I need to calculate the Net Debt / EBITDA ratio for 2022 using S&P methodology.

First, let me identify the key components needed:

**EBITDA for 2022 (2022-01-01 to 2023-01-01):**
From the data: "Profit Loss From Operating Activities Before Interest Taxes Depreciation And Amortisation Expense" = 32,057,000,000 DKK

This is EBITDA = 32,057,000,000 DKK

**Net Debt calculation:**
Net Debt = Total Debt - Cash and Cash Equivalents

**Total Debt components:**
From the balance sheet (2023-01-01, which is end of 2022):
- Longterm Borrowings: 60,451,000,000 DKK
- Shortterm Borrowings: 2,830,000,000 DKK
- Current Lease Liabilities: 569,000,000 DKK
- Noncurrent Lease Liabilities: 7,697,000,000 DKK

Total Debt = 60,451,000,000 + 2,830,000,000 + 569,000,000 + 7,697,000,000 = 71,547,000,000 DKK

**Cash and Cash Equivalents:**
From 2023-01-01 (end of 2022): "Cash And Cash Equivalents" = 16,175,000,000 DKK

Wait - let me check. The data shows:
- "Cash" 2023-01-01: 16,178,000,000 DKK
- "Cash And Cash Equivalents" 2023-01-01: 16,175,000,000 DKK

These are slightly different. Let me use "Cash And Cash Equivalents" as it's the standard line item = 16,175,000,000 DKK

Actually, let me re-check: "Cash" 2023-01-01: 16,178,000,000 DKK vs "Cash And Cash Equivalents" 2023-01-01: 16,175,000,000 DKK

Hmm, there's a 3 million difference. Let me use Cash And Cash Equivalents = 16,175,000,000 DKK as that's the standard financial metric.

**Net Debt** = 71,547,000,000 - 16,175,000,000 = 55,372,000,000 DKK

**Net Debt / EBITDA** = 55,372,000,000 / 32,057,000,000 = 1.727

Let me double-check my debt components. Under S&P methodology, debt typically includes:
- Borrowings (short-term and long-term)
- Lease liabilities

Let me verify I haven't missed anything. Looking at current and non-current liabilities:
- Shortterm Borrowings: 2,830,000,000
- Longterm Borrowings: 60,451,000,000
- Current Lease Liabilities: 569,000,000
- Noncurrent Lease Liabilities: 7,697,000,000

Total = 71,547,000,000 DKK

Cash and Cash Equivalents = 16,175,000,000 DKK

Net Debt = 55,372,000,000 DKK

EBITDA = 32,057,000,000 DKK

Ratio = 55,372 / 32,057 = 1.7273...

Let me recalculate more carefully:
55,372,000,000 / 32,057,000,000 = 1.727344...

Rounding to two decimal places: 1.73

Actually, let me verify the EBITDA figure once more. The line item "Profit Loss From Operating Activities Before Interest Taxes Depreciation And Amortisation Expense" for 2022-01-01 to 2023-01-01 is 32,057,000,000 DKK. This is indeed EBITDA.

And let me recheck: 55,372 / 32,057 = 1.7273...

<answer>1.73</answer>