PDD Holdings Inc. (PDD) - Total Assets
Based on the latest financial reports, PDD Holdings Inc. (PDD) holds total assets worth $630.45 Billion USD as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore PDD Holdings Inc. (PDD) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
PDD Holdings Inc. - Total Assets Trend (2016–2025)
This chart illustrates how PDD Holdings Inc.'s total assets have evolved over time, based on quarterly financial data. See PDD Holdings Inc. (PDD) net assets for net asset value and shareholders' equity analysis.
PDD Holdings Inc. - Asset Composition Analysis
Current Asset Composition (December 2025)
PDD Holdings Inc.'s total assets of $630.45 Billion consist of 82.4% current assets and 17.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 29.0% |
| Accounts Receivable | $15.32 Billion | 2.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $15.40 Million | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2025)
This chart illustrates how PDD Holdings Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see PDD Holdings Inc. market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: PDD Holdings Inc.'s current assets represent 82.4% of total assets in 2025, a decrease from 99.0% in 2016.
- Cash Position: Cash and equivalents constituted 29.0% of total assets in 2025, down from 74.5% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 2.4% of total assets.
PDD Holdings Inc. Competitors by Total Assets
Key competitors of PDD Holdings Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Pinduoduo Inc
F:9PDA
|
Germany | €637.70 Billion |
|
Wayfair Inc
NYSE:W
|
USA | $2.87 Billion |
|
Zalando SE
XETRA:ZAL
|
Germany | €8.71 Billion |
|
MERCARI INC. UNSP.ADR/1/2
F:6TP0
|
Germany | €615.14 Billion |
|
Brainbees Solutions Limited
NSE:FIRSTCRY
|
India | Rs75.10 Billion |
|
Contextlogic Inc
NASDAQ:LOGC
|
USA | $223.00 Million |
|
Bike24 Holding AG
F:BIKE
|
Germany | €224.91 Million |
|
ALUMEXX N.V. NAM. EO-10
F:NE8F
|
Germany | €37.05 Million |
PDD Holdings Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.45 | 2.21 | 1.78 |
| Quick Ratio | 2.45 | 2.21 | 1.76 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $306.96 Billion | $227.23 Billion | $65.64 Billion |
PDD Holdings Inc. - Advanced Valuation Insights
This section examines the relationship between PDD Holdings Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.44 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | 24.8% |
| Total Assets | $630.45 Billion |
| Market Capitalization | $130.27 Billion USD |
Valuation Analysis
Below Book Valuation: The market values PDD Holdings Inc.'s assets below their book value (0.21x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: PDD Holdings Inc.'s assets grew by 24.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for PDD Holdings Inc. (2016–2025)
The table below shows the annual total assets of PDD Holdings Inc. from 2016 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $630.45 Billion | +24.83% |
| 2024-12-31 | $505.03 Billion | +45.09% |
| 2023-12-31 | $348.08 Billion | +46.79% |
| 2022-12-31 | $237.12 Billion | +30.85% |
| 2021-12-31 | $181.21 Billion | +14.03% |
| 2020-12-31 | $158.91 Billion | +108.93% |
| 2019-12-31 | $76.06 Billion | +76.13% |
| 2018-12-31 | $43.18 Billion | +224.32% |
| 2017-12-31 | $13.31 Billion | +651.91% |
| 2016-12-31 | $1.77 Billion | -- |
About PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, spo… Read more