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| Date | Value |
|---|---|
| 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 |