Pinduoduo Inc (9PDA) — Working Capital to Net Assets Ratio
Pinduoduo Inc (9PDA) has a Working Capital to Net Assets ratio of 76.7% as of March 2026. Working capital of €324.91 Billion (current assets of €536.55 Billion minus current liabilities of €211.64 Billion) is measured against net assets of €423.43 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 9PDA FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pinduoduo Inc Working Capital to Net Assets (2016–2025)
This chart shows how Pinduoduo Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at 76.7%, reflecting working capital of €324.91 Billion against net assets of €423.43 Billion EUR. See Pinduoduo Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Pinduoduo Inc (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pinduoduo Inc from 2016 to 2025, covering 10 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see 9PDA market cap.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 73.8% | €305.24 Billion | €413.39 Billion | €518.98 Billion | €213.74 Billion | ▲ +1.3 pp |
| 2024 | 72.5% | €227.23 Billion | €313.31 Billion | €415.65 Billion | €188.42 Billion | ▼ -3.2 pp |
| 2023 | 75.8% | €141.85 Billion | €187.24 Billion | €294.75 Billion | €152.90 Billion | ▼ -8.9 pp |
| 2022 | 84.7% | €99.73 Billion | €117.77 Billion | €216.62 Billion | €116.89 Billion | ▼ -4.8 pp |
| 2021 | 89.4% | €67.18 Billion | €75.11 Billion | €160.91 Billion | €93.73 Billion | ▼ -19.6 pp |
| 2020 | 109.1% | €65.64 Billion | €60.18 Billion | €149.52 Billion | €83.88 Billion | ▼ -1.4 pp |
| 2019 | 110.5% | €27.23 Billion | €24.65 Billion | €73.00 Billion | €45.77 Billion | ▲ +25.3 pp |
| 2018 | 85.2% | €16.03 Billion | €18.82 Billion | €40.39 Billion | €24.36 Billion | ▼ -0.2 pp |
| 2017 | 85.3% | €1.03 Billion | €1.20 Billion | €13.14 Billion | €12.11 Billion | ▼ -9.8 pp |
| 2016 | 95.2% | €339.21 Million | €356.45 Million | €1.75 Billion | €1.41 Billion | — |