Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
Excel
Download xls
Group Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019
Net revenue, SEK m 474 445 420 501 512
Return on equity, % -4.8 -2.8 -2.6 0.7 10.9
Return on equity, adjusted, % 3.0 2.7 2.6 3.1 3.8
Equity ratio, % 60 61 62 62 62
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.21 1.16 1.07 1.36 1.38
Net tangible assets (EPRA NTA) per share, SEK 173 176 175 178 185
Net earnings per share for the period, SEK -2.27 0.38 -2.83 -2.42 5.34
Equity per share, SEK 141.45 143.72 143.00 145.83 152.15
Cash flow from operating activities per share, SEK 1.37 1.46 1.42 0.98 1.98

Alternative Performance Measures

Hufvudstaden applies the European Securities and Markets Authority’s (ESMA) Guidelines on Alternative Performance Measures. A number of the key performance measures above are alternative performance measures, i.e. a set of financial metrics not defined in IFRS or the Annual Accounts Act, and which are used to present the Company’s development and improve comparability between periods. Definitions of performance measures are given in the glossary. Below is the derivation of alternative performance measures.

  Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019
Equity ratio, SEK m           
Equity 28,617 29,075 29,497 30,080 31,383
Total assets 47,397 47,627 47,708 48,795 50,342
Equity ratio, % 60 61 62 62 62
           
Interest coverage ratio, SEK m          
Profit or loss before tax -1,833 -959 -789 322 3,968
Reversal of items affecting comparability and changes in value 2,894 2,036 1,880 929 -2,731
Interest expense 1 132 132 132 128 119
Total 1,193 1,209 1,223 1,379 1,356
Interest expense 1 132 132 132 128 119
Interest coverage ratio, multiple 9.1 9.2 9.3 10.8 11.4
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 8,650 8,250 7,900 8,200 8,350
Lease liabilities 720 729 740 750 760
Interest-bearing assets -784 -366 -454 -725 -1,706
Total 8,586 8,613 8,186 8,225 7,404
Carrying amount, properties 45,637 46,266 46,214 49,963 47,681
Net loan-to-value ratio, properties, % 18.8 18.6 17.7 17.5 15.5
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,200 6,200 6,200 6,700 6,700
Non-current leasing liabilities 710 710 713 714 719
Current interest-bearing liabilities 2,450 2,050 1,700 1,500 1,650
Current leasing liabilities 10 19 27 36 41
Cash and bank holdings -784 -366 -454 -725 -1,706
Net debt 8,586 8,613 8,186 8,225 7,404

1) Recalculated 12 months.