Tencent Music Entertainment (TME) Debt Ratio (2020 - 2026)
Tencent Music Entertainment's (TME) quarterly Debt Ratio came in at 0.16 in Q2 2026, up 395.3% year-over-year from 0.03 in Q2 2025, and up 1390.08% quarter-over-quarter from 0.01 in Q1 2026.
Analysis
Tencent Music Entertainment (TME) Debt Ratio (2020 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Debt Ratio across 7 years of filings, most recently posting 0.16 for Q2 2026.
- In Q2 2026, Debt Ratio rose 395.3% year-over-year to 0.16; the TTM figure through Jun 2026 stood at 0.16 (up 395.3% YoY), while the FY2025 annual figure was 0.03, down 13.58% from the prior year.
- Debt Ratio came in at 0.16 for Q2 2026 at Tencent Music Entertainment, up from 0.01 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.16 in Q2 2026 to a low of 0.01 in Q1 2026.
- Average Debt Ratio over 5 years is 0.07, with a median of 0.07 recorded in 2023.
- The largest YoY upside for Debt Ratio was 395.3% in 2026 against a maximum downside of 69.86% in 2026.
- Over 5 years, Debt Ratio stood at 0.08 in 2022, then declined by 9.69% to 0.07 in 2023, then tumbled by 47.07% to 0.04 in 2024, then slipped by 13.63% to 0.03 in 2025, then soared by 379.27% to 0.16 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.16 in Q2 2026, 0.01 in Q1 2026, and 0.03 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn | 0.29 |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn | 0.00 |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn | 0.16 |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn | 0.04 |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn | 0.16 |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn | 0.02 |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn | - |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn | 0.32 |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn | - |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn | 0.08 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.16 |
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.03 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.04 |
| 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 | 0.09 |
| 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 |