Capital Structure

Capital Structure (R$ million) 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Equity (a) 1,291.6 721.8 794.5 627.9
Current Liabilities + Non-Current Liabilities (b) 2,624.24 2,067.9 1,824.1 727.3
Total Assets (c) 3,915.9 2,789.7 2,618.6 1,355.2
% Own Capital (a)/(c) 33% 25.9% 30.3% 46.3%
% Third-Party Capital (b)/(c) 67% 74.1% 69.7% 53.7%

(R$ million) 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash and Equivalents (783.6) (123.5) (483.9) (63.3)
Short-Term Gross Debit 823.6 513.1 715.5 384.5
Long-Term Gross Debit 1,037.40 529.0 558.5 155.9
Gross Debit 1,861.00 1,042.1 1,274.0 540.4
Net Debit 1,077.40 918.6 790.1 477.1
Confirming operations 228.8 435.0 594.2 308.7
Net Debt (excluding confirming operations) 848.63 483.6 195.9 168.4