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What is John Hancock Preferredome Fund III Debt-to-Equity?
John Hancock Preferredome Fund IIIHPS -0.21%30 Debt-to-Equity is 0.59 as of Jan. 2026, which is 11% above its 10-year median of 0.53. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review. Among 961 Asset Management companies, John Hancock Preferredome Fund III ranks worse than 76.07% 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.
HPS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.53 Max: 0.63
Current: 0.59
During the past 9 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 0.53.
HPS's Debt-to-Equity is ranked worse than 76.07% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs HPS: 0.59
John Hancock Preferredome Fund III (NYSE:HPS) 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 III Debt-to-Equity Related Terms
John Hancock Preferredome Fund III 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 III Debt-to-Equity Chart
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 vs Asset Management Industry
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.
* 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 (HPS) has a Debt-to-Equity of 0.59 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 III and its competitors. This is 11% above median its historical median of 0.53. Over the past decade, John Hancock Preferredome Fund III's Debt-to-Equity has ranged from 0.46 to 0.63. According to the industry distribution chart, John Hancock Preferredome Fund III ranks #731 out of 961 companies in the Asset Management industry, placing it in the top 76.1%.
Is John Hancock Preferredome Fund III's Debt-to-Equity too high?
John Hancock Preferredome Fund III's current Debt-to-Equity of 0.59 is 11% above median its 10-year median of 0.53. 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 III's value of 0.59 is 181% above this industry median. Based on the distribution chart, John Hancock Preferredome Fund III ranks #731 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, John Hancock Preferredome Fund III has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does John Hancock Preferredome Fund III's Debt-to-Equity compare to VVR and KIO?
According to the Asset Management industry distribution chart, John Hancock Preferredome Fund III ranks #731 out of 961 companies for Debt-to-Equity. This places John Hancock Preferredome Fund III in the lower half of its industry. The industry median Debt-to-Equity is 0.21. John Hancock Preferredome Fund III's value of 0.59 is 181% above this benchmark. Historically, John Hancock Preferredome Fund III'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 0.53 vs. the industry median of 0.21, John Hancock Preferredome Fund III 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 961 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 III's current Debt-to-Equity of 0.59 is 181% 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 III 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 III's current Debt-to-Equity is 0.59, which is 11% above median its own 10-year median of 0.53. 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 III stock overvalued right now?
John Hancock Preferredome Fund III (HPS) has a current Debt-to-Equity of 0.59. The current Debt-to-Equity is 0.59, which is 11% above median its 10-year median of 0.53 and 181% above the Asset Management industry median of 0.21. John Hancock Preferredome Fund III'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 III (HPS), the current Debt-to-Equity is 0.59 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 III Business Description
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.
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