{"id":2380,"date":"2025-08-18T09:00:02","date_gmt":"2025-08-18T12:00:02","guid":{"rendered":"http:\/\/ri.taesa.com.br\/?page_id=2380"},"modified":"2024-08-14T16:41:08","modified_gmt":"2024-08-14T19:41:08","slug":"endeudamiento","status":"publish","type":"page","link":"https:\/\/ri.taesa.com.br\/es\/informacion-financiera\/endeudamiento\/","title":{"rendered":"Endeudamiento"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=\u00bb\u00bb]En el 2T24, la deuda bruta totaliz\u00f3 R$ 10.220,1 MM y el efectivo R$ 1.095,5 MM, resultando en una deuda neta de R$ 9.124,6 MM, un aumento del 3,6% respecto al trimestre anterior.<\/p>\n<p>Caja e Inversiones se mantuvieron pr\u00e1cticamente en l\u00ednea en el trimestre, explicado principalmente por el pago de aproximadamente R$ 1,2 mil millones en intereses y amortizaciones relacionadas con la 3\u00aa, 6\u00aa, 10\u00aa y 12\u00aa emisiones de obligaciones de Taesa, R$ 364 MM en Capex y R $ 535,2 MM en pago de ganancias. Estos efectos fueron compensados \u200b\u200bpor la realizaci\u00f3n de la 15\u00aa emisi\u00f3n de obligaciones por el valor de R$ 1,3 mil millones en abril de 2024, por la generaci\u00f3n de caja operativa y la recepci\u00f3n de dividendos de las empresas participantes.<\/p>\n<p>Consolidando proporcionalmente las empresas multigrupo y asociadas, la deuda bruta total ser\u00eda de R$ 12.622,6 MM y el efectivo de R$ 1.516,5 MM, considerando los siguientes valores: (i) Deudas de TBE por el valor de R$ 1.258,9 MM y efectivo\/inversiones de R$ 285,8 millones; (ii) efectivo\/inversiones de ETAU por R$ 9,9 MM; y (iii) deudas de AIE (Aimor\u00e9s, Paragua\u00e7u e Iva\u00ed) de R$ 1.143,6 MM y caja\/inversiones de R$ 125,3 MM.<\/p>\n<p>Considerando la deuda neta proporcional de las empresas multigrupo y asociadas, el ratio deuda neta a EBITDA fue de 4,0x en el 2T24, por encima del valor registrado en el 1T24 (3,8x). Para efectos del c\u00e1lculo del apalancamiento, el EBITDA de 12 meses considera el valor recibido del RAP provisional de refuerzos hasta el 30 de junio de 2024.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=\u00bb.vc_custom_1561642818729{margin-bottom: 20px !important;}\u00bb]<\/p>\n<h6>1 Para el an\u00e1lisis el flujo de efectivo de la compa\u00f1\u00eda es m\u00e1s apropiado utilizar el resultado regulatorio que refleja sus operaciones de manera fiable.<\/h6>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=\u00bb1\/3&#8243;][vc_round_chart type=\u00bbdoughnut\u00bb stroke_width=\u00bb0&#8243; tooltips=\u00bb\u00bb values=\u00bb%5B%7B%22title%22%3A%22IPCA%20%7C%2066%25%22%2C%22value%22%3A%2266%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22CDI%20%7C%2031%25%22%2C%22value%22%3A%2231%22%2C%22color%22%3A%22chino%22%7D%2C%7B%22title%22%3A%22IGPM%20%7C%202%25%22%2C%22value%22%3A%222%25%22%2C%22color%22%3A%22green%22%7D%5D\u00bb css=\u00bb.vc_custom_1723664464694{margin-right: 0px !important;margin-bottom: 30px !important;margin-left: 0px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;padding-left: 10px !important;border-color: #eaeaea !important;}\u00bb title=\u00bbPerfil de la Deuda\u00bb][\/vc_column][vc_column width=\u00bb1\/3&#8243;][vc_round_chart type=\u00bbdoughnut\u00bb stroke_width=\u00bb0&#8243; tooltips=\u00bb\u00bb values=\u00bb%5B%7B%22title%22%3A%22Largo%20Plazo%20%7C88%2C5%25%22%2C%22value%22%3A%2288%2C5%25%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22Corto%20Plazo%20%7C%2011%2C5%25%22%2C%22value%22%3A%2211%2C5%25%22%2C%22color%22%3A%22chino%22%7D%5D\u00bb css=\u00bb.vc_custom_1704985148590{margin-right: 0px !important;margin-bottom: 30px !important;margin-left: 0px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;padding-left: 10px !important;border-left-color: #eaeaea !important;border-right-color: #eaeaea !important;border-top-color: #eaeaea !important;border-bottom-color: #eaeaea !important;}\u00bb title=\u00bbPlazo de la Deuda\u00bb][\/vc_column][vc_column width=\u00bb1\/3&#8243;][vc_round_chart type=\u00bbdoughnut\u00bb stroke_width=\u00bb0&#8243; tooltips=\u00bb\u00bb values=\u00bb%5B%7B%22title%22%3A%22PL%20(Valor%20Neto)%20%7C%2044%25%22%2C%22value%22%3A%2244%22%2C%22color%22%3A%22peacoc%22%7D%2C%7B%22title%22%3A%22Deuda%20Neta%20%7C%2056%25%22%2C%22value%22%3A%2256%22%2C%22color%22%3A%22chino%22%7D%5D\u00bb css=\u00bb.vc_custom_1710272671771{margin-right: 0px !important;margin-bottom: 30px !important;margin-left: 0px !important;border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 15px !important;padding-bottom: 15px !important;padding-left: 10px !important;border-left-color: #eaeaea !important;border-right-color: #eaeaea !important;border-top-color: #eaeaea !important;border-bottom-color: #eaeaea !important;}\u00bb title=\u00bbEstructura de Capital (BV)\u00bb][\/vc_column][\/vc_row][vc_row css=\u00bb.vc_custom_1552679021414{margin-bottom: 20px !important;}\u00bb][vc_column width=\u00bb1\/2&#8243;][vc_single_image image=\u00bb293541&#8243; img_size=\u00bbfull\u00bb css=\u00bb.vc_custom_1723664250947{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;border-color: #eeeeee !important;}\u00bb][\/vc_column][vc_column width=\u00bb1\/2&#8243;][vc_single_image image=\u00bb293547&#8243; img_size=\u00bbfull\u00bb css=\u00bb.vc_custom_1723664286371{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;border-color: #eeeeee !important;}\u00bb][\/vc_column][\/vc_row][vc_row css=\u00bb.vc_custom_1552679479458{margin-bottom: 40px !important;}\u00bb][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=\u00bb\u00bb]En el 2T24, la deuda bruta totaliz\u00f3 R$ 10.220,1 MM y el efectivo R$ 1.095,5 MM, resultando en una deuda neta de R$ 9.124,6 MM, un aumento del 3,6% respecto al trimestre anterior. Caja e Inversiones se mantuvieron pr\u00e1cticamente en l\u00ednea en el trimestre, explicado principalmente por el pago de aproximadamente R$ 1,2 mil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1651,"parent":2429,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2380","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/pages\/2380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/comments?post=2380"}],"version-history":[{"count":33,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/pages\/2380\/revisions"}],"predecessor-version":[{"id":293555,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/pages\/2380\/revisions\/293555"}],"up":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/pages\/2429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/ri.taesa.com.br\/es\/wp-json\/wp\/v2\/media?parent=2380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}