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 December 2022, shareholder’s equity amounted to SEK 30,028 million. 

At 31 December 2022 Hemsö’s interest-bearing liabilities amounted to SEK 49 567 (48,792) million.


Capital structure, SEK million
  Q4 2022 Q4 2021
Interest-bearing liabilities 49,567 42,498
Cash and cash equivalents


Net debt 49,041


Market value of investment properties 84,879  75,737
Investments in associated companies  1,665   1 271
Total 86,544 77,008
Loan-to-value ratio 56.7%   54.3%
Share of secured debt   0.0 %    0.0%