Akelius has a policy to mitigate liquidity and re-financing risks.
cash uses and cash sources 12 months forward, 2024-09-30, MEUR
Akelius prioritizes long-term loans to mitigate
re-financing risks.
The average debt maturity is 2.9 years.
Short-term loans amount to 40 percent of total loans.
debt maturities per year, 2024-09-30, MEUR
Akelius' policy is to be able to withstand a 25 percent decrease in property values.
Such a decrease would increase loan-to-value from 35 to 50 percent.
Akelius' bond terms stipulate that the company cannot take on additional debt or pay any net dividends if the loan-to-value exceeds sixty percent.
Akelius' policy is to be able to withstand a five percentage point increase in interest rates.
Akelius secures interest rates for long periods.
This reduces the effect of sudden interest rate increases.
Akelius' bond terms stipulate that the company cannot take on additional debt or pay any net dividends if the interest coverage ratio is below 1.5.
The risk for not being able to pay interest is mitigated by high liquidity and low leverage.
In the period July 2022 to September 2023, net interest expenses were positive, hence interest coverage ratio can not be calculated.
interest expense, January to September 2024, and liquidity as of 2024-09-30, MEUR
To mitigate negative effects of the change in capitalization rate,
property holdings are diversified across countries.
value change, percent, due to increased capitalization rate, percentage points, 2024-09-30
.