John Hancock Preferred Income Fund II Balance Sheet Health
Financial Health criteria checks 2/6
John Hancock Preferred Income Fund II has a total shareholder equity of $338.3M and total debt of $206.7M, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are $546.4M and $208.2M respectively. John Hancock Preferred Income Fund II's EBIT is $34.4M making its interest coverage ratio 3.9. It has cash and short-term investments of $250.4K.
Key information
61.1%
Debt to equity ratio
US$206.70m
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$250.41k |
| Equity | US$338.29m |
| Total liabilities | US$208.15m |
| Total assets | US$546.45m |
Recent financial health updates
No updates
Recent updates
HPF: Very Good Fixed-Income Fund, But Could Be Overpriced
Apr 05HPF: Take Some Gains, But Do Not Abandon This CEF Completely
Jan 16John Hancock Preferred Income Fund II: Why Investors Should Consider A Switch
Sep 27HPF: Attractive 8.5% Yield, But May Not Be Sustainable
Feb 02John Hancock Preferred Income Fund II declares $0.1235 dividend
Jan 04John Hancock Preferred Income Fund II goes ex-dividend tomorrow
Dec 08John Hancock Preferred Income Fund II declares $0.1235 dividend
Nov 03John Hancock Preferred Income Fund II declares $0.1235 dividend
Oct 03John Hancock Preferred Income Fund II declares $0.1235 dividend
Sep 01John Hancock Preferred Income Fund II declares $0.1235 dividend
Aug 02John Hancock Preferred Income Fund II declares $0.1235 dividend
Jul 05HPF: Preferred Shares And Corporate Bonds CEF
Feb 09John Hancock Preferred Income Fund II declares $0.1235 dividend
May 07John Hancock Preferred Income Fund II declares $0.1235 dividend
Feb 01John Hancock Preferred Income Fund II declares $0.1235 dividend
Jan 04John Hancock Preferred CEFs Relatively Cheap, For A Reason?
Dec 04John Hancock Preferred Income Fund II declares $0.1235 dividend
Dec 01Financial Position Analysis
Short Term Liabilities: HPF's short term assets ($6.8M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: HPF's short term assets ($6.8M) do not cover its long term liabilities ($206.8M).
Debt to Equity History and Analysis
Debt Level: HPF's net debt to equity ratio (61%) is considered high.
Reducing Debt: HPF's debt to equity ratio has increased from 55.5% to 61.1% over the past 5 years.
Debt Coverage: HPF's debt is not well covered by operating cash flow (15%).
Interest Coverage: HPF's interest payments on its debt are well covered by EBIT (3.9x coverage).