Tencent Music Entertainment Group Quick Ratio 2018-2025 | TME
- Tencent Music Entertainment Group average quick ratio for 2024 was 2.51, a 2.45% decline from 2023.
- Tencent Music Entertainment Group average quick ratio for 2023 was 2.45, a 8.41% increase from 2022.
- Tencent Music Entertainment Group average quick ratio for 2022 was 2.26, a 18.71% increase from 2021.
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.