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

PDD Holdings (PDD) posted Debt to Equity of $0.0 for Q4 2025, down 12.28% sequentially from $0.0 in Q3 2025, and down 84.49% YoY from $0.02 in Q4 2024.

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

PDD Holdings (PDD) has 9 years of Debt to Equity data on file, last reported at $0.0 in Q4 2025.

  • Quarterly Debt to Equity fell 84.49% year-over-year to $0.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $0.0 (down 84.49% YoY) and the FY2025 annual result came in at $0.0, down 84.91% from the prior year.
  • Debt to Equity retreated to $0.0 in Q4 2025 per PDD's latest filing, from $0.0 in the prior quarter.
  • The five-year high for Debt to Equity was $0.12 in Q4 2022, with the low at $0.0 in Q4 2025.
  • Average Debt to Equity over 5 years is $0.03, with a median of $0.01 recorded in 2023.
  • Year-over-year, Debt to Equity slumped 97.06% in 2023 and jumped 389.25% in 2024.
  • PDD Holdings' Debt to Equity stood at $0.03 in 2021, then soared by 351.16% to $0.12 in 2022, then tumbled by 97.06% to $0.0 in 2023, then jumped by 389.25% to $0.02 in 2024, then slumped by 84.49% to $0.0 in 2025.
  • Business Quant data shows PDD's Debt to Equity at $0.0 in Q4 2025, $0.0 in Q3 2025, and $0.0 in Q2 2025.

Peer Comparison

Historic Data

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