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