PDD Holdings (PDD Holdings) Debt-to-Asset : 0.03 (As of Dec. 2023)

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What is PDD Holdings Debt-to-Asset?

PDD Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $321 Mil. PDD Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,103 Mil. PDD Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $48,749 Mil. PDD Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

PDD Holdings Debt-to-Asset Historical Data

The historical data trend for PDD Holdings's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PDD Holdings Debt-to-Asset Chart

PDD Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.09

0.11

0.07

0.03

PDD Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.07	0.07	0.06	0.03

Competitive Comparison of PDD Holdings's Debt-to-Asset

For the Internet Retail subindustry, PDD Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PDD Holdings's Debt-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PDD Holdings's Debt-to-Asset falls into.

PDD Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PDD Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(320.736	+	1103.02)	/	48749.071
	=	0.03

PDD Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(320.736	+	1103.02)	/	48749.071
	=	0.03

PDD Holdings (NAS:PDD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

PDD Holdings Debt-to-Asset Related Terms

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PDD Holdings (PDD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PDD Holdings Inc (NAS:PDD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

PDD:Mexico 0A2S:UK 9PDA:Germany 9PDA:Germany P1DD34:Brazil

Address

First Floor, 25 St Stephen’s Green, Dublin 2,, Dublin 2, IRL, D02 XF99

Website

https://www.pddholdings.com

PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.