MELIMercadoLibre, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -69% · now 25% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MELI take a bad year?
MercadoLibre, Inc. carries $5.18B of net debt at 1.53× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.53×
Net debt / EBITDA · −0.06× a year ago · the load is going up
- Debt / equity
- 1.39×
Debt / equity
- Annualised volatility
- 41%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $10.9B
- Cash and short-term investments
- $5.73B
- Net debt
- $5.18B
- EBITDA, trailing twelve months
- $3.40B
- Operating profit, trailing twelve months
- $2.91B
- Debt / equity
- 1.39×
- Total debt / EBITDA
- 3.21×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −69%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Internet Retail
Ranks #2 of 14 by RyuScore