Growth Metrics

PDD Holdings (PDD) Debt to Equity (2017 - 2025)

PDD Holdings recorded quarterly Debt to Equity of $0.0 in Q4 2025, down 12.75% quarter-over-quarter from $0.0 in Q3 2025, and down 84.49% year-over-year from $0.02 in Q4 2024.

PDD Holdings' Debt to Equity history runs 9 years deep, the most recent figure standing at $0.0 for Q4 2025.

  • In Q4 2025, Debt to Equity fell 84.49% year-over-year to $0.0; the TTM figure through Dec 2025 stood at $0.0 (down 84.49% YoY), while the FY2025 annual figure was $0.0, down 84.71% from the prior year.
  • Debt to Equity came in at $0.0 for Q4 2025 at PDD Holdings, down from $0.0 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.12 in Q4 2022 to a low of $0.0 in Q4 2025.
  • A 5-year average of $0.03 and a median of $0.01 in 2023 frame the typical range for Debt to Equity.
  • Across the five-year window, Debt to Equity tumbled 97.06% in 2023 and jumped 389.25% in 2024, its largest moves.
  • PDD Holdings' Debt to Equity stood at $0.03 in 2021, then jumped by 351.16% to $0.12 in 2022, then sank by 97.06% to $0.0 in 2023, then surged by 389.25% to $0.02 in 2024, then plunged by 84.49% to $0.0 in 2025.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.0, $0.0, and $0.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Historic Data

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DateValue
Dec 31, 2025 0.00
Sep 30, 2025 0.00
Jun 30, 2025 0.00
Mar 31, 2025 0.00
Dec 31, 2024 0.02
Sep 30, 2024 0.00
Jun 30, 2024 0.00
Mar 31, 2024 0.01
Dec 31, 2023 0.00
Sep 30, 2023 0.01
Jun 30, 2023 0.01
Mar 31, 2023 0.02
Dec 31, 2022 0.12
Sep 30, 2022 0.02
Jun 30, 2022 0.03
Mar 31, 2022 0.03
Dec 31, 2021 0.03
Sep 30, 2021 0.11
Jun 30, 2021 0.10
Mar 31, 2021 0.08
Dec 31, 2020 0.06
Sep 30, 2020 0.06
Jun 30, 2020 0.07
Mar 31, 2020 0.12
Dec 31, 2019 0.06
Sep 30, 2019 0.08
Jun 30, 2019 0.04
Mar 31, 2019 0.04
Dec 31, 2018 0.03
Dec 31, 2017 -0.08