PDD Holdings Inc.
PDD
Price:
$93.3
Market Cap:
$917.79B
PDD Holdings Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It owns and operates a portfolio of businesses, including Temu, an e-commerce marketplace in the United States; and operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is h...[Read more]
Industry
Specialty Retail
IPO Date
2018-07-26
Stock Exchange
NASDAQ
Ticker
PDD
The Current Ratio as of September 2024 (TTM) for PDD Holdings Inc. (PDD) is 2.11
According to PDD Holdings Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.11. This represents a change of 5.85% compared to the average of 1.99 of the last 4 quarters.
PDD Holdings Inc. (PDD) Historical Current Ratio (quarterly & annually)
How has PDD Current Ratio performed in the past?
The mean historical Current Ratio of PDD Holdings Inc. over the last ten years is 1.61. The current 2.11 Current Ratio has changed 13.00% with respect to the historical average. Over the past ten years (40 quarters), PDD's Current Ratio was at its highest in in the September 2022 quarter at 2.27. The Current Ratio was at its lowest in in the March 2017 quarter at 0.
Average
1.61
Median
1.69
Minimum
1.08
Maximum
1.93
PDD Holdings Inc. (PDD) Current Ratio by Quarter and Year
Discovering the peaks and valleys of PDD Holdings Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 52.83%
Maximum Annual Current Ratio = 1.93
Minimum Annual Increase = -12.50%
Minimum Annual Current Ratio = 1.08
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 1.93 | 4.02% |
| 2022 | 1.85 | 7.95% |
| 2021 | 1.72 | -3.69% |
| 2020 | 1.78 | 11.76% |
| 2019 | 1.60 | -3.80% |
| 2018 | 1.66 | 52.83% |
| 2017 | 1.08 | -12.50% |
PDD Holdings Inc. (PDD) Average Current Ratio
How has PDD Current Ratio performed in the past?
The current Current Ratio of PDD Holdings Inc. (PDD) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
1.83
5-year avg
1.78
10-year avg
1.61
PDD Holdings Inc. (PDD) Current Ratio vs. Peers
How is PDD’s Current Ratio compared to its peers?
PDD Holdings Inc.’s Current Ratio is greater than Alibaba Group Holding Limited (1.41), greater than Sea Limited (1.49), greater than MercadoLibre, Inc. (1.28), greater than Vipshop Holdings Limited (1.28), greater than Amazon.com, Inc. (1.10), greater than JD.com, Inc. (1.15), less than Global-e Online Ltd. (2.28), greater than Baozun Inc. (2.05), greater than Farfetch Limited (1.47),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.41 | $194.76B | |
| 1.49 | $44.01B | |
| 1.28 | $100.69B | |
| 1.28 | $6.55B | |
| 1.10 | $1.80T | |
| 1.15 | $37.78B | |
| 2.28 | $5.47B | |
| 2.05 | $106.49M | |
| 1.47 | $254.21M |
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