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John Hancock Preferredome FundHPI +0.74%30 Debt-to-Equity is 0.60 as of Jan. 2026, which is 11% above its 10-year median of 0.54. GuruFocus rates HPI with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 963 Asset Management companies, John Hancock Preferredome Fund ranks worse than 76.95% on this metric.
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's Debt-to-Equity or its related term are showing as below:
HPI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.54 Max: 0.63
Current: 0.6
During the past 9 years, the highest Debt-to-Equity Ratio of John Hancock Preferredome Fund was 0.63. The lowest was 0.46. And the median was 0.54.
HPI's Debt-to-Equity is ranked worse than 76.95% of 963
companies
in the Asset Management industry
Industry Median: 0.21
vs HPI: 0.60
John Hancock Preferredome Fund (NYSE:HPI) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
John Hancock Preferredome Fund Debt-to-Equity Related Terms
John Hancock Preferredome Fund Debt-to-Equity Historical Data
* 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 Debt-to-Equity Chart
For the Asset Management subindustry, John Hancock Preferredome Fund'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 Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, John Hancock Preferredome Fund's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where John Hancock Preferredome Fund's Debt-to-Equity falls into.
* 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 (HPI) has a Debt-to-Equity of 0.60 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on John Hancock Preferredome Fund and its competitors. This is 11% above median its historical median of 0.54. Over the past decade, John Hancock Preferredome Fund's Debt-to-Equity has ranged from 0.46 to 0.63. According to the industry distribution chart, John Hancock Preferredome Fund ranks #741 out of 963 companies in the Asset Management industry, placing it in the top 76.9%.
Is John Hancock Preferredome Fund's Debt-to-Equity too high?
John Hancock Preferredome Fund's current Debt-to-Equity of 0.60 is 11% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.63. The Asset Management industry median Debt-to-Equity is 0.21. John Hancock Preferredome Fund's value of 0.60 is 185.7% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund ranks #741 out of 963 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, John Hancock Preferredome Fund has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund's Debt-to-Equity compare to GLAD and FFA?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund ranks #741 out of 963 companies for Debt-to-Equity. This places John Hancock Preferredome Fund in the lower half of its industry. The industry median Debt-to-Equity is 0.21. John Hancock Preferredome Fund's value of 0.60 is 185.7% above this benchmark. Historically, John Hancock Preferredome Fund's own Debt-to-Equity has ranged from 0.46 to 0.63 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.21, John Hancock Preferredome Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. John Hancock Preferredome Fund's current Debt-to-Equity of 0.60 is 185.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on John Hancock Preferredome Fund and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. John Hancock Preferredome Fund's current Debt-to-Equity is 0.60, which is 11% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Hancock Preferredome Fund stock overvalued right now?
John Hancock Preferredome Fund (HPI) has a current Debt-to-Equity of 0.60. The current Debt-to-Equity is 0.60, which is 11% above median its 10-year median of 0.54 and 185.7% above the Asset Management industry median of 0.21. John Hancock Preferredome Fund's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For John Hancock Preferredome Fund (HPI), the current Debt-to-Equity is 0.60 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
John Hancock Preferredome Fund Business Description
John Hancock Preferred Income Fund is a closed-end, diversified management investment company. Its primary 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 its investment objectives by investing in securities that may be undervalued relative to similar securities in the marketplace. The fund's principal investment strategies include investing a majority of its assets in preferred stocks and other preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, and short-term investments.
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