To estimate the S&P-adjusted FFO-to-debt ratio for Ørsted A/S for the fiscal year 2022, we follow the steps below based on the provided data.

**Step 1: Identify the Industry**
Ørsted A/S is an energy company primarily focused on renewable energy (wind, etc.). Based on the methodologies, it falls under the "Unregulated Power and Gas" category.

**Step 2: Estimate Adjusted_EBITDA**
- Reported EBITDA: 32,057,000,000 DKK
- Lease adjustment: In the absence of detailed specific depreciation splits for leases, we use the total lease liability to estimate impact, but typically S&P adds back lease interest (already in finance costs) and adjusts EBITDA by lease payments. Given the data, we use the reported EBITDA as the primary proxy.
- Normalization (Gains/Losses on disposal): The report notes 331,000,000 DKK in gains on disposals of investments. We exclude non-recurring items.
- Adjusted_EBITDA = 32,057,000,000 DKK - 331,000,000 DKK = 31,726,000,000 DKK.

**Step 3: Estimate FFO**
- FFO = Adjusted_EBITDA - cash_interest - cash_taxes
- Interest Paid (Operating): 8,548,000,000 DKK
- Income Taxes Paid (Operating): 1,263,000,000 DKK
- FFO = 31,726,000,000 - 8,548,000,000 - 1,263,000,000 = 21,915,000,000 DKK.

**Step 4: Estimate Adjusted_Debt**
- Reported Debt (Long-term borrowings + Short-term borrowings): 31,502,000,000 + 19,493,000,000 = 50,995,000,000 DKK.
- Lease Liabilities (Current + Noncurrent): 720,000,000 + 6,812,000,000 = 7,532,000,000 DKK.
- Hybrid Capital: Ørsted classifies this as equity. S&P often applies a 50% equity content adjustment. Hybrid Capital = 17,984,000,000 DKK. 50% = 8,992,000,000 DKK.
- Cash (eligible): 8,624,000,000 DKK.
- Adjusted_Debt = 50,995,000,000 (Borrowings) + 7,532,000,000 (Leases) + 8,992,000,000 (Hybrid adjustment) - 8,624,000,000 (Cash) = 58,895,000,000 DKK.

**Step 5: Calculate FFO / Adjusted_Debt**
- Ratio = 21,915,000,000 / 58,895,000,000 = 0.372102...

Rounding to four decimal places, we get 0.3721.

<answer>0.3721</answer>