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Tencent Music Entertainment Group Class A (1698) Ratios
Tencent Music Entertainment Group Class A Ratios
HK:1698's free cash flow for Q2 2026 was $2.86B. For the 2026 fiscal year, HK:1698's free cash flow was increased by $0.00 and operating cash flow was $2.86B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.22 | 2.09 | 2.49 | 2.27 | 2.56 |
| Quick Ratio | 2.22 | 2.09 | 2.49 | 2.27 | 2.56 |
| Cash Ratio | 0.58 | 0.80 | 1.13 | 0.82 | 0.63 |
| Solvency Ratio | 0.62 | 0.37 | 0.32 | 0.27 | 0.25 |
| Operating Cash Flow Ratio | 0.70 | 0.62 | 0.61 | 0.64 | 0.50 |
| Short-Term Operating Cash Flow Coverage | 87.67 | 4.77 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 12.99B | $ 13.83B | $ 11.60B | $ 8.68B | $ 10.59B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.04 | 0.07 | 0.08 | 0.09 | 0.08 |
| Debt-to-Equity Ratio | 0.05 | 0.09 | 0.11 | 0.12 | 0.11 |
| Debt-to-Capital Ratio | 0.05 | 0.08 | 0.10 | 0.11 | 0.10 |
| Long-Term Debt-to-Capital Ratio | 0.04 | 0.05 | 0.09 | 0.10 | 0.09 |
| Financial Leverage Ratio | 1.28 | 1.33 | 1.35 | 1.39 | 1.34 |
| Debt Service Coverage Ratio | 51.96 | 3.60 | 51.19 | 44.47 | 36.13 |
| Interest Coverage Ratio | 104.73 | 70.24 | 48.86 | 38.63 | 31.67 |
| Debt to Market Cap | 0.02 | 0.04 | 0.06 | 0.06 | 0.10 |
| Interest Debt Per Share | 1.28 | 2.00 | 1.98 | 1.90 | 1.65 |
| Net Debt to EBITDA | -0.32 | -0.72 | -1.05 | -0.64 | -0.26 |
| Profitability Margins | |||||
| Gross Profit Margin | 57.00% | 42.34% | 35.29% | 30.96% | 30.10% |
| EBIT Margin | 40.75% | 31.11% | 22.23% | 15.84% | 12.01% |
| EBITDA Margin | 45.04% | 34.56% | 25.85% | 19.93% | 15.21% |
| Operating Profit Margin | 41.06% | 30.67% | 21.83% | 15.68% | 12.16% |
| Pretax Profit Margin | 40.35% | 30.67% | 21.78% | 15.43% | 11.62% |
| Net Profit Margin | 33.60% | 23.39% | 17.73% | 12.98% | 9.69% |
| Continuous Operations Profit Margin | 34.51% | 25.03% | 18.81% | 13.55% | 10.29% |
| Net Income Per EBT | 83.27% | 76.26% | 81.39% | 84.08% | 83.40% |
| EBT Per EBIT | 98.28% | 100.02% | 99.77% | 98.42% | 95.58% |
| Return on Assets (ROA) | 10.50% | 7.35% | 6.51% | 5.49% | 4.50% |
| Return on Equity (ROE) | 13.41% | 9.79% | 8.80% | 7.64% | 6.02% |
| Return on Capital Employed (ROCE) | 14.96% | 11.79% | 9.54% | 8.04% | 6.69% |
| Return on Invested Capital (ROIC) | 12.78% | 9.33% | 8.22% | 7.04% | 5.91% |
| Return on Tangible Assets | 13.61% | 10.01% | 9.55% | 8.62% | 6.91% |
| Earnings Yield | 5.67% | 5.18% | 5.05% | 3.99% | 6.15% |
| Efficiency Ratios | |||||
| Receivables Turnover | 8.21 | 5.92 | 7.09 | 9.70 | 8.23 |
| Payables Turnover | 2.19 | 2.38 | 3.59 | 3.91 | 5.05 |
| Inventory Turnover | 336.02 | 712.00 | 2244.63 | 1397.57 | 910.00 |
| Fixed Asset Turnover | 21.53 | 25.87 | 32.38 | 39.31 | 59.40 |
| Asset Turnover | 0.31 | 0.31 | 0.37 | 0.42 | 0.46 |
| Working Capital Turnover Ratio | 1.79 | 1.58 | 1.69 | 1.82 | 1.63 |
| Cash Conversion Cycle | -120.93 | -91.14 | -50.14 | -55.33 | -27.59 |
| Days of Sales Outstanding | 44.47 | 61.68 | 51.45 | 37.65 | 44.36 |
| Days of Inventory Outstanding | 1.09 | 0.51 | 0.16 | 0.26 | 0.40 |
| Days of Payables Outstanding | 166.49 | 153.32 | 101.75 | 93.24 | 72.35 |
| Operating Cycle | 45.55 | 62.19 | 51.61 | 37.91 | 44.76 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 3.32 | 3.33 | 2.35 | 2.33 | 1.58 |
| Free Cash Flow Per Share | 3.22 | 3.00 | 1.98 | 2.01 | 0.75 |
| Dividend Paid and CapEx Coverage Ratio | 4.57 | 4.05 | 6.30 | 7.10 | 1.90 |
| Capital Expenditure Coverage Ratio | 34.24 | 9.96 | 6.30 | 7.10 | 1.90 |
| Operating Cash Flow Coverage Ratio | 2.67 | 1.70 | 1.21 | 1.25 | 0.98 |
| Operating Cash Flow to Sales Ratio | 0.32 | 0.36 | 0.26 | 0.26 | 0.17 |
| Free Cash Flow Yield | 5.20% | 7.20% | 6.33% | 6.97% | 5.03% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 17.66 | 19.35 | 19.81 | 25.08 | 16.27 |
| Price-to-Sales (P/S) Ratio | 5.93 | 4.52 | 3.51 | 3.25 | 1.58 |
| Price-to-Book (P/B) Ratio | 2.37 | 1.89 | 1.74 | 1.92 | 0.98 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 19.25 | 13.88 | 15.79 | 14.35 | 19.86 |
| Price-to-Operating Cash Flow Ratio | 18.69 | 12.49 | 13.28 | 12.33 | 9.41 |
| Price-to-Earnings Growth (PEG) Ratio | 0.28 | 0.54 | 0.53 | 0.95 | -0.60 |
| Enterprise Value Multiple | 12.85 | 12.35 | 12.54 | 15.69 | 10.11 |
| Enterprise Value | 185.42B | 121.21B | 89.92B | 88.64B | 48.05B |
| EV to EBITDA | 12.85 | 12.35 | 12.54 | 15.69 | 10.11 |
| EV to Sales | 5.79 | 4.27 | 3.24 | 3.13 | 1.54 |
| EV to Free Cash Flow | 18.77 | 13.11 | 14.57 | 13.79 | 19.37 |
| EV to Operating Cash Flow | 18.23 | 11.80 | 12.26 | 11.85 | 9.17 |
| Tangible Book Value Per Share | 19.45 | 14.81 | 10.63 | 7.74 | 8.31 |
| Shareholders’ Equity Per Share | 26.19 | 22.00 | 17.91 | 15.01 | 15.15 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.14 | 0.18 | 0.14 | 0.12 | 0.11 |
| Revenue Per Share | 10.45 | 9.21 | 8.89 | 8.84 | 9.41 |
| Net Income Per Share | 3.51 | 2.15 | 1.58 | 1.15 | 0.91 |
| Tax Burden | 0.83 | 0.76 | 0.81 | 0.84 | 0.83 |
| Interest Burden | 0.99 | 0.99 | 0.98 | 0.97 | 0.97 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.15 | 0.16 | 0.15 | 0.16 | 0.13 |
| Stock-Based Compensation to Revenue | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 0.94 | 1.18 | 1.21 | 1.71 | 1.44 |
Currency in CNY
