Tencent Music (TME) - Net Assets

Net assets on the balance sheet as of June 2024 : HK$67.23 Billion

According to Tencent Music's latest financial reports the company has HK$67.23 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	$HK$55.65 B	-10.92%
2021-12-31	$HK$62.47 B	-0.32%
2020-12-31	$HK$62.67 B	28.71%
2019-12-31	$HK$48.69 B	13.22%
2018-12-31	$HK$43.01 B	36.97%
2017-12-31	$HK$31.40 B	36.28%
2016-12-31	$HK$23.04 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	HK$5.60 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 : HK$67.23 Billion