Capitalization and Debt Profile
|Capitalization||On December 31, 2019 (R$ million)|
Valid recorded gross debt of R$838.1 million in 2019, R$257.8 million of which short term and R$580.3 million long term. Net debt stood at R$519.6 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||4.8|
* Adjusted Ebitda accumulated in the last 12 months.
** Financial expenses accumulated in the last 12 months