Tencent Music (TME) - Net Assets

Net assets on the balance sheet as of June 2024 : NZ$14.76 Billion

According to Tencent Music's latest financial reports the company has NZ$14.76 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	$NZ$11.21 B	-4.36%
2021-12-31	$NZ$11.73 B	4.69%
2020-12-31	$NZ$11.20 B	20.69%
2019-12-31	$NZ$9.28 B	13.38%
2018-12-31	$NZ$8.18 B	44.68%
2017-12-31	$NZ$5.65 B	31.92%
2016-12-31	$NZ$4.28 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Perion Network PERI	NZ$1.23 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 : NZ$14.76 Billion