The Company's Total Debt as of September 30th, 2019, was Ps.3,370 million, i.e. an 11.7% sequential drop, in line with the short-term amortizations conducted during the quarter. The foregoing was also reflected in the 13.4% sequential decrease in maturities due <= 1 year.

Debt structure

Sep-19 Dec-18 Sep-18
Bank debt 1,370 1,637 1,793
Debt securities 2,000 1,574 1,684
Short-term debt 1,773 2,785 2,847
Long-term debt 1,596 427 629
Total debt 3,370 3,212 3,477
Net debt1 (433) 294 1,781
1Including restricted cash

As of September 30, 2019, the Company’s leverage ratio stood at 9.09 times.

Sep-19 Dec-18 Sep-18
Adjusted net debt / EBITDAR 3.56x 4.58x 4.84x