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

PDD Holdings' (PDD) quarterly Debt to Equity came in at $0.01 in Q3 2025, down 7.84% quarter-over-quarter from $0.01 in Q2 2025.

PDD Holdings (PDD) Debt to Equity (2017 - 2025) Analysis & Trends

PDD Holdings has disclosed Debt to Equity across 9 years of filings, most recently posting $0.01 for Q3 2025.

  • Debt to Equity for Q3 2025 came in at $0.01, changed N/A year-over-year; the trailing twelve-month figure through Sep 2025 was $0.01 (changed N/A YoY), and the FY2024 annual result was $0.02, up 389.25% from the prior year.
  • Debt to Equity came in at $0.01 for Q3 2025 at PDD Holdings, down from $0.01 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 Q2 2024.
  • The 5-year median for Debt to Equity is $0.02 (2024), against an average of $0.04.
  • Across the five-year window, Debt to Equity tumbled 100.0% in 2024 and soared 1487437.43% in 2025, its largest moves.
  • PDD Holdings' Debt to Equity stood at $0.03 in 2021, then soared by 351.16% to $0.12 in 2022, then slumped by 97.06% to $0.0 in 2023, then jumped by 389.25% to $0.02 in 2024, then slipped by 21.3% to $0.01 in 2025.
  • The last three Debt to Equity figures came in at $0.01 (Q3 2025), $0.01 (Q2 2025), and $0.02 (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 0.27
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 1.36
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn -
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 1.53
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 0.43
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -1.03
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn -
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn -

Historic Data

Download Data
DateValue
Sep 30, 2025 0.01
Jun 30, 2025 0.01
Mar 31, 2025 0.02
Dec 31, 2024 0.02
Jun 30, 2024 0.00
Mar 31, 2024 0.00
Dec 31, 2023 0.00
Sep 30, 2023 0.09
Jun 30, 2023 0.10
Mar 31, 2023 0.11
Dec 31, 2022 0.12
Dec 31, 2021 0.03
Dec 31, 2020 0.06
Dec 31, 2019 0.06
Jun 30, 2019 0.12
Dec 31, 2018 0.03
Dec 31, 2017 -0.08