Finance policy

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.

Financial operations at Hemsö are thus conducted in accordance with the finance policy adopted by the Board of Directors. Responsibility for Hemsö’s financial transactions and risks are managed centrally by the Group’s Finance Department.

Summary Financial Policy at 30 June 2023

Financing risk

Loan-to-value ratio Max. 60 % 60.3 %
Loan maturity At least three years 5.8 years
Debt-coverage ratio At least 125 %  162%

Share of secured debt

Max. 20 %   1.2 %

Interest rate risk

Interest-coverage ratio:  At least 3.0 times (rolling 12-month period) 3.5 times
Fixed-rate period Average fixed-rate period, 3-8 years 5.1 years
Fixed-rate maturity: Max. 40 % within 12 months 26 %

Counterparty risk

Financial instruments: Bank with a minimun credit rating of A- (S&P) Fulfilled

Currency risk

Currency exposure:

Max. 20 % of equity