Tencent Music Entertainment (TME) Debt Ratio (2020 - 2026)
Tencent Music Entertainment's (TME) Debt Ratio came in at 0.11 for Q2 2026, up 240.5% from 0.03 a year earlier and up 148.0% from the prior quarter.
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Analysis
Tencent Music Entertainment (TME) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, Tencent Music Entertainment's Debt Ratio stood at 0.03, down 13.6% from FY2024.
- Annual Debt Ratio has declined for three consecutive years.
- In prior years, Tencent Music Entertainment's Debt Ratio was 0.04 in FY2024 (-47.1%), 0.07 in FY2023 (-9.7%), 0.08 in FY2022 (+9.9%) and 0.08 in FY2021 (-0.7%).
- The Q2 2026 figure stands as the highest quarterly Debt Ratio in data going back to Q4 2020.
- On a year-over-year basis, Debt Ratio increased in two of the last six quarters, with growth averaging 17.1%.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q2 2026, with growth of 240.5%; the weakest was Q2 2025, with a decline of 52.3%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.05 (Q1 2026), 0.03 (Q4 2025) and 0.03 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,174.84 Bn | 3,932.37 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,751.36 Bn | 1,453.88 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 294.53 Bn | 254.73 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 252.18 Bn | 65.95 Bn | 15.11 Bn | 0.07 |
| 5 | Shopify | 224.51 Bn | 201.70 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 141.01 Bn | 112.81 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 125.54 Bn | 58.59 Bn | - | 0.68 |
| 8 | PDD Holdings | 113.25 Bn | -130.52 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 109.29 Bn | 66.79 Bn | 1.86 Bn | - |
| 10 | Tencent Music Entertainment | 13.11 Bn | -9.62 Bn | 579.95 Mn | 0.11 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.11 |
| Mar 31, 2026 | 0.03 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.03 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.06 |
| Jun 30, 2024 | 0.07 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.07 |
| Sep 30, 2023 | 0.08 |
| Jun 30, 2023 | 0.08 |
| Mar 31, 2023 | 0.08 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.08 |
| Jun 30, 2022 | 0.08 |
| Mar 31, 2022 | 0.08 |
| Dec 31, 2021 | 0.08 |
| Sep 30, 2021 | 0.08 |
| Jun 30, 2021 | 0.08 |
| Mar 31, 2021 | 0.08 |
API Access
Tencent Music Entertainment Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();