MELIMercadoLibre, Inc.

$1,889.80-23% 1Y

Is it safe?

Mixed

Nothing alarming, nothing pristine: comfortable debt (BBB) and typical volatility.

2 neutral, 4 without data
Credit gradeBBBderived · Jun 30, 2026

Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.

Drawdown risk41% volderived · Oct 9, 2026

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.

$5.18B

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.