In 3Q24, gross debt totaled R$ 10,083.0 MM and cash totaled R$ 1,041.9 MM, resulting in a net debt of R$ 9,041.1 MM, a drop of 0.9% compared to the previous quarter.
Cash and Investments reduced by 4.9% this quarter mainly explained by payment of approximately R$ 735 MM in interest and amortization relating to the 4th, 5th, 11th, 14th and 15th issuances of Taesa debentures, and R$ 265 MM in Capex. These effects were partially offset by the 16th issuance of debentures in the amount of R$ 400 MM in September 2024, by the operating cash generation and receipt of dividends from subsidiaries.
Proportionally consolidating the jointly controlled and associated companies, the total gross debt would be R$ 12,565.5 MM and the cash of R$ 1,605.4 MM, considering the following values: (i) TBE debt in the amount of R$ 1,316.5 MM and cash/investments of R$ 383.0 MM; (ii) ETAU cash/investments of R$ 10.3 MM; and (iii) debt from AIE (Aimorés, Paraguaçu and Ivaí) of R$ 1,166.0 MM and cash/investments of R$ 170.2 MM.
Considering the proportional net debt of jointly controlled and associated companies, the net debt to EBITDA ratio came in at 4.0x in 3Q24, in line with the value recorded in 2Q24 (4.0x).