• MercadoLibre average debt/equity ratio for 2023 was 0.96, a 39.62% decline from 2022.
• MercadoLibre average debt/equity ratio for 2022 was 1.59, a 83.92% decline from 2021.
• MercadoLibre average debt/equity ratio for 2021 was 9.89, a 2435.9% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.