MercadoLibre (MercadoLibre) Interest Expense

: $-378 Mil (TTM As of Dec. 2023)

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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 $ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-378 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 $ 240 Mil. MercadoLibre's Interest Expense for the three months ended in Dec. 2023 was $ -81 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-65.88

-107.00

-229.00

-321.00

-378.00

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																-100.00	-94.00	-92.00	-111.00	-81.00

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 $-378 Mil.

MercadoLibre (NAS:MELI) 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 $-81 Mil. Its Operating Income for the three months ended in Dec. 2023 was $240 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,875 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	*	240	/	-81
	=	2.96

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

MercadoLibre (MercadoLibre) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MELI:Mexico MLB1d:UK MLB1:Germany MLB1:Germany MLB1:Germany MELI34:Brazil 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.

Executives

De La Serna Juan Martin	officer: Executive VP Corporate Affairs	AV. PTE. PERON 2375, LOTE MN04, PILAR, BUENOS AIRES C1 1629
Emiliano Calemzuk	director	C/O MERCADOLIBRE, INC., TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Petroni Merhy Andrea Mayumi	director	HOUSE B, 32 STANLEY VILLAGE ROAD, STANLEY K3 000000
Marcelo Melamud	officer: V. P. Chief Accounting Officer	TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Richard A Sanders	director	80 PALL MALL, LONDON X0 SW1Y 5ES
Ariel Szarfsztejn	officer: Executive VP - Commerce	POSTA 4789, 6TH FLOOR, BUENOS AIRES C1 C1430CRG
Henrique Vasoncelos Dubugras	director	1000 LAUREL WAY, BEVERLY HILLS CA 90210
Alejandro Nicolas Aguzin	director	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430DNN
Meyer Malka	director	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Roberto Balls Sallouti	director	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1 C1430CRG
Stelleo Tolda	officer: Country Manager Brazil	C/O MERCADOLIBRE, INC., TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Ebay Inc	10 percent owner	2025 HAMILTON AVENUE, SAN JOSE CA 95125
Daniel Rabinovich	officer: VP-Chief Technology Officer	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG
A Michael Spence	director	121 INNOVATION DR STE 200, IRVINE CA 92612
Pedro Arnt	officer: Executive VP and CFO	ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG