MercadoLibre (XTER:MLB1) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is MercadoLibre LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. MercadoLibre's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

MercadoLibre's long-term debt to total assets ratio declined from Dec. 2022 (0.23) to Dec. 2023 (0.16). It may suggest that MercadoLibre is progressively becoming less dependent on debt to grow their business.

MercadoLibre LT-Debt-to-Total-Asset Historical Data

The historical data trend for MercadoLibre's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

MercadoLibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.26

0.23

0.16

MercadoLibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.21	0.20	0.17	0.16

MercadoLibre LT-Debt-to-Total-Asset Calculation

MercadoLibre's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2636.375	/	16181.382
	=	0.16

MercadoLibre's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2636.375	/	16181.382
	=	0.16

MercadoLibre (XTER:MLB1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

MercadoLibre LT-Debt-to-Total-Asset Related Terms

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MercadoLibre (XTER:MLB1) Business Description

Industry

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

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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