by you
Gic Private Limited 2501 Other
Gic (ventures) Pte. Ltd. 2201 Interest of corporation controlled by you
Gic Special Investments Private Limited 2102 Investment manager

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