Capitalization and Debt Profile
| Capitalization | On September 30, 2022 (R$ million) |
| Short-term indebtedness | 354.1 |
| Long-term indebtedness | 751.9 |
| Total indebtedness | 1,106.0 |
| Equity | 1,321.7 |
| Total Capitalization | 2,427.7 |
Valid recorded gross debt of R$1,083 million in the 3Q22, R$345 million of which short term and R$ 739 million long term. Net debt stood at R$510 million.
We ratify that the required financial indicators comply with the Covenants (Net debt/EBITDA ≤ 3.00x and EBITDA/Financial expenses ≥ 1.75x).
| R$ million | |
| Gross Debt (ex Leases) | 1,083 |
| Cash | 573 |
| Net Debt | 510 |
| Net Debt/*EBITDA | 1.1 |
| *EBITDA/** Financial expenses | 2.8 |
* Adjusted Ebitda accumulated in the last 12 months.
** Financial expenses accumulated in the last 12 months