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Tencent Music Entertainment Group  (TME)
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Tencent Music Entertainment Group's Quick Ratio

TME's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth




TME Quick Ratio (Dec 31 2020)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2019)
IV. Quarter
Y / Y Current Liabilities Change 13.1 % 13.1 % 13.1 % 13.1 % 36.1 %
Y / Y Cash & cash equivalent Change -27.86 % -27.86 % -27.86 % -27.86 % -11.12 %
Quick Ratio MRQ 1.16 1.16 1.16 1.16 1.82
Overall Ranking # # # # #
Seq. Current Liabilities Change 0 % 0 % 0 % 13.1 % 0 %
Seq. Cash & cash equivalent Change 0 % 0 % 0 % -27.86 % 0 %



Quick Ratio forth quarter 2020 Comment
Despite sequential decrease in Current Liabilities, Quick Ratio detoriated to 1.16 below company average Quick Ratio.

Within Broadcasting Media & Cable TV industry 11 other companies have achieved higher Quick Ratio than Tencent Music Entertainment Group in forth quarter 2020. While total ranking remained unchanged compare to previous quarter at no. .

Explain Quick Ratio?
What are TME Segments?
See Quick Ratio TME on the trailing twelve month basis
Quick Ratio forth quarter 2020 Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 12
Services Sector # 181
Overall Market # 1799


Quick Ratio Statistics
High Average Low
2.78 1.92 1.16
(Dec 31 2018)   (Dec 31 2020)




Financial Statements
Tencent Music Entertainment Group's Current Liabilities $ 1,426 Millions Visit TME's Balance sheet
Tencent Music Entertainment Group's Cash & cash equivalent $ 1,653 Millions Visit TME's Balance sheet
Source of TME's Sales Visit TME's Sales by Geography




Companies with similar Quick Ratio in the quarter endingDec 31 2020, within Broadcasting Media & Cable TV Industry Quick RatioDec 31 2020 MRQ Cash & cash equivalentDec 31 2020 MRQ Current Liabilities
Hemisphere Media Group Inc   3.15 $ 134.471  Millions$ 42.657  Millions
Cable One Inc   2.87 $ 574.909  Millions$ 200.531  Millions
Cumulus Media Inc  2.11 $ 271.761  Millions$ 129.036  Millions
Roku Inc   2.10 $ 1,092.815  Millions$ 520.321  Millions
The E w Scripps Company  1.61 $ 576.021  Millions$ 358.456  Millions
Townsquare Media Inc   1.27 $ 83.229  Millions$ 65.756  Millions
Tencent Music Entertainment Group  1.16 $ 1,652.508  Millions$ 1,425.897  Millions
Entravision Communications Corp  1.13 $ 147.150  Millions$ 129.849  Millions
Netflix Inc   1.05 $ 8,205.550  Millions$ 7,805.785  Millions
Iheartmedia Inc   1.00 $ 720.662  Millions$ 717.804  Millions
Lantheus Holdings Inc   0.99 $ 79.612  Millions$ 80.504  Millions
Liberty Global Plc  0.73 $ 2,927.400  Millions$ 4,036.100  Millions
Grupo Televisa S a b   0.70 $ 30,656.540  Millions$ 43,709.666  Millions
Urban One Inc   0.69 $ 73.858  Millions$ 106.909  Millions
Discovery Inc   0.68 $ 2,091.000  Millions$ 3,082.000  Millions
Walt Disney Co  0.64 $ 17,068.000  Millions$ 26,546.000  Millions
Beasley Broadcast Group Inc  0.62 $ 20.759  Millions$ 33.384  Millions
Dish Network Corporation  0.61 $ 3,733.045  Millions$ 6,084.746  Millions
Iqiyi Inc   0.57 $ 2,187.503  Millions$ 3,809.131  Millions
Comcast corporation  0.43 $ 11,740.000  Millions$ 27,090.000  Millions
Spotify Technology S a   0.40 $ 1,293.600  Millions$ 3,248.000  Millions
Phoenix New Media Limited  0.39 $ 59.592  Millions$ 151.296  Millions
Trinity Biotech Plc  0.36 $ 30.564  Millions$ 83.998  Millions
Goliath Film and Media Holdings  0.35 $ 0.039  Millions$ 0.112  Millions
Brooklyn Immunotherapeutics Inc   0.33 $ 0.777  Millions$ 2.360  Millions
Montrose Environmental Group Inc   0.31 $ 34.386  Millions$ 111.543  Millions


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