Value Sense
TME

Tencent Music Entertainment Group (TME)

Last Price$14.412.1%
Market Cap$11.4B
LTM Quick ratio
2.1x
5Y avg
2.4x
Internet Content & Information industry median
1.7x
Stock quality & Intrinsic value
7/10
1.2% undervalued
TME
is 123.7% undervalued
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Tencent Music Entertainment Group Quick ratio

Annual
Quarterly
LTM
Industry median
Company stand-alone
TME
Communication Services
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Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Quick ratio
1.6x
1.8x
3.0x
2.9x
3.0x
2.3x
2.0x
2.2x
TME
Key metrics and insights to make informed decisions.
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Tencent Music Entertainment Group (TME) Quick ratio comparison analysis

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TME key stats

USD
CNY
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
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FAQ

1) What is Tencent Music Entertainment Group's Quick ratio?

As of today, Microsoft Corp's last 12-month Quick ratio is 2.1x, based on the financial report for Sep 30, 2024 (Q3 2024). The average annual Quick ratio for Tencent Music Entertainment Group have been 2.2x over the past three years, and 2.5x over the past five years.

2) Is Tencent Music Entertainment Group's Quick ratio Good?

As of today, Tencent Music Entertainment Group's Quick ratio is 2.1x, which is higher than industry median of 1.7x. It indicates that Tencent Music Entertainment Group's Quick ratio is Good.

3) How does Tencent Music Entertainment Group's Quick ratio compare to its peers?

As of today, Tencent Music Entertainment Group's Quick ratio is 2.1x, which is lower than peer median of 2.6x. The list of peers includes RDDT, PINS, SNAP, TWLO, META, Z, SPOT, BIDU, GOOG, DASH.