Capitalization and Debt Profile
|Capitalization||On June 30, 2017 (R$ million)|
Valid recorded gross debt of R$826.8 million in 2Q17, R$199.0 million of which short term and R$627.8 million long term. Net debt stood at R$515.3 million.
Again, we confirmed that the company‘s financial indicators were below the covenants of the Issues (4th issues: Net debt/EBITDA ≤ 3.00x and EBITDA/Financial expenses ≥ 1.75x).
|*EBITDA/** Financial expenses||7.6|
* Adjusted Ebitda accumulated in the last 12 months.
** Financial expenses accumulated in the last 12 months