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 |
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| Loan-to-value ratio | Max. 60 % | 60.3 % |
| Loan maturity | At least three years | 5.8 years |
| Debt-coverage ratio | At least 125 % | 162% |
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Share of secured debt |
Max. 20 % | 1.2 % |
Interest rate risk |
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| 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 |
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| Financial instruments: | Bank with a minimun credit rating of A- (S&P) | Fulfilled |
Currency risk |
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| Currency exposure: |
Max. 20 % of equity |
1.9% |