NetEase Cloud Music (HKSE:09899) Total Liabilities : HK$3,380 Mil (As of Jun. 2024)

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What is NetEase Cloud Music Total Liabilities?

NetEase Cloud Music's Total Liabilities for the quarter that ended in Jun. 2024 was HK$3,380 Mil.

NetEase Cloud Music's quarterly Total Liabilities increased from Jun. 2023 (HK$2,993.03 Mil) to Dec. 2023 (HK$3,466.90 Mil) but then declined from Dec. 2023 (HK$3,466.90 Mil) to Jun. 2024 (HK$3,379.55 Mil).

NetEase Cloud Music's annual Total Liabilities increased from Dec. 2021 (HK$2,456.24 Mil) to Dec. 2022 (HK$3,429.80 Mil) and increased from Dec. 2022 (HK$3,429.80 Mil) to Dec. 2023 (HK$3,466.90 Mil).

NetEase Cloud Music Total Liabilities Historical Data

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.

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NetEase Cloud Music Total Liabilities Chart

NetEase Cloud Music Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Liabilities

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15,842.32

2,456.24

3,429.80

3,466.90

3,630.87

NetEase Cloud Music Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Liabilities	Get a 7-Day Free Trial							3,429.80	2,993.03	3,466.90	3,379.55	3,630.87

NetEase Cloud Music 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.

NetEase Cloud Music'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
	=	3390.443	+	(3.673	+	72.779
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	3,467

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	12699.376	-	9232.48
	=	3,467

NetEase Cloud Music's Total Liabilities for the quarter that ended in Jun. 2024 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	3289.605	+	(5.723	+	84.223
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	3,380

Total Liabilities	=	Total Assets (Q: Jun. 2024 )	-	Total Equity (Q: Jun. 2024 )
	=	13401.57	-	10022.019
	=	3,380

NetEase Cloud Music Total Liabilities 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 » Total Liabilities

Comparable Companies

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. It was founded in 2013 by NetEase, which currently holds around 58% of its equity stake and 90% of voting power. The business model of Cloud Music resembles that of its main competitor Tencent Music, as both provide music streaming services to their users plus social entertainment features such as livestreaming.

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

NetEase Cloud Music Headlines

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