PDD Holdings Inc. (PDD) — Working Capital to Net Assets Ratio
PDD Holdings Inc. (PDD) has a Working Capital to Net Assets ratio of 73.9% as of December 2025. Working capital of $306.96 Billion (current assets of $519.31 Billion minus current liabilities of $212.35 Billion) is measured against net assets of $415.17 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PDD equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
PDD Holdings Inc. Working Capital to Net Assets (2016–2025)
This chart shows how PDD Holdings Inc.'s Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 73.9%, reflecting working capital of $306.96 Billion against net assets of $415.17 Billion USD. Check PDD Holdings Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for PDD Holdings Inc. (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for PDD Holdings 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 PDD Holdings Inc. (PDD) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 73.9% | $306.96 Billion | $415.17 Billion | $519.31 Billion | $212.35 Billion | ▲ +1.4 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 | — |