Tencent Music Entertainment Group EBIT to Interest coverage
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
| EBIT to Interest coverage | 0.0x | 0.0x | 58.3x | 72.2x | 48.6x | 22.7x | 41.1x | 48.9x |
Tencent Music Entertainment Group (TME) EBIT to Interest coverage comparison analysis
General
LTM EBIT to Interest coverage
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
TME key stats
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|
% growth | 656.9 0.0% | 1,624.9 147.4% | 2,873.4 76.8% | 3,682.3 28.1% | 4,226.8 14.8% | 4,842.4 14.6% | 4,218.7 (12.9%) | 3,921.0 (7.1%) |
| Cost of Goods Sold (COGS) | 471.3 | 1,061.1 | 1,772.0 | 2,426.6 | 2,878.1 | 3,384.9 | 2,912.7 | 2,537.1 |
% margin | 185.6 28.3% | 563.8 34.7% | 1,101.4 38.3% | 1,255.7 34.1% | 1,348.7 31.9% | 1,457.5 30.1% | 1,306.0 31.0% | 1,383.9 35.3% |
| Operating Expenses | 171.6 | 355.7 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 527.9 |
| Research & Development Expenses (R&D) | 67.6 | 117.9 | 141.8 | 167.8 | 241.7 | 362.5 | 384.1 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 172.9 | 360.2 | 601.2 | 686.8 | 808.5 | 1,036.4 | 827.2 | 709.0 |
% margin | 15.5 2.4% | 235.7 14.5% | 308.6 10.7% | 669.2 18.2% | 682.9 16.2% | 426.5 8.8% | 661.4 15.7% | 856.1 21.8% |
| Interest Income | 4.8 | 13.8 | 42.7 | 89.0 | 90.2 | 82.1 | 105.8 | 148.6 |
| Interest Expense | 0.0 | 0.0 | 5.3 | 9.3 | 14.1 | 18.8 | 16.1 | 17.5 |
| Pre-tax Income | 17.2 | 236.3 | 303.2 | 657.3 | 671.6 | 562.9 | 651.0 | 854.1 |
% effective tax rate | 4.4 25.4% | 41.1 17.4% | 25.9 8.5% | 81.5 12.4% | 66.1 9.8% | 64.6 11.5% | 79.5 12.2% | 116.6 13.6% |
% margin | 12.4 1.9% | 196.2 12.1% | 277.4 9.7% | 576.5 15.7% | 602.4 14.3% | 469.5 9.7% | 547.4 13.0% | 695.1 17.7% |
| EPS | 0.01 | 0.12 | 0.18 | 0.35 | 0.36 | 0.28 | 0.17 | 0.44 |
| Diluted EPS | 0.01 | 0.12 | 0.18 | 0.34 | 0.36 | 0.28 | 0.17 | 0.44 |
% margin | 49.6 7.5% | 292.4 18.0% | 364.3 12.7% | 751.5 20.4% | 805.4 19.1% | 736.7 15.2% | 840.8 19.9% | 1,013.5 25.8% |
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FAQ
1) What is Tencent Music Entertainment Group's EBIT to Interest coverage?
As of today, Microsoft Corp's last 12-month EBIT to Interest coverage is 56.9x, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual EBIT to Interest coverage for Tencent Music Entertainment Group have been 43.0x over the past three years, and 50.2x over the past five years.
2) Is Tencent Music Entertainment Group's EBIT to Interest coverage Good?
As of today, Tencent Music Entertainment Group's EBIT to Interest coverage is 56.9x, which is higher than industry median of (1.3x). It indicates that Tencent Music Entertainment Group's EBIT to Interest coverage is Good.