MercadoLibre (BSP:MELI34) Interest Expense : R$-1,881 Mil (TTM As of Dec. 2023)

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What is MercadoLibre Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MercadoLibre's interest expense for the three months ended in Dec. 2023 was R$ -397 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-1,881 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MercadoLibre's Operating Income for the three months ended in Dec. 2023 was R$ 1,176 Mil. MercadoLibre's Interest Expense for the three months ended in Dec. 2023 was R$ -397 Mil. MercadoLibre's Interest Coverage for the quarter that ended in Dec. 2023 was 2.96. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MercadoLibre Interest Expense Historical Data

The historical data trend for MercadoLibre's Interest Expense 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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MercadoLibre Interest Expense Chart

MercadoLibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-270.39

-550.48

-1,294.97

-1,683.77

-1,852.12

MercadoLibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-524.54	-489.61	-446.54	-548.20	-396.88

MercadoLibre Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-1,881 Mil.

MercadoLibre (BSP:MELI34) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MercadoLibre's Interest Expense for the three months ended in Dec. 2023 was R$-397 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$1,176 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$14,087 Mil.

MercadoLibre's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1175.952	/	-396.884
	=	2.96

The higher the ratio, the stronger the company's financial strength is.

MercadoLibre (BSP:MELI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MercadoLibre Inc (BSP:MELI34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MELI:USA MELI:Mexico MLB1d:UK MLB1:Germany MELI:Austria MELI:Argentina

Address

WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300

Website

https://www.mercadolibre.com

MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

MercadoLibre (BSP:MELI34) Headlines

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