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