MercadoLibre (XTER:MLB1) Cash-to-Debt : 0.70 (As of Dec. 2023)

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What is MercadoLibre Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. MercadoLibre's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.70.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, MercadoLibre couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MercadoLibre's Cash-to-Debt or its related term are showing as below:

XTER:MLB1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 1.28 Max: 2.93
Current: 0.7

During the past 13 years, MercadoLibre's highest Cash to Debt Ratio was 2.93. The lowest was 0.56. And the median was 1.28.

XTER:MLB1's Cash-to-Debt is ranked better than
59% of 1105 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs XTER:MLB1: 0.70

MercadoLibre Cash-to-Debt Historical Data

The historical data trend for MercadoLibre's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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MercadoLibre Cash-to-Debt Chart

MercadoLibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.93

1.44

0.70

0.56

0.70

MercadoLibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.56	0.58	0.60	0.71	0.70

Competitive Comparison of MercadoLibre's Cash-to-Debt

For the Internet Retail subindustry, MercadoLibre's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MercadoLibre's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MercadoLibre's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MercadoLibre's Cash-to-Debt falls into.

MercadoLibre Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

MercadoLibre's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3441.501	/	(2253.986	+	2636.375)
	=	0.70

MercadoLibre's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3441.501	/	(2253.986	+	2636.375)
	=	0.70

MercadoLibre (XTER:MLB1) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

MercadoLibre Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MercadoLibre's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MercadoLibre (XTER:MLB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MercadoLibre Inc (XTER:MLB1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MELI:USA MELI:Mexico MLB1d:UK 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.

MercadoLibre (XTER:MLB1) Headlines

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