Funding

Humlegården strives for a diversified funding structure with various sources of financing in the bank and capital market. To limit refinancing risk, we endeavour to ensure an evenly distributed maturity structure and aim for average capital tied-up to exceed three years.

Financial risks and targets

  Policy 2024-12-31 2023-12-31
Target                    
Loan-to-value ratio, %

not by active action exceed 50

30,8

32,5
Debt ratio   Not lasting over 13

8,7

9,1
Interest-coverage ratio, multiple

 

4,2

4,1
Interest-coverage ratio, rolling twelve months

min 2.0

 

 4,2 4,1
       
Financing risk        
Capital tied up period, years min 3 4,1 3,0
Loan maturity, 12 months, % max 35 7 21
Loan commitments and cash and
cash equivalents, 5 months, %		 min 100 462 133
       
Interest risk      
Fixed-interest period, years min 2 3,8 4,4
Fixed-interest period, maturity, 12 months, % max 70 13 13
       
Credit risk      
Counterparty rating Lowest A-  fulfilled  fulfilled 
       
Currency risk      
Currency exposure not permitted  fulfilled  fulfilled 


tabell-finansiering.png

Key figures

  2024-12-31 2023-12-31
Secured financing 14 13

Unsecured properties - MV, %

 74 77
     
Green financing    

Share of green financing, %

 100 100

Interest

    

Average interest on the balance sheet date, %

 2,5 2,87

 

Nominal amount
(SEK m) 

Maturity certificate Bonds  Bank loan Total  Share  Interest due Share, %
  198           198      2%    
Year 1       690                0       690      5% 1 657 13%
Year 2     2100                0

   2 100

    16% 2 450 19%
Year 3   1 830         2 040    3 870    30% 1 850 14%
Year 4       0               0          0      0% 1 100 8%
Year 5 or later    2 500         3 598    6 098    47% 5 900 46%
Total           198 7 120         5 638 12 957  100% 12 957 100%