Tencent Music (TME) - Net Assets

Net assets on the balance sheet as of June 2024 : A$13.69 Billion

According to Tencent Music's latest financial reports the company has A$13.69 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Tencent Music - Net assets on balance sheet (from 2017 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$A$10.46 B	-5.29%
2021-12-31	$A$11.05 B	5.11%
2020-12-31	$A$10.51 B	17.74%
2019-12-31	$A$8.93 B	14.54%
2018-12-31	$A$7.79 B	51.44%
2017-12-31	$A$5.14 B	24.88%
2016-12-31	$A$4.12 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	A$1.14 B	-91.66%	🇮🇱 Israel

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Tencent Music (TME) - Net assets

Net assets on the balance sheet as of June 2024 : A$13.69 Billion