HPS (John Hancock Preferredome Fund III) LT-Debt-to-Total-Asset: 0.37 (As of Jan. 2026)


HPS John Hancock Preferred Income Fund III HPS
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What is John Hancock Preferredome Fund III LT-Debt-to-Total-Asset?

John Hancock Preferredome Fund III HPS -0.21% 30 LT-Debt-to-Total-Asset is 0.37 as of Jan. 2026. GuruFocus rates HPS with a GF Score™ of 30/100. The stock has 6 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. John Hancock Preferredome Fund III's long-term debt to total assests ratio for the quarter that ended in Jan. 2026 was 0.37.

John Hancock Preferredome Fund III's long-term debt to total assets ratio increased from Jan. 2025 (0.37) to Jan. 2026 (0.37). It may suggest that John Hancock Preferredome Fund III is progressively becoming more dependent on debt to grow their business.

John Hancock Preferredome Fund III  (NYSE:HPS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

John Hancock Preferredome Fund III LT-Debt-to-Total-Asset Related Terms

John Hancock Preferredome Fund III LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for John Hancock Preferredome Fund III's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

John Hancock Preferredome Fund III Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.31 0.35 0.38 0.37 0.37

John Hancock Preferredome Fund III Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.37 0.37 0.37 0.37
HPS
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John Hancock Preferred Income Fund III HPS
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John Hancock Preferredome Fund III LT-Debt-to-Total-Asset Calculation

John Hancock Preferredome Fund III's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2025 is calculated as

LT Debt to Total Assets (A: Jul. 2025 )=Long-Term Debt & Capital Lease Obligation (A: Jul. 2025 )/Total Assets (A: Jul. 2025 )
=274.3/734.404
=0.37

John Hancock Preferredome Fund III's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2026 is calculated as

LT Debt to Total Assets (Q: Jan. 2026 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2026 )/Total Assets (Q: Jan. 2026 )
=274.3/740.841
=0.37

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.37 mean?
John Hancock Preferredome Fund III (HPS) has a LT-Debt-to-Total-Asset of 0.37 as of Jan. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on John Hancock Preferredome Fund III and its competitors.
Is John Hancock Preferredome Fund III's LT-Debt-to-Total-Asset too high?
John Hancock Preferredome Fund III's current LT-Debt-to-Total-Asset is 0.37. 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 LT-Debt-to-Total-Asset compare to NBB and VVR?
John Hancock Preferredome Fund III's LT-Debt-to-Total-Asset of 0.37 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Asset Management company?
A good LT-Debt-to-Total-Asset depends on the Asset Management industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on John Hancock Preferredome Fund III and its competitors. John Hancock Preferredome Fund III's current LT-Debt-to-Total-Asset is 0.37. 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 LT-Debt-to-Total-Asset of 0.37. The current LT-Debt-to-Total-Asset is 0.37. 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For John Hancock Preferredome Fund III (HPS), the current LT-Debt-to-Total-Asset is 0.37 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

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.
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