Is John Hancock Preferred Income Fund II financially healthy?
Not really
John Hancock Preferred Income Fund II carries heavy debt: it would take 9.1 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA9.1 years
Cash vs. debt$239,620 vs. $207M
Interest coverage7.9×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about John Hancock Preferred Income Fund II
Data as of Nov 13, 2026.