John Hancock Premium Dividend Fund Balance Sheet Health
Financial Health criteria checks 2/6
John Hancock Premium Dividend Fund has a total shareholder equity of $520.6M and total debt of $373.7M, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are $898.2M and $377.6M respectively. John Hancock Premium Dividend Fund's EBIT is $44.2M making its interest coverage ratio 4.1. It has cash and short-term investments of $136.1K.
Key information
71.8%
Debt to equity ratio
US$373.70m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$136.12k |
| Equity | US$520.60m |
| Total liabilities | US$377.60m |
| Total assets | US$898.20m |
Recent financial health updates
No updates
Recent updates
PDT: Don't Be Fooled By The Price Performance, This 9.10%-Yielding Fund Is Not Bad
Feb 19PDT: Worst Performing In Category Now Yields 11%, Is It A Buy?
Oct 23PDT: More Tempting After Discount Opens Up
Aug 20PDT: Income And Gains Potential Means A Lot To Like
Jul 10PDT: Keep An Eye On This Recession-Resistant CEF
Feb 13John Hancock Premium Dividend Fund declares $0.0975 dividend
Jan 04John Hancock Premium Dividend Fund goes ex-dividend tomorrow
Dec 08John Hancock Premium Dividend Fund declares $0.0975 dividend
Oct 31John Hancock Premium Dividend Fund declares $0.0975 dividend
Sep 30PDT: Strong Yield, But High Expense Ratio
Sep 16John Hancock Premium Dividend Fund declares $0.0975 dividend
Sep 01John Hancock Premium Dividend Fund declares $0.0975 dividend
Aug 02John Hancock Premium Dividend Fund declares $0.0975 dividend
Jul 05PDT: Utilities CEF, A Viable Alternative To DNP
Apr 01PDT: A Solid Income Fund But Overpriced
Aug 23Evaluating CEFs: Time To Start Nibbling PDT
Jun 02John Hancock Premium Dividend Fund declares $0.0975 dividend
May 07John Hancock Premium Dividend Fund declares $0.0975 dividend
Feb 01John Hancock Premium Dividend Fund declares $0.0975 dividend
Dec 21John Hancock Premium Dividend Fund declares $0.0975 dividend
Dec 18John Hancock Premium Dividend Fund declares $0.0975 dividend
Dec 01PDT: Approaching Discount Levels That Can Make This Fund Appealing
Nov 02Financial Position Analysis
Short Term Liabilities: PDT's short term assets ($13.9M) do not cover its short term liabilities ($377.3M).
Long Term Liabilities: PDT's short term assets ($13.9M) exceed its long term liabilities ($254.2K).
Debt to Equity History and Analysis
Debt Level: PDT's net debt to equity ratio (71.8%) is considered high.
Reducing Debt: PDT's debt to equity ratio has increased from 55.2% to 71.8% over the past 5 years.
Debt Coverage: PDT's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: PDT's interest payments on its debt are well covered by EBIT (4.1x coverage).