MercadoLibre (LTS:0K0E) Long-Term Capital Lease Obligation : $768 Mil (As of Dec. 2023)

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What is MercadoLibre Long-Term Capital Lease Obligation?

MercadoLibre's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $768 Mil.

MercadoLibre's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($635 Mil) to Sep. 2023 ($655 Mil) and increased from Sep. 2023 ($655 Mil) to Dec. 2023 ($768 Mil).

MercadoLibre's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($408 Mil) to Dec. 2022 ($551 Mil) and increased from Dec. 2022 ($551 Mil) to Dec. 2023 ($768 Mil).

MercadoLibre Long-Term Capital Lease Obligation Historical Data

The historical data trend for MercadoLibre's Long-Term Capital Lease Obligation 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.

* Premium members only.

MercadoLibre Long-Term Capital Lease Obligation Chart

MercadoLibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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184.04

259.86

408.00

551.00

768.00

MercadoLibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															551.00	572.00	635.00	655.00	768.00

MercadoLibre (LTS:0K0E) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

MercadoLibre Long-Term Capital Lease Obligation Related Terms

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MercadoLibre (LTS:0K0E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MercadoLibre Inc (LTS:0K0E) » Definitions » Long-Term Capital Lease Obligation

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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.

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