Capitalization and Debt Profile
|Capitalization||On March 31, 2019 (R$ million)|
Valid recorded gross debt of R$839.9 million in 1Q19, R$231.0 million of which short term and R$608.9 million long term. Net debt stood at R$549.1 million.
Again, we confirmed that the company‘s financial indicators were below the covenants of the Issues (7th issues: Net debt/EBITDA ≤ 3.00x and EBITDA/Financial expenses ≥ 1.75x).
|*EBITDA/** Financial expenses||11.0|
* Adjusted Ebitda accumulated in the last 12 months.
** Financial expenses accumulated in the last 12 months