Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
Group Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021
Net revenue, SEK m 672 684 644 703 632
Return on equity, % 4.2 4.0 3.1 9.8 5.3
Return on equity, adjusted, % 2.9 2.9 2.6 3.0 3.3
Equity ratio, % 61 61 60 61 60
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.30 1.33 1.15 1.28 1.36
Net reinstatement value (EPRA NRV) per share, SEK 203 201 199 199 189
Net earnings per share for the period, SEK 1.46 1.86 1.88 8.33 2.48
Equity per share, SEK 156.16 154.70 152.84 153.56 145.23
Cash flow from operating activities per share, SEK 1.36 1.45 1.24 1.47 1.37

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.

  Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021
Equity ratio, SEK m           
Equity 31,593 31,296 30,920 31,066 29,382
Total assets 51,731 51,519 51,133 51,099 48,700
Equity ratio, % 61 61 60 61 60
           
Interest coverage ratio, SEK m          
Profit or loss before tax 1) 1,604 1,497 1,236 3,726 1,886
Reversal of items affecting comparability and changes in value -495 -410 -227 -2,579 -735
Interest expense 1) 159 153 152 139 135
Total 1,268 1,240 1,161 1,286 1,286
Interest expense 1) 159 153 152 139 135
Interest coverage ratio, multiple 8.0 8.1 7.6 9.3 9.5
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 9,000 9,100 9,100 9,200 8,850
Lease liabilities 710 712 714 716 718
Interest-bearing assets -555 -637 -601 -1,182 -718
Total 9,155 9,175 9,213 8,734 8,850
Carrying amount, properties 49,960 49,630 49,206 48,790 46,768
Net loan-to-value ratio, properties, % 18.3 18.5 18.7 17.9 18.9
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,000 6,500 6,500 7,000 6,500
Non-current leasing liabilities 702 704 705 707 708
Current interest-bearing liabilities 3,000 2,600 2,600 2,200 2,350
Current leasing liabilities 8 8 9 9 9
Cash and bank holdings -555 -637 -601 -1,182 -718
Net debt 9,155 9,175 9,213 8,734 8,850

1) Recalculated 12 months.