Cosan S.A. announced its third-quarter 2024 financial results, with the company's debt service coverage ratio (DSCR) standing at 1.2x. This metric indicates the company's capacity to cover its debt payments with its operating cash flow.
The DSCR of 1.2x in Q3 2024 was supported by BRL 600 million in dividends received from its subsidiaries Rumo and Radar. However, management acknowledged that the DSCR was expected to organically decline in future quarters.
This outlook reinforced the company's stated urgency to reduce its net debt. The stable DSCR provides a baseline for evaluating future financial performance and the effectiveness of ongoing deleveraging efforts.
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