PDD Holdings (PDD) Debt Ratio (2017 - 2025)

PDD Holdings (PDD) posted Debt Ratio of 0.0 for Q4 2025, up 90147.56% sequentially from 0.0 in Q3 2025, and down 83.6% YoY from 0.01 in Q4 2024.

PDD Holdings (PDD) Debt Ratio (2017 - 2025) Analysis & Trends

PDD Holdings has reported Debt Ratio for 9 years, with the latest figure at 0.0 in Q4 2025.

Quarterly Debt Ratio fell 83.6% year-over-year to 0.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.0 (down 83.6% YoY) and the FY2025 annual result came in at 0.0, down 84.29% from the prior year.
Debt Ratio grew to 0.0 in Q4 2025 per PDD's latest filing, from 0.0 in the prior quarter.
Over five years, Debt Ratio peaked at 43652.08 in Q3 2021 and troughed at 0.0 in Q3 2025.
A 5-year average of 4620.0 and a median of 0.0 in 2022 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2022 and 2023: Debt Ratio plunged 100.0% in 2022, then soared 67533438284.83% in 2023.
Over 5 years, Debt Ratio stood at 0.01 in 2021, then jumped by 440.58% to 0.06 in 2022, then plunged by 96.82% to 0.0 in 2023, then jumped by 464.24% to 0.01 in 2024, then plunged by 83.6% to 0.0 in 2025.
According to Business Quant data, Debt Ratio over the past three periods registered 0.0, 0.0, and 0.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Amazon Com	2,940.53 Bn	2,817.54 Bn	198.88 Bn	0.12
2	PDD Holdings	506.99 Bn	447.44 Bn	9.83 Bn	0.00
3	Mercadolibre	96.89 Bn	81.70 Bn	4.16 Bn	0.21
4	DoorDash	93.40 Bn	88.05 Bn	2.35 Bn	-
5	JD.com	87.49 Bn	58.31 Bn	7.66 Bn	0.03
6	Sea	78.28 Bn	69.76 Bn	3.15 Bn	0.01
7	Ebay	47.46 Bn	44.16 Bn	2.30 Bn	0.38
8	Coupang	29.69 Bn	23.58 Bn	2.49 Bn	0.15
9	Zkh	15.94 Bn	15.94 Bn	51.11 Mn	0.04
10	Wayfair	13.68 Bn	12.54 Bn	1.05 Bn	0.95

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