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Cash and cash equivalents
 3 Months Ended
Mar. 31, 2024
Cash And Cash Equivalents  
Cash and cash equivalents

 

6Cash and cash equivalents

 

 

   
 

March 31, 2024

December 31, 2023

     
Cash and banks 27,042 31,187
Cash equivalents

1,992,349

807,297

Total

2,019,391

838,484

 

Cash and cash equivalents include cash, bank deposits, and high-liquidity short-term financial investments, mainly represented by repurchase agreements, fund shares (accruing CDI interest rates), and CDBs, whose original maturities or intention of realization are lower than three months, which are convertible into a cash amount and subject to an insignificant risk of change in value.

 

As of March 31, 2024, the average yield of cash equivalents corresponded to 96.67% of CDI (96.25% as of December 31, 2023).