Capitalization and Debt Profile

Capitalization On March 31, 2022 (R$ million)
Short-term indebtedness 513.6
Long-term indebtedness 733.7
Total indebtedness 1,247.3
Equity 1,191.6
Total Capitalization 2,438.9

Valid recorded gross debt of R$1,149 million in the 1Q22, R$495 million of which short term and R$ 654 million long term. Net debt stood at R$582 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) 1,149
Cash 567
Net Debt 582
Net Debt/*EBITDA 1.5
*EBITDA/** Financial expenses 2.8

* Adjusted Ebitda accumulated in the last 12 months.
** Financial expenses accumulated in the last 12 months