Key ratios per year - Group

Below you will find Hufvudstaden's key ratios per year for the past five years as well as accumulated figures for the current year.
  Q2 2021 2020 2019 2018 2017
Return on equity, % 4.2 -4.9 10.4 14.1 12.5
Return on capital employed, % 4.3 -4.3 10.7 14.7 13.2
Equity ratio, % 60 60 62 64 63
Interest coverage ratio, multiple
9.4 9.1 11.4 10.5 9.3
Debt/equity ratio, multiple 0.3 0.3 0.2 0.2 0.2
Net loan-to-value ratio, properties, % 19.4 18.8 15.5 14.2 14.6
Cash flow from current operations, SEK m 420 1,072 1,367 1,003 999
Cash flow for the period, SEK m -206 -923 635 676 -719
Net debt, SEK m 8,993 8,586 7,404 6,279 5,805
Average number of employees in the group   140 135 127 118

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.

  2020 2019 2018 2017 2016
Equity ratio, SEK m          
Equity 28,617 31,383 29,000 25,402 23,047
Total assets 47,397 50,342 45,375 40,295 37,709
Equity ratio, % 60 62 64 63 61
           
Interest coverage ratio, SEK m          
Profit or loss before tax -1,833 3,968 4,820 3,895 5,284
Reversal of items affecting comparability and changes in value 2,894 -2,731 -3,647 -2,771 -4,205
Interest expense 132 119 123 136 141
Total 1,193 1,356 1,296 1,260 1,220
Interest expense 132 119 123 136 141
Interest coverage ratio, multiple 9.1 11.4 10.5 9.3 8.6
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 8,650 8,350 7,350 6,200 6,650
Lease liabilities 720 760      
Interest-bearing assets -784 -1,706 -1,071 -395 -1 114
Total 8,586 7,404 6,279 5,805 5,536
Carrying amount, properties 45,637 47,681 44,089 39,730 36,524
Net loan-to-value ratio, properties, % 18.8 15.5 14.2 14.6 15.2
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,200 6,700 5,700 3,700 4,000
Non-current leasing liabilities 710 719      
Current interest-bearing liabilities 2,450 1,650 1,650 2,500 2,650
Current leasing liabilities 10 41      
Cash and bank holdings -784 -1,706 -1,071 -395 -1 114
Net debt
8,586 7,404 6,279 5,805 5,536