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NetEase Cloud Music's Total Liabilities for the quarter that ended in Dec. 2025 was HK$3,968 Mil.
NetEase Cloud Music's quarterly Total Liabilities
declined
from Dec. 2024 (HK$3,630.87 Mil) to Jun. 2025 (HK$3,465.88 Mil) but then
increased
from Jun. 2025 (HK$3,465.88 Mil) to Dec. 2025 (HK$3,968.23 Mil).
NetEase Cloud Music's annual Total Liabilities
increased
from Dec. 2023 (HK$3,466.90 Mil) to Dec. 2024 (HK$3,630.87 Mil) and
increased
from Dec. 2024 (HK$3,630.87 Mil) to Dec. 2025 (HK$3,968.23 Mil).
NetEase Cloud Music Total Liabilities Related Terms
NetEase Cloud Music Total Liabilities Historical Data
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The historical data trend for NetEase Cloud Music'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.
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.
NetEase Cloud Music's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Total Liabilities of HK$3,968 Mil mean?
NetEase Cloud Music (HKSE:09899) has a Total Liabilities of HK$3,968 Mil as of Dec. 2025. The total amount of liabilities as recorded on a company's balance sheet. View historical data for NetEase Cloud Music and its competitors.
Is NetEase Cloud Music's Total Liabilities too high?
NetEase Cloud Music's current Total Liabilities is HK$3,968 Mil. 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 Total Liabilities compare to GOOGL and META?
NetEase Cloud Music's Total Liabilities of HK$3,968 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for an Interactive Media company?
A good Total Liabilities depends on the Interactive Media industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for NetEase Cloud Music and its competitors. NetEase Cloud Music's current Total Liabilities is HK$3,968 Mil. 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$108.09, compared to a current price of HK$131.10 — trading 21.3% above its estimated fair value. The current Total Liabilities is HK$3,968 Mil. 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 Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current Total Liabilities is HK$3,968 Mil 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$131.10 is trading 21.3% above its estimated GF Value™ of HK$108.09.
GuruFocus considers NetEase Cloud Music to be Modestly Overvalued.
Key valuation signals for HKSE:09899:
Total Liabilities: HK$3,968 Mil
GF Value™: HK$108.09 vs. price of HK$131.10 (21.3% above fair value)
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
Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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