Asia Plus Group Holdings PCL (BKK:ASP) Interest Coverage: 10.32 (As of Mar. 2026) — Near Median


BKK:ASP Asia Plus Group Holdings PCL BKK:ASP
69 GF Score
Price ฿2.16
GF Value ฿2.20
Valuation Fairly Valued
! 6 Warning Signs
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What is Asia Plus Group Holdings PCL Interest Coverage?

Asia Plus Group Holdings PCL BKK:ASP 69 Interest Coverage is 10.32 as of Mar. 2026, which is 9% below its 10-year median of 11.37. GuruFocus rates BKK:ASP with a GF Score™ of 69/100 and a GF Value™ of ฿2.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 430 Capital Markets companies, Asia Plus Group Holdings PCL ranks better than 66.05% 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 Plus Group Holdings PCL's Operating Income for the three months ended in Mar. 2026 was ฿109 Mil. Asia Plus Group Holdings PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-11 Mil. Asia Plus Group Holdings PCL's interest coverage for the quarter that ended in Mar. 2026 was 10.32. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Asia Plus Group Holdings PCL has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Asia Plus Group Holdings PCL's Interest Coverage or its related term are showing as below:

BKK:ASP' s Interest Coverage Range Over the Past 10 Years
Min: 6.3   Med: 11.37   Max: 102.35
Current: 102.35


BKK:ASP's Interest Coverage is ranked better than
66.05% of 430 companies
in the Capital Markets industry
Industry Median: 19.375 vs BKK:ASP: 102.35

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


Asia Plus Group Holdings PCL  (BKK:ASP) 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 Plus Group Holdings PCL Interest Coverage Related Terms


Asia Plus Group Holdings PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Asia Plus Group Holdings 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.

Asia Plus Group Holdings PCL Interest Coverage Chart

Asia Plus Group Holdings 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 28.12 14.01 11.85 7.53 6.30

Asia Plus Group Holdings 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 0.20 2.11 9.86 0.00 10.32

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

For the Capital Markets subindustry, Asia Plus Group Holdings 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 Plus Group Holdings PCL Interest Coverage vs Capital Markets Industry

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

* The bar in red indicates where Asia Plus Group Holdings PCL's Interest Coverage falls into.


BKK:ASP
69GF Score
Asia Plus Group Holdings PCL BKK:ASP
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Plus Group Holdings 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.

Asia Plus Group Holdings 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, Asia Plus Group Holdings PCL's Interest Expense was ฿-26 Mil. Its Operating Income was ฿162 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿129 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*162.421/-25.781
=6.30

Asia Plus Group Holdings PCL's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Asia Plus Group Holdings PCL's Interest Expense was ฿-11 Mil. Its Operating Income was ฿109 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿162 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*109.019/-10.562
=10.32

* 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 10.32 mean?
Asia Plus Group Holdings PCL (BKK:ASP) has a Interest Coverage of 10.32 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Asia Plus Group Holdings PCL and its competitors. This is near median its historical median of 11.37. Over the past decade, Asia Plus Group Holdings PCL's Interest Coverage has ranged from 6.30 to 102.35. According to the industry distribution chart, Asia Plus Group Holdings PCL ranks #146 out of 430 companies in the Capital Markets industry, placing it in the top 34%.
Is Asia Plus Group Holdings PCL's Interest Coverage too high?
Asia Plus Group Holdings PCL's current Interest Coverage of 10.32 is near median its 10-year median of 11.37. Over the past 10 years, this metric has ranged from a low of 6.30 to a high of 102.35. The Capital Markets industry median Interest Coverage is 19.38. Asia Plus Group Holdings PCL's value of 10.32 is 46.7% below this industry median. Based on the distribution chart, Asia Plus Group Holdings PCL ranks #146 out of 430 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Asia Plus Group Holdings PCL has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Plus Group Holdings PCL's Interest Coverage compare to MS and GS?
According to the Capital Markets industry distribution chart, Asia Plus Group Holdings PCL ranks #146 out of 430 companies for Interest Coverage. This puts Asia Plus Group Holdings PCL in the upper half of its industry. The industry median Interest Coverage is 19.38. Asia Plus Group Holdings PCL's value of 10.32 is 46.7% below this benchmark. Historically, Asia Plus Group Holdings PCL's own Interest Coverage has ranged from 6.30 to 102.35 over the past decade. While the company's 10-year median is 11.37 vs. the industry median of 19.38, Asia Plus Group Holdings 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 19.38, based on 430 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 Plus Group Holdings PCL's current Interest Coverage of 10.32 is 46.7% 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 Plus Group Holdings PCL and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Plus Group Holdings PCL's current Interest Coverage is 10.32, which is near median its own 10-year median of 11.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Plus Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL (BKK:ASP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.20, compared to a current price of ฿2.16 — trading 1.8% below its estimated fair value. The current Interest Coverage is 10.32, which is near median its 10-year median of 11.37 and 46.7% below the Capital Markets industry median of 19.38. Asia Plus Group Holdings PCL's overall GF Score™ is 69/100 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 Plus Group Holdings PCL (BKK:ASP), the current Interest Coverage is 10.32 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 Plus Group Holdings PCL (BKK:ASP) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be undervalued. The current stock price of ฿2.16 is trading 1.8% below its estimated GF Value™ of ฿2.20. GuruFocus considers Asia Plus Group Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:ASP:

  • Interest Coverage: 10.32 (near median its 10-year median of 11.37)
  • GF Value™: ฿2.20 vs. price of ฿2.16 (1.8% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 46.7% below the Capital Markets median (#146 of 430)

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


Asia Plus Group Holdings PCL Business Description

Address No. 175, South Sathorn Road, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
69GF Score

Get the complete analysis for BKK:ASP

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

฿2.16
Price
฿2.20
GF Value