To estimate the Net Debt / EBITDA ratio for Ørsted A/S for 2022 according to standard S&P methodology, we first identify the components:

1.  **EBITDA**: The provided report explicitly states "Profit Loss From Operating Activities Before Interest Taxes Depreciation And Amortisation Expense" for 2022 (2022-01-01 to 2023-01-01) as 32,057,000,000 DKK.

2.  **Net Debt**: This is typically calculated as Interest-bearing debt minus Cash and Cash Equivalents. Based on the 2023-01-01 balance sheet:
    *   **Interest-bearing debt**:
        *   Longterm Borrowings: 60,451,000,000 DKK
        *   Shortterm Borrowings: 2,830,000,000 DKK
        *   Noncurrent Lease Liabilities: 7,697,000,000 DKK
        *   Current Lease Liabilities: 569,000,000 DKK
        *   *Total Interest-bearing Debt*: 71,547,000,000 DKK
    *   **Cash**: 16,178,000,000 DKK (using the figure provided for "Cash" at 2023-01-01).
    *   **Net Debt** = 71,547,000,000 - 16,178,000,000 = 55,369,000,000 DKK.

3.  **Calculation**:
    *   Ratio = Net Debt / EBITDA
    *   Ratio = 55,369,000,000 / 32,057,000,000 ≈ 1.7272

(Note: Hybrid capital of 19,793,000,000 DKK is classified as equity in the financial statements and typically treated as having a 50% equity content under S&P methodology; however, even if fully excluded from debt, the standard interpretation of net debt based on reported interest-bearing liabilities and cash is the primary calculation method.)

<answer>1.7272</answer>