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FINANCIAL INSTRUMENTS - Capital management risk (Details) - Capital management risk R$ in Billions | 12 Months Ended
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Dec. 31, 2019 BRL (R$)
Disclosure of objectives, policies and processes for managing capital [line items] |
Average maturity | 6 years
Minimum |
Disclosure of objectives, policies and processes for managing capital [line items] |
Net debt/Adjusted EBITDA | 1.0
Maximum |
Disclosure of objectives, policies and processes for managing capital [line items] |
Net debt/Adjusted EBITDA | 1.5
Gross debt limit | R$ 12

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- Definition The target average maturity of debt as determined by management under the Company's capital risk management plan. + References No definition available. + Details
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- Definition The maximum amount of gross debt the Company may hold at one time, as determined by the management under the Company's capital risk management plan. + References No definition available. + Details
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- Definition Ratio of net debt to adjusted earnings before income tax depreciation and allowance (EBITDA) under capital management risk. + References No definition available. + Details
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- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
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- Details
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- Details
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