| 2023 | 2022 | 2021 | 2020 | 2019 | |
| Return on equity, % | -6.4 | 2.3 | 9.9 | -4.9 | 10.4 |
| Return on equity, adjusted % | 3.0 | 2.8 | 3.0 | 2.8 | 3.2 |
| Return on capital employed, % | -5.6 | 2.6 | 9.8 | -4.3 | 10.7 |
| Equity ratio, % | 59 | 61 | 61 | 60 | 62 |
| Interest coverage ratio, multiple |
4.9 | 7.7 | 9.3 | 9.1 | 11.4 |
| Debt/equity ratio, multiple | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |
| Net loan-to-value ratio, properties, % | 20.9 | 18.7 | 17.9 | 18.8 | 15.5 |
| Cash flow from current operations, SEK m | 1,385 | 1,024 | 994 | 1,072 | 1,367 |
| Cash flow for the period, SEK m | -71 | -729 | 398 | -923 | 635 |
| Net debt, SEK m | 9,747 | 9,259 | 8,734 | 8,586 | 7,404 |
| Average number of employees in the group 1) | 477 | 441 | 416 | 140 | 135 |
| 1) of which 182 employees in the property operations and 295 employees in NK Retail AB in 2023. | |||||
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.
| 2023 | 2022 | 2021 | 2020 | 2019 | |
| Equity ratio, SEK m | |||||
| Equity | 28,789 | 31,262 | 31,066 | 28,617 | 31,383 |
| Total assets | 48,444 | 51,235 | 51,099 | 47,397 | 50,342 |
| Equity ratio, % | 59 | 61 | 61 | 60 | 62 |
| Interest coverage ratio, SEK m | |||||
| Profit or loss before tax | -2,535 | 904 | 3,726 | -1,833 | 3,968 |
| Reversal of items affecting comparability and changes in value | 2,672 | 209 | -2,579 | 2,894 | -2,731 |
| Interest expense | 289 | 166 | 139 | 132 | 119 |
| Total | 1,426 | 1,279 | 1,286 | 1,193 | 1,356 |
| Interest expense | 289 | 166 | 139 | 132 | 119 |
| Interest coverage ratio, multiple | 4.9 | 7.7 | 9.3 | 9.1 | 11.4 |
| Net loan-to-value ratio, properties, SEK m | |||||
| Interest-bearing liabilities | 9,400 | 9,000 | 9,200 | 8,650 | 8,350 |
| Lease liabilities | 729 | 712 | 716 | 720 | 760 |
| Interest-bearing assets | -382 | -453 | -1,182 | -784 | -1,706 |
| Total | 9,747 | 9,259 | 8,734 | 8,586 | 7,404 |
| Carrying amount, properties | 46,743 | 49,547 | 48,790 | 45,637 | 47,681 |
| Net loan-to-value ratio, properties, % | 20.9 | 18.7 | 17.9 | 18.8 | 15.5 |
| Net debt, SEK m | |||||
| Non-current interest-bearing liabilities | 7,300 | 6,500 | 7,000 | 6,200 | 6,700 |
| Non-current leasing liabilities | 721 | 703 | 707 | 710 | 719 |
| Current interest-bearing liabilities | 2,100 | 2,500 | 2,200 | 2,450 | 1,650 |
| Current leasing liabilities | 8 | 9 | 9 | 10 | 41 |
| Cash and bank holdings | -382 | -453 | -1,182 | -784 | -1,706 |
| Net debt |
9,747 | 9,259 | 8,734 | 8,586 | 7,404 |
