Tencent Net Debt vs Net Tangible Assets Analysis

TME Stock

USD 11.19 0.34 2.95%

Tencent Music financial indicator trend analysis is much more than just breaking down Tencent Music Entert prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tencent Music Entert is a good investment. Please check the relationship between Tencent Music Net Debt and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tencent Music Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tencent Music Entert Net Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Tencent Music's Net Debt and Net Tangible Assets is -0.43. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Tencent Music Entertainment, assuming nothing else is changed. The correlation between historical values of Tencent Music's Net Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Tencent Music Entertainment are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Tencent Music's Net Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Tencent Music's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tencent Music Entert current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tencent Music Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At present, Tencent Music's Enterprise Value is projected to decrease significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Net Interest Income	409M	603M	928M	470.7M
Tax Provision	417M	534M	825M	450.0M

Net Interest Income Tax Provision

Tencent Music fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets
Total Assets		0.91	0.88	0.99	1.0	0.4	0.97	0.94	0.95	-0.3	0.98	0.97	0.74	0.97	0.91	0.69	0.97	0.97	0.93	-0.42	-0.2	0.93	0.91	0.98	0.02	0.89
Short Long Term Debt Total	0.91		0.77	0.9	0.88	0.2	0.82	0.94	0.82	0.08	0.94	0.95	0.43	0.97	0.71	0.69	0.79	0.9	0.88	-0.35	-0.13	0.92	1.0	0.82	-0.22	0.94
Other Current Liab	0.88	0.77		0.92	0.87	0.28	0.87	0.82	0.81	-0.32	0.83	0.88	0.69	0.82	0.81	0.63	0.89	0.84	0.84	-0.24	-0.15	0.85	0.77	0.86	0.08	0.73
Total Current Liabilities	0.99	0.9	0.92		0.98	0.33	0.95	0.95	0.96	-0.3	0.98	0.98	0.73	0.97	0.89	0.72	0.95	0.96	0.95	-0.4	-0.2	0.91	0.9	0.97	0.01	0.87
Total Stockholder Equity	1.0	0.88	0.87	0.98		0.45	0.99	0.91	0.95	-0.37	0.96	0.94	0.78	0.95	0.93	0.67	0.98	0.97	0.92	-0.42	-0.21	0.91	0.88	0.98	0.07	0.86
Other Liab	0.4	0.2	0.28	0.33	0.45		0.53	0.11	0.27	-0.57	0.27	0.22	0.61	0.24	0.68	-0.02	0.54	0.37	0.26	-0.16	-0.2	0.34	0.21	0.45	0.42	0.24
Net Tangible Assets	0.97	0.82	0.87	0.95	0.99	0.53		0.84	0.9	-0.43	0.92	0.89	0.81	0.89	0.95	0.55	0.99	0.94	0.84	-0.33	-0.14	0.91	0.82	0.96	0.18	0.79
Property Plant And Equipment Net	0.94	0.94	0.82	0.95	0.91	0.11	0.84		0.93	-0.11	0.97	0.98	0.58	0.97	0.76	0.81	0.84	0.9	0.93	-0.44	-0.2	0.87	0.94	0.89	-0.23	0.91
Current Deferred Revenue	0.95	0.82	0.81	0.96	0.95	0.27	0.9	0.93		-0.41	0.94	0.93	0.79	0.93	0.86	0.77	0.91	0.9	0.92	-0.48	-0.27	0.78	0.82	0.97	0.05	0.82
Net Debt	-0.3	0.08	-0.32	-0.3	-0.37	-0.57	-0.43	-0.11	-0.41		-0.16	-0.13	-0.86	-0.11	-0.6	-0.14	-0.49	-0.19	-0.2	0.17	0.22	-0.04	0.08	-0.48	-0.55	0.03
Retained Earnings	0.98	0.94	0.83	0.98	0.96	0.27	0.92	0.97	0.94	-0.16		0.98	0.63	0.99	0.83	0.7	0.9	0.98	0.93	-0.42	-0.16	0.93	0.94	0.94	-0.08	0.91
Accounts Payable	0.97	0.95	0.88	0.98	0.94	0.22	0.89	0.98	0.93	-0.13	0.98		0.61	0.99	0.81	0.76	0.89	0.95	0.95	-0.4	-0.19	0.92	0.95	0.92	-0.12	0.91
Cash	0.74	0.43	0.69	0.73	0.78	0.61	0.81	0.58	0.79	-0.86	0.63	0.61		0.59	0.91	0.48	0.85	0.63	0.63	-0.34	-0.27	0.5	0.43	0.85	0.38	0.45
Non Current Assets Total	0.97	0.97	0.82	0.97	0.95	0.24	0.89	0.97	0.93	-0.11	0.99	0.99	0.59		0.8	0.75	0.88	0.96	0.95	-0.45	-0.22	0.91	0.96	0.92	-0.11	0.94
Non Currrent Assets Other	0.91	0.71	0.81	0.89	0.93	0.68	0.95	0.76	0.86	-0.6	0.83	0.81	0.91	0.8		0.54	0.97	0.84	0.78	-0.35	-0.22	0.79	0.72	0.94	0.2	0.7
Other Assets	0.69	0.69	0.63	0.72	0.67	-0.02	0.55	0.81	0.77	-0.14	0.7	0.76	0.48	0.75	0.54		0.59	0.61	0.85	-0.79	-0.68	0.54	0.68	0.69	-0.46	0.83
Cash And Short Term Investments	0.97	0.79	0.89	0.95	0.98	0.54	0.99	0.84	0.91	-0.49	0.9	0.89	0.85	0.88	0.97	0.59		0.92	0.85	-0.35	-0.18	0.88	0.8	0.97	0.16	0.77
Net Receivables	0.97	0.9	0.84	0.96	0.97	0.37	0.94	0.9	0.9	-0.19	0.98	0.95	0.63	0.96	0.84	0.61	0.92		0.92	-0.37	-0.14	0.95	0.91	0.93	0.05	0.87
Good Will	0.93	0.88	0.84	0.95	0.92	0.26	0.84	0.93	0.92	-0.2	0.93	0.95	0.63	0.95	0.78	0.85	0.85	0.92		-0.59	-0.44	0.83	0.88	0.91	-0.11	0.93
Common Stock Total Equity	-0.42	-0.35	-0.24	-0.4	-0.42	-0.16	-0.33	-0.44	-0.48	0.17	-0.42	-0.4	-0.34	-0.45	-0.35	-0.79	-0.35	-0.37	-0.59		0.91	-0.28	-0.35	-0.43	0.47	-0.64
Common Stock Shares Outstanding	-0.2	-0.13	-0.15	-0.2	-0.21	-0.2	-0.14	-0.2	-0.27	0.22	-0.16	-0.19	-0.27	-0.22	-0.22	-0.68	-0.18	-0.14	-0.44	0.91		-0.04	-0.13	-0.24	0.35	-0.44
Short Term Investments	0.93	0.92	0.85	0.91	0.91	0.34	0.91	0.87	0.78	-0.04	0.93	0.92	0.5	0.91	0.79	0.54	0.88	0.95	0.83	-0.28	-0.04		0.93	0.83	-0.08	0.87
Non Current Liabilities Total	0.91	1.0	0.77	0.9	0.88	0.21	0.82	0.94	0.82	0.08	0.94	0.95	0.43	0.96	0.72	0.68	0.8	0.91	0.88	-0.35	-0.13	0.93		0.82	-0.22	0.94
Capital Surpluse	0.98	0.82	0.86	0.97	0.98	0.45	0.96	0.89	0.97	-0.48	0.94	0.92	0.85	0.92	0.94	0.69	0.97	0.93	0.91	-0.43	-0.24	0.83	0.82		0.14	0.81
Inventory	0.02	-0.22	0.08	0.01	0.07	0.42	0.18	-0.23	0.05	-0.55	-0.08	-0.12	0.38	-0.11	0.2	-0.46	0.16	0.05	-0.11	0.47	0.35	-0.08	-0.22	0.14		-0.34
Other Current Assets	0.89	0.94	0.73	0.87	0.86	0.24	0.79	0.91	0.82	0.03	0.91	0.91	0.45	0.94	0.7	0.83	0.77	0.87	0.93	-0.64	-0.44	0.87	0.94	0.81	-0.34

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Tencent Music Account Relationship Matchups

Tencent Music fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.7B	68.3B	67.3B	67.0B	75.5B	59.0B
Short Long Term Debt Total	147M	5.5B	5.4B	6.0B	6.0B	3.3B
Other Current Liab	4.2B	3.8B	3.7B	6.1B	3.1B	3.5B
Total Current Liabilities	8.5B	9.6B	10.5B	11.7B	12.0B	8.9B
Total Stockholder Equity	43.6B	52.2B	50.3B	48.1B	55.9B	46.0B
Other Liab	432M	547M	482M	323M	371.5M	484.3M
Net Tangible Assets	24.8B	32.7B	26.9B	23.8B	27.3B	21.7B
Property Plant And Equipment Net	327M	487M	526M	721M	857M	456.6M
Current Deferred Revenue	1.7B	1.6B	1.8B	2.2B	3.1B	1.8B
Net Debt	(15.3B)	(5.6B)	(1.2B)	(3.6B)	(7.5B)	(7.9B)
Retained Earnings	7.0B	11.1B	14.2B	12.1B	17.0B	9.0B
Accounts Payable	2.6B	3.6B	4.3B	5.0B	5.0B	3.3B
Cash	15.4B	11.1B	6.6B	9.6B	13.6B	11.3B
Non Current Assets Total	25.8B	36.6B	40.5B	40.5B	45.6B	34.9B
Non Currrent Assets Other	816M	956M	743M	709M	892M	755.3M
Other Assets	1.0B	1.3B	1.1B	7.6B	8.7B	9.2B
Cash And Short Term Investments	22.5B	26.0B	20.4B	20.9B	23.5B	19.2B
Net Receivables	2.2B	2.8B	3.6B	2.7B	3.1B	2.5B
Good Will	17.1B	17.5B	19.1B	19.5B	19.5B	19.5B
Common Stock Shares Outstanding	1.7B	1.7B	1.7B	1.6B	1.6B	1.3B
Short Term Investments	7.0B	14.9B	13.8B	11.3B	10.0B	7.9B
Long Term Debt Total	78M	5.4B	5.3B	5.8B	6.7B	7.1B
Liabilities And Stockholders Equity	52.7B	68.3B	67.3B	67.0B	75.5B	59.0B
Non Current Liabilities Total	510M	5.9B	5.7B	6.2B	6.3B	3.6B
Capital Surpluse	34.4B	35.0B	36.2B	36.5B	41.9B	34.6B
Capital Lease Obligations	147M	321M	297M	429M	412M	220.8M
Inventory	35M	26M	18M	24M	8M	7.6M
Other Current Assets	85M	2.7B	2.5B	2.7B	3.3B	3.5B
Other Stockholder Equity	34.4B	34.8B	32.4B	29.9B	29.3B	32.8B
Total Liab	9B	15.5B	16.2B	17.9B	18.3B	12.4B
Long Term Investments	5.7B	15.3B	15.4B	14.3B	19.8B	10.8B
Property Plant And Equipment Gross	327M	487M	526M	721M	1.3B	1.4B
Total Current Assets	26.9B	31.7B	26.8B	26.6B	29.9B	24.1B
Accumulated Other Comprehensive Income	2.2B	6.3B	3.7B	6.1B	9.7B	10.1B
Cash And Equivalents	9.8B	6.5B	20M	9.6B	11.0B	11.5B
Short Term Debt	69M	103M	92M	123M	115M	114.3M
Intangible Assets	1.6B	2.0B	4.3B	4.8B	4.5B	3.1B
Property Plant Equipment	327M	487M	526M	3.2B	3.7B	3.9B

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When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:

How To Invest In Tencent

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Is Tencent Stock a good investment?

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What is Tencent Music's Net Worth?

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Largest Movies & Entertainment Companies

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Largest Internet Content & Information Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tencent Music Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tencent Music. If investors know Tencent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tencent Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.351

Earnings Share

0.49

Revenue Per Share

18.009

Quarterly Revenue Growth

0.068

Return On Assets

0.0543

The market value of Tencent Music Entert is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Music's value that differs from its market value or its book value, called intrinsic value, which is Tencent Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tencent Music's market value can be influenced by many factors that don't directly affect Tencent Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tencent Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tencent Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tencent Net Debt vs Net Tangible Assets Analysis

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Debt

Net Tangible Assets

Tencent Music fundamental ratios Correlations

Tencent Music Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tencent Music fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Net Tangible Assets
Non Current Assets Total	+ 0.99	Retained Earnings

Cash	- 0.86	Net Debt
Common Stock Total Equity	- 0.79	Other Assets
Common Stock Shares Outstanding	- 0.68	Other Assets
Other Current Assets	- 0.64	Common Stock Total Equity
Non Currrent Assets Other	- 0.6	Net Debt
Common Stock Total Equity	- 0.59	Good Will