Debt Profile

Debt profile (In R$ thousands) 2012 2013 2014 2015 2016
Total Debt 580,775 893,520 809,967 905,586 985,008
Cash and cash equivalents 235,807 261,724 92,288 144,121 72,582
Net Debt 344,968 631,796 717,679 761,465 912,426
Net Debt/EBITDA 1.7x 2.2x 2.2x 2.2x 2.4x
Shareholders‘ Equity 613,381 675,891 724,518 748,629 776,682
Net Debt/Shareholders‘s Equity 0.6 0.9 1.0 1.0 1.2