88/100B78.960
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Q3 FY2026 · Earnings report
EPS estimate 2.77Revenue estimate 17.17B
Q3 FY2026 · Earnings report
EPS estimate 2.77Revenue estimate 17.17B
Pinduoduo total debt 2016–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Pinduoduo's total debt was 4.84B CNY on 30 June 2026, down 55.8% on a year before. At the end of fiscal year 2025 it was 5.38B CNY.
Last updated 8 Nov 2026 · Next report 19 Nov 2026
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Jun 2026 | 4.84B | -55.82% | 456.41B | 451.57B | 0.01 |
| FY2025 | 31 Dec 2025 | 5.38B | -49.26% | 496.46B | 491.07B | 0.01 |
| FY2024 | 31 Dec 2024 | 10.61B | +4.34% | 331.56B | 320.95B | 0.03 |
| FY2023 | 31 Dec 2023 | 10.17B | -39.97% | 217.21B | 207.04B | 0.05 |
| FY2022 | 31 Dec 2022 | 16.93B | +32.71% | 149.44B | 132.50B | 0.14 |
| FY2021 | 31 Dec 2021 | 12.76B | -24.79% | 92.94B | 80.18B | 0.17 |
| FY2020 | 31 Dec 2020 | 16.97B | +155.15% | 86.97B | 70.01B | 0.28 |
| FY2019 | 31 Dec 2019 | 6.65B | — | 41.06B | 34.41B | 0.27 |
| FY2018 | 31 Dec 2018 | 0.00 | — | 21.79B | 21.79B | 0.00 |
| FY2017 | 31 Dec 2017 | 0.00 | — | 3.11B | 3.11B | 0.00 |
| FY2016 | 31 Dec 2016 | 0.00 | — | 1.61B | 1.61B | 0.00 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | 4.84B | -55.82% | 456.41B | 451.57B | 0.01 |
| Q1 FY2026 | 31 Mar 2026 | 5.10B | -54.65% | 510.37B | 505.27B | 0.01 |
| Q4 FY2025 | 31 Dec 2025 | 5.38B | -49.26% | 496.46B | 491.07B | 0.01 |
| Q3 FY2025 | 30 Sept 2025 | 10.67B | +4.27% | 423.77B | 413.10B | 0.03 |
| Q2 FY2025 | 30 Jun 2025 | 10.96B | +12.27% | 387.13B | 376.17B | 0.03 |
| Q1 FY2025 | 31 Mar 2025 | 11.25B | +18.70% | 364.50B | 353.25B | 0.03 |
| Q4 FY2024 | 31 Dec 2024 | 10.61B | +4.34% | 331.56B | 320.95B | 0.03 |
| Q3 FY2024 | 30 Sept 2024 | 10.24B | -48.18% | 308.46B | 298.22B | 0.04 |
| Q2 FY2024 | 30 Jun 2024 | 9.77B | -46.55% | 284.93B | 275.16B | 0.04 |
| Q1 FY2024 | 31 Mar 2024 | 9.48B | -44.15% | 242.13B | 232.65B | 0.04 |
| Q4 FY2023 | 31 Dec 2023 | 10.17B | -39.97% | 217.21B | 207.04B | 0.05 |
| Q3 FY2023 | 30 Sept 2023 | 19.75B | +16.11% | 202.85B | 183.09B | 0.12 |
| Q2 FY2023 | 30 Jun 2023 | 18.27B | +15.52% | 179.51B | 161.24B | 0.13 |
| Q1 FY2023 | 31 Mar 2023 | 16.97B | +13.70% | 157.03B | 140.06B | 0.13 |
| Q4 FY2022 | 31 Dec 2022 | 16.93B | +32.71% | 149.44B | 132.50B | 0.14 |
| Q3 FY2022 | 30 Sept 2022 | 17.01B | +36.53% | 137.81B | 120.80B | 0.16 |
| Q2 FY2022 | 30 Jun 2022 | 15.81B | +31.04% | 119.38B | 103.57B | 0.17 |
| Q1 FY2022 | 31 Mar 2022 | 14.93B | +16.38% | 95.22B | 80.29B | 0.19 |
| Q4 FY2021 | 31 Dec 2021 | 12.76B | -24.79% | 92.94B | 80.18B | 0.17 |
| Q3 FY2021 | 30 Sept 2021 | 12.46B | +40.79% | 97.92B | 85.46B | 0.18 |
| Q2 FY2021 | 30 Jun 2021 | 12.07B | +35.88% | 92.18B | 80.11B | 0.19 |
| Q1 FY2021 | 31 Mar 2021 | 12.83B | +59.14% | 83.36B | 70.53B | 0.21 |
| Q4 FY2020 | 31 Dec 2020 | 16.97B | +155.15% | 86.97B | 70.01B | 0.28 |
| Q3 FY2020 | 30 Sept 2020 | 8.85B | +61.64% | 45.57B | 36.72B | 0.31 |
| Q2 FY2020 | 30 Jun 2020 | 8.88B | +2,612.38% | 49.01B | 40.13B | 0.30 |
| Q1 FY2020 | 31 Mar 2020 | 8.06B | +3,303.58% | 42.58B | 34.51B | 0.37 |
| Q4 FY2019 | 31 Dec 2019 | 6.65B | — | 41.06B | 34.41B | 0.27 |
| Q3 FY2019 | 30 Sept 2019 | 5.48B | — | 40.25B | 34.78B | 0.21 |
| Q2 FY2019 | 30 Jun 2019 | 327.45M | — | 31.79B | 31.46B | 0.01 |
| Q1 FY2019 | 31 Mar 2019 | 236.82M | — | 29.42B | 29.18B | 0.01 |
| Q4 FY2018 | 31 Dec 2018 | 0.00 | — | 21.79B | 21.79B | 0.00 |
| Q3 FY2018 | 30 Sept 2018 | 0.00 | — | 22.47B | 22.47B | 0.00 |
| Q2 FY2018 | 30 Jun 2018 | 0.00 | — | 10.33B | 10.33B | 0.00 |
| Q1 FY2018 | 31 Mar 2018 | 0.00 | — | 9.48B | 9.48B | 0.00 |
| Q4 FY2017 | 31 Dec 2017 | 0.00 | — | 3.11B | 3.11B | 0.00 |
| Q1 FY2017 | 31 Mar 2017 | 0.00 | — | 1.61B | 1.61B | 0.00 |
Figures in CNY at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Balance sheet
Common questions about Pinduoduo's debt
Source: Financial Modeling Prep