Debt Profile
At the end of 3Q23, the gross balance of Loans and Financing Operations was BRL 1.3 billion, while the balance of Cash, Cash Equivalents and Financial Investments was BRL 1.3 billion in the period. Company’s Adjusted Net Debt¹ was BRL -89 million and the leverage ratio, measured by Adjusted Net Debt¹/Equity, was -4.2%.
Accordingly, the Company continues to have a well-balanced capital structure to enable the sustainable growth of its operations and to take advantage of the market opportunities that have been emerging.
The following table and graphs show further information of debt profile, as well as its amortization schedule.
| Indebtedness (BRL Million) | 3Q23 | 2Q23 | Δ% |
|---|---|---|---|
| Loans and Financing | 1,291 | 1,445 | -11% |
| CRI | 860 | 914 | -6% |
| Debentures | 273 | 363 | -25% |
| Construction Financing (SFH) | 153 | 161 | -5% |
| FINAME and Leasing | 6 | 7 | -22% |
| Cash and Cash Equivalentss | 1,341 | 1,113 | -21% |
| Adjusted Net Debt¹ | -89 | 268 | -133% |
| Adjusted Net Debt/Equity | -4.2% | 16.7% | -221 p.p. |
¹ Net Debt plus the balance of open positions in swap agreements for protection against interest rate float.
