John Hancock Preferredome Fund III's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. John Hancock Preferredome Fund III's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $274.30 Mil. John Hancock Preferredome Fund III's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $451.50 Mil.
John Hancock Preferredome Fund III's debt to equity for the quarter that ended in Jan. 2024 was 0.61.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for John Hancock Preferredome Fund III's Debt-to-Equity or its related term are showing as below:
HPS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.52 Max: 0.63
Current: 0.61
During the past 7 years, the highest Debt-to-Equity Ratio of John Hancock Preferredome Fund III was 0.63. The lowest was 0.46. And the median was 0.52.
John Hancock Preferredome Fund III Debt-to-Equity Historical Data
The historical data trend for John Hancock Preferredome Fund III's Debt-to-Equity can be seen below:
* 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 III Annual Data
|
|
Trend |
Jul17 |
Jul18 |
Jul19 |
Jul20 |
Jul21 |
Jul22 |
Jul23 |
| Debt-to-Equity |
|
|
|
0.52 |
0.49 |
0.46 |
0.54 |
0.63 |
|
John Hancock Preferredome Fund III Semi-Annual Data
|
|
Jul17 |
Jan18 |
Jul18 |
Jan19 |
Jul19 |
Jan20 |
Jul20 |
Jan21 |
Jul21 |
Jan22 |
Jul22 |
Jan23 |
Jul23 |
Jan24 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
0.49 |
0.54 |
0.56 |
0.63 |
0.61 |
Competitive Comparison
For the Asset Management subindustry, John Hancock Preferredome Fund III's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
John Hancock Preferredome Fund III Debt-to-Equity Distribution
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund III's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund III's Debt-to-Equity falls into.
John Hancock Preferredome Fund III Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
John Hancock Preferredome Fund III's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as
John Hancock Preferredome Fund III's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as
* 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 III (John Hancock Preferredome Fund III) Business Description
Traded in Other Exchanges
N/A
Address
200 Berkeley Street, Boston, MA, USA, 02116
John Hancock Preferred Income Fund III is a closed-end, diversified management investment company. Its investment 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. It seeks to achieve the objectives by investing a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. The portfolio composition of the company consists of the U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and the 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 |
director |
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 |
John Hancock Preferredome Fund III (John Hancock Preferredome Fund III) Headlines
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