Tencent Music Entertainment Group Quick Ratio 2018-2024 | TME

Tencent Music Entertainment Group quick ratio for the quarter ending June 30, 2024 was 2.34.

  • Tencent Music Entertainment Group average quick ratio for 2023 was 2.45, a 8.41% decline from 2022.
  • Tencent Music Entertainment Group average quick ratio for 2022 was 2.26, a 18.71% increase from 2021.
  • Tencent Music Entertainment Group average quick ratio for 2021 was 2.78, a 14.46% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.

Tencent Music Entertainment Group Quick Ratio 2018-2024 | TME

  • Tencent Music Entertainment Group average quick ratio for 2023 was 2.45, a 8.41% decline from 2022.
  • Tencent Music Entertainment Group average quick ratio for 2022 was 2.26, a 18.71% increase from 2021.
  • Tencent Music Entertainment Group average quick ratio for 2021 was 2.78, a 14.46% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.
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