The overall objective of Hemsö’s financial operations is to ensure a long-term, stable capital structure, and to achieve the best possible financial net within the given risk frameworks.

Finance policy

Responsibility for Hemsö’s financial transactions and risks are managed centrally by the Group’s Finance Department. Work is conducted according to the Group’s finance policy, which is adopted by the Board of Directors. 

Capital structure

Hemsö is currently partly financed with capital from owners in the form of shareholder’s equity and through external financing. At 31 March 2023, shareholder’s equity amounted to SEK 29,581 million. 

At 31 March 2023 Hemsö’s interest-bearing liabilities amounted to SEK 50 535 (44,375) million.


Capital structure, SEK million
  Q1 2023 Q1 2022
Interest-bearing liabilities 50,535 44,375
Cash and cash equivalents


Net debt 49,526


Market value of investment properties 84,784  79,987
Investments in joint venture  1,709   1 363
Total 86,493 81,350
Loan-to-value ratio 57.3%   53.6%
Share of secured debt   1.2 %    0.0%