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Asia Aviation PCLBKK:AAV 65 Interest Coverage is 3.23 as of Mar. 2026, which is 46% above its 10-year median of 2.21. GuruFocus rates BKK:AAV with a GF Score™ of 65/100 and a GF Value™ of ฿2.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 841 Transportation companies, Asia Aviation PCL ranks worse than 93.22% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Asia Aviation PCL's
Operating Income
for the
three
months ended in Mar. 2026 was ฿2,201 Mil. Asia Aviation PCL's Interest Expense for the
three
months ended in Mar. 2026 was ฿-681 Mil.
Asia Aviation PCL's interest coverage for the quarter that ended in Mar. 2026 was 3.23.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Asia Aviation PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for Asia Aviation PCL's Interest Coverage or its related term are showing as below:
BKK:AAV'
s Interest Coverage Range Over the Past 10 Years
Min: 0.5 Med: 2.21 Max: 7.31
Current: 0.89
BKK:AAV's Interest Coverage is ranked worse than 93.22% of 841
companies
in the Transportation industry
Industry Median: 5.68
vs BKK:AAV: 0.89
Asia Aviation PCL (BKK:AAV) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Asia Aviation PCL Interest Coverage Related Terms
Asia Aviation PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for Asia Aviation PCL's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BKK:AAV vs DAL, UAL, LUV: Interest Coverage Comparison
For the Airlines subindustry, Asia Aviation PCL's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Asia Aviation PCL Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Asia Aviation PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Asia Aviation PCL's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Asia Aviation PCL (BKK:AAV) has a Interest Coverage of 3.23 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Asia Aviation PCL and its competitors. This is 46% above median its historical median of 2.21. Over the past decade, Asia Aviation PCL's Interest Coverage has ranged from 0.50 to 7.31. According to the industry distribution chart, Asia Aviation PCL ranks #784 out of 841 companies in the Transportation industry, placing it in the top 93.2%.
Is Asia Aviation PCL's Interest Coverage too high?
Asia Aviation PCL's current Interest Coverage of 3.23 is 46% above median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 7.31. The Transportation industry median Interest Coverage is 5.68. Asia Aviation PCL's value of 3.23 is 43.1% below this industry median. Based on the distribution chart, Asia Aviation PCL ranks #784 out of 841 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Interest Coverage compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #784 out of 841 companies for Interest Coverage. This places Asia Aviation PCL in the lower half of its industry. The industry median Interest Coverage is 5.68. Asia Aviation PCL's value of 3.23 is 43.1% below this benchmark. Historically, Asia Aviation PCL's own Interest Coverage has ranged from 0.50 to 7.31 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 5.68, Asia Aviation PCL has consistently been below 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 Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.68, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Aviation PCL's current Interest Coverage of 3.23 is 43.1% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Asia Aviation PCL and its competitors. For the Transportation industry, the median Interest Coverage is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current Interest Coverage is 3.23, which is 46% above median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.18, compared to a current price of ฿1.07 — trading 50.9% below its estimated fair value. The current Interest Coverage is 3.23, which is 46% above median its 10-year median of 2.21 and 43.1% below the Transportation industry median of 5.68. Asia Aviation PCL's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Asia Aviation PCL (BKK:AAV), the current Interest Coverage is 3.23 as of Mar. 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.
Is Asia Aviation PCL (BKK:AAV) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued.
The current stock price of ฿1.07 is trading 50.9% below its estimated GF Value™ of ฿2.18.
GuruFocus considers Asia Aviation PCL to be Possible Value Trap.
Key valuation signals for BKK:AAV:
Interest Coverage: 3.23 (46% above median its 10-year median of 2.21)
GF Value™: ฿2.18 vs. price of ฿1.07 (50.9% below fair value)
Industry Position: 43.1% below the Transportation median (#784 of 841)
No single metric tells the full story. See the BKK:AAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressVibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score
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