Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
Group Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022
Net revenue, SEK m 726 715 746 672 684
Return on equity, % -3.0 0.5 2.4 4.2 4.0
Return on equity, adjusted, % 3.0 2.8 2.9 2.9 2.9
Equity ratio, % 59 60 61 61 61
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.37 1.25 1.29 1.30 1.33
Net reinstatement value (EPRA NRV) per share, SEK 189 195 201 203 201
Net earnings per share for the period, SEK -4.31 -2.47 -1.63 1.46 1.86
Equity per share, SEK 145.04 149.36 154.53 156.16 154.70
Cash flow from operating activities per share, SEK 1.25 1.51 1.01 1.36 1.45

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.

  Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022
Equity ratio, SEK m           
Equity 29,343 30,216 31,262 31,593 31,296
Total assets 49,700 50,749 51,235 51,731 51,519
Equity ratio, % 59 60 61 61 61
           
Interest coverage ratio, SEK m          
Profit or loss before tax 1) -1,154 210 904 1,604 1,497
Reversal of items affecting comparability and changes in value 2,295 906 209 -495 -410
Interest expense 1) 247 216 166 159 153
Total 1,388 1,332 1,279 1,268 1,240
Interest expense 1) 247 216 166 159 153
Interest coverage ratio, multiple 5.6 6.2 7.7 8.0 8.1
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 9,700 9,500 9,000 9,000 9,100
Lease liabilities 712 714 712 710 712
Interest-bearing assets -543 -426 -453 -555 -637
Total 9,869 9,788 9,259 9,155 9,175
Carrying amount, properties 47,837 48,909 49,547 49,960 49,630
Net loan-to-value ratio, properties, % 20.6 20.0 18.7 18.3 18.5
           
Net debt, SEK m          
Non-current interest-bearing liabilities 7,300 6,500 6,500 6,000 6,500
Non-current leasing liabilities 704 706 703 702 704
Current interest-bearing liabilities 2,400 3,000 2,500 3,000 2,600
Current leasing liabilities 8 8 9 8 8
Cash and bank holdings -543 -426 -453 -555 -637
Net debt 9,869 9,788 9,259 9,155 9,175

1) Recalculated 12 months.