Indebtedness

(R$ thousand) 2013 2014 2015 2016 2017 2018 2019 1Q20
Short-Term Debt 36,223      37,869    227,604    125,328   250,294  330,193 142,216 295,213
Borrowings and Financing  32,848      22,908      12,562  38,682 96,031 55,642 23,187 1,878
Debentures and Promissory Notes 3,375 14,961    210,380 74,938 149,078  237,676 118,953 293,316
Leasing                    –                –         4,662 11,708 5,185 36,875 76 19
Long-Term Debt 663,329    840,472    698,836    707,975    1,212,482   3,594,154 4,553,004 4,601,779
Borrowings and Financing 179,449    126,420      58,720 62,329          58,463      31,116 322,954 636,308
Debentures and Promissory Notes 483,880    714,052    630,058 9,951    1,153,786 3,562,873 4,230,050 3,965,471
Leasing                    –                –      10,058 635,695                233 165
Consolidated Gross Debt 699,552 878,341 926,440 833,303 1,462,776 3,924,347 4,695,220 4,896,992
Cash and Cash Equivalents 196,836    206,114    292,400    205,355       430,726 1,964,898 2,014,694 1,243,341
Net Debt 502,716   672,227 634,040    627,948    1,032,050   1,959,449 2,680,526 3,653,651