Capital Structure

Capital Structure (R$ million) 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Equity (a) 1,658.8 1,284.8 721.8 794.5 627.9
Current Liabilities + Non-Current Liabilities (b) 3,533.5 2,721.6 2,067.9 1,824.1 727.3
Total Assets (c) 5,192.3 4,006.5 2,789.7 2,618.6 1,355.2
% Own Capital (a)/(c) 31.9% 32.1% 25.9% 30.3% 46.3%
% Third-Party Capital (b)/(c) 68.1% 67.9% 74.1% 69.7% 53.7%
(R$ million) 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash and Equivalents (812.2) (783.6) (123.5) (483.9) (63.3)
Short-Term Gross Debit 483.4 823.6 513.1 715.5 384.5
Long-Term Gross Debit 1,782.6 1,037.40 529.0 558.5 155.9
Gross Debit 2,265.9 1,861.00 1,042.1 1,274.0 540.4
Net Debit 1,453.8 1,077.40 918.6 790.1 477.1
Confirming operations 228.8 435.0 594.2 308.7
Net Debt (excluding confirming operations) 1,453.8 848.6 483.6 195.9 168.4