John Hancock Preferredome Fund II has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate John Hancock Preferredome Fund II's interest coverage with the available data.
John Hancock Preferredome Fund II's debt to revenue ratio for the quarter that ended in Jan. 2024 was 3.73.
Altman Z-Score does not apply to banks and insurance companies.
John Hancock Preferredome Fund II Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
John Hancock Preferredome Fund II's Interest Expense for the
months ended in Jan. 2024 was $-6.41 Mil. Its Operating Income for the
months ended in Jan. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $206.70 Mil.
John Hancock Preferredome Fund II's Interest Coverage for the quarter that ended in Jan. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
John Hancock Preferredome Fund II's Debt to Revenue Ratio for the quarter that ended in Jan. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
John Hancock Preferredome Fund II (John Hancock Preferredome Fund II) Business Description
Traded in Other Exchanges
N/A
Address
200 Berkeley Street, Boston, MA, USA, 02116
John Hancock Preferred Income Fund II is the United States based closed-end, diversified management investment company. Its primary objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The fund's principal investment strategies include to invests a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, capital preferred securities and short-term investments.
Executives
| Dean Garfield |
director |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Noni L Ellison |
director |
TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027 |
| Andy Mcfetridge |
officer: Director of the Adviser |
200 BERKELEY STREET, BOSTON MA 02116 |
| Kristie Feinberg |
officer: President & CEO of the Adviser |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| York Lo |
officer: Vice President, Investments |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Kathryn Hayes |
other: Filer and Employee of the Fund |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Patricia Lizarraga |
director |
C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116 |
| Paul Lorentz |
director |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Arthur Pigott |
officer: VP of the Adviser |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Glen J Gibbons |
officer: VP of the Adviser |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
| Frances G Rathke |
other: Trustee of the Fund |
C/O GREEN MOUNTAIN COFFEE ROASTERS, INC., 33 COFFEE LANE, WATERBURY VT 05676 |
| Brian Macphee |
officer: Vice President of the Adviser |
C/O JOHN HANCOCK, 164 CORPORATE DRIVE, PORTSMOUTH NH 03801 |
| Steven R Pruchansky |
other: Trustee, the Fund |
C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210 |
| Sean Speer |
officer: Vice President of the Adviser |
C/O JOHN HANCOCK, 197 CLARENDON STREET, BOSTON MA 02116 |
| Michael Tassinari |
officer: Vice President of the Adviser |
C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116 |
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