AIRA Capital PCL (BKK:AIRA) Interest Coverage: 0.33 (As of Mar. 2026) — 56% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:AIRA AIRA Capital PCL BKK:AIRA
45 GF Score
Price ฿1.00
GF Value ฿1.37
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is AIRA Capital PCL Interest Coverage?

AIRA Capital PCL BKK:AIRA -1.96% 45 Interest Coverage is 0.33 as of Mar. 2026, which is 56% below its 10-year median of 0.75. GuruFocus rates BKK:AIRA with a GF Score™ of 45/100 and a GF Value™ of ฿1.37 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 434 Capital Markets companies, AIRA Capital PCL ranks worse than 94.47% 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. AIRA Capital PCL's Operating Income for the three months ended in Mar. 2026 was ฿18 Mil. AIRA Capital PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-53 Mil. AIRA Capital PCL's interest coverage for the quarter that ended in Mar. 2026 was 0.33. 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. AIRA Capital 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 AIRA Capital PCL's Interest Coverage or its related term are showing as below:

BKK:AIRA' s Interest Coverage Range Over the Past 10 Years
Min: 0.37   Med: 0.75   Max: 1.74
Current: 0.72


BKK:AIRA's Interest Coverage is ranked worse than
94.47% of 434 companies
in the Capital Markets industry
Industry Median: 20.55 vs BKK:AIRA: 0.72

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


AIRA Capital PCL  (BKK:AIRA) 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 .


AIRA Capital PCL Interest Coverage Related Terms


AIRA Capital PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for AIRA Capital 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.

AIRA Capital PCL Interest Coverage Chart

AIRA Capital PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 0.55 0.37 0.79 0.50

AIRA Capital PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 Premium Member Only Premium Member Only 0.07 0.32 0.00 2.43 0.33

BKK:AIRA vs MS, GS, SCHW: Interest Coverage Comparison

For the Capital Markets subindustry, AIRA Capital 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.


AIRA Capital PCL Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, AIRA Capital PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AIRA Capital PCL's Interest Coverage falls into.


BKK:AIRA
45GF Score
AIRA Capital PCL BKK:AIRA
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AIRA Capital PCL Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AIRA Capital PCL's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, AIRA Capital PCL's Interest Expense was ฿-223 Mil. Its Operating Income was ฿111 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿876 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*110.933/-222.576
=0.50

AIRA Capital PCL's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, AIRA Capital PCL's Interest Expense was ฿-53 Mil. Its Operating Income was ฿18 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿844 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*17.743/-53.22
=0.33

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.33 mean?
AIRA Capital PCL (BKK:AIRA) has a Interest Coverage of 0.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AIRA Capital PCL and its competitors. This is 56% below median its historical median of 0.75. Over the past decade, AIRA Capital PCL's Interest Coverage has ranged from 0.37 to 1.74. According to the industry distribution chart, AIRA Capital PCL ranks #410 out of 434 companies in the Capital Markets industry, placing it in the top 94.5%.
Is AIRA Capital PCL's Interest Coverage too high?
AIRA Capital PCL's current Interest Coverage of 0.33 is 56% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.74. The Capital Markets industry median Interest Coverage is 20.55. AIRA Capital PCL's value of 0.33 is 98.4% below this industry median. Based on the distribution chart, AIRA Capital PCL ranks #410 out of 434 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, AIRA Capital PCL has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIRA Capital PCL's Interest Coverage compare to MS and GS?
According to the Capital Markets industry distribution chart, AIRA Capital PCL ranks #410 out of 434 companies for Interest Coverage. This places AIRA Capital PCL in the lower half of its industry. The industry median Interest Coverage is 20.55. AIRA Capital PCL's value of 0.33 is 98.4% below this benchmark. Historically, AIRA Capital PCL's own Interest Coverage has ranged from 0.37 to 1.74 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 20.55, AIRA Capital 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 20.55, based on 434 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. AIRA Capital PCL's current Interest Coverage of 0.33 is 98.4% 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 AIRA Capital PCL and its competitors. For the Capital Markets industry, the median Interest Coverage is 20.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIRA Capital PCL's current Interest Coverage is 0.33, which is 56% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIRA Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, AIRA Capital PCL (BKK:AIRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.37, compared to a current price of ฿1.00 — trading 27% below its estimated fair value. The current Interest Coverage is 0.33, which is 56% below median its 10-year median of 0.75 and 98.4% below the Capital Markets industry median of 20.55. AIRA Capital PCL's overall GF Score™ is 45/100 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 AIRA Capital PCL (BKK:AIRA), the current Interest Coverage is 0.33 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 AIRA Capital PCL (BKK:AIRA) Overvalued in 2026?

Based on GuruFocus' analysis, AIRA Capital PCL stock appears to be undervalued. The current stock price of ฿1.00 is trading 27% below its estimated GF Value™ of ฿1.37. GuruFocus considers AIRA Capital PCL to be Modestly Undervalued.

Key valuation signals for BKK:AIRA:

  • Interest Coverage: 0.33 (56% below median its 10-year median of 0.75)
  • GF Value™: ฿1.37 vs. price of ฿1.00 (27% below fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 98.4% below the Capital Markets median (#410 of 434)

No single metric tells the full story. See the BKK:AIRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AIRA Capital PCL Business Description

Address Phayathai Road, No. 319, Chamchuri Square, 12th Floor, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
AIRA Capital PCL is an investment firm investing in other companies. The company operates business segments namely Securities and investment business segment, which services a securities and derivatives brokerage, securities trading and investment; Advisory and investment banking segment, which services an investment and financial advisory, underwriting and private fund management; Factoring segment, which purchases account receivables; Rental and service business segment, which engages in finance lease, hire purchase and operating lease for industrial equipment and machines and Property development segment which involves the development of properties. It derives the majority of its income from brokerage fees, management fees, and interest and dividends on investments.
45GF Score

Get the complete analysis for BKK:AIRA

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.00
Price
฿1.37
GF Value