Bangkok Airways PCL (BKK:BA) Interest Coverage: 5.46 (As of Mar. 2026) — 269% Above Median


BKK:BA Bangkok Airways PCL BKK:BA
67 GF Score
Price ฿18.30
GF Value ฿19.49
Valuation Fairly Valued
! 8 Warning Signs
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What is Bangkok Airways PCL Interest Coverage?

Bangkok Airways PCL BKK:BA -0.54% 67 Interest Coverage is 5.46 as of Mar. 2026, which is 269% above its 10-year median of 1.48. GuruFocus rates BKK:BA with a GF Score™ of 67/100 and a GF Value™ of ฿19.49 (Fairly Valued). The stock has 8 warning signs investors should review. Among 845 Transportation companies, Bangkok Airways PCL ranks worse than 66.98% 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. Bangkok Airways PCL's Operating Income for the three months ended in Mar. 2026 was ฿2,587 Mil. Bangkok Airways PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-473 Mil. Bangkok Airways PCL's interest coverage for the quarter that ended in Mar. 2026 was 5.46. 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. Bangkok Airways PCL interest coverage is 3.19, which is low.

The historical rank and industry rank for Bangkok Airways PCL's Interest Coverage or its related term are showing as below:

BKK:BA' s Interest Coverage Range Over the Past 10 Years
Min: 0.02   Med: 1.48   Max: 3.19
Current: 3.19


BKK:BA's Interest Coverage is ranked worse than
66.98% of 845 companies
in the Transportation industry
Industry Median: 5.66 vs BKK:BA: 3.19

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


Bangkok Airways PCL  (BKK:BA) 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 .


Bangkok Airways PCL Interest Coverage Related Terms


Bangkok Airways PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Bangkok Airways 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.

Bangkok Airways PCL Interest Coverage Chart

Bangkok Airways 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 0.00 0.00 1.22 2.67 2.96

Bangkok Airways 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 4.52 1.18 2.54 4.58 5.46

BKK:BA vs DAL, UAL, LUV: Interest Coverage Comparison

For the Airlines subindustry, Bangkok Airways 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.


Bangkok Airways PCL Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Airways PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bangkok Airways PCL's Interest Coverage falls into.


BKK:BA
67GF Score
Bangkok Airways PCL BKK:BA
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangkok Airways 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.

Bangkok Airways 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, Bangkok Airways PCL's Interest Expense was ฿-1,696 Mil. Its Operating Income was ฿5,019 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿21,163 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*5019.351/-1695.502
=2.96

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

Here, for the three months ended in Mar. 2026, Bangkok Airways PCL's Interest Expense was ฿-473 Mil. Its Operating Income was ฿2,587 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿20,852 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*2586.556/-473.345
=5.46

* 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 5.46 mean?
Bangkok Airways PCL (BKK:BA) has a Interest Coverage of 5.46 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bangkok Airways PCL and its competitors. This is 269% above median its historical median of 1.48. Over the past decade, Bangkok Airways PCL's Interest Coverage has ranged from 0.02 to 3.19. According to the industry distribution chart, Bangkok Airways PCL ranks #566 out of 845 companies in the Transportation industry, placing it in the top 67%.
Is Bangkok Airways PCL's Interest Coverage too high?
Bangkok Airways PCL's current Interest Coverage of 5.46 is 269% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 3.19. The Transportation industry median Interest Coverage is 5.66. Bangkok Airways PCL's value of 5.46 is 3.5% below this industry median. Based on the distribution chart, Bangkok Airways PCL ranks #566 out of 845 companies in the Transportation industry, which is below the industry midpoint. Overall, Bangkok Airways PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Airways PCL's Interest Coverage compare to DAL and UAL?
According to the Transportation industry distribution chart, Bangkok Airways PCL ranks #566 out of 845 companies for Interest Coverage. This places Bangkok Airways PCL in the lower half of its industry. The industry median Interest Coverage is 5.66. Bangkok Airways PCL's value of 5.46 is 3.5% below this benchmark. Historically, Bangkok Airways PCL's own Interest Coverage has ranged from 0.02 to 3.19 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 5.66, Bangkok Airways 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 5.66, based on 845 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. Bangkok Airways PCL's current Interest Coverage of 5.46 is 3.5% 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 Bangkok Airways PCL and its competitors. For the Transportation industry, the median Interest Coverage is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Airways PCL's current Interest Coverage is 5.46, which is 269% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Airways PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Airways PCL (BKK:BA) is currently considered Fairly Valued. The stock's GF Value™ is ฿19.49, compared to a current price of ฿18.30 — trading 6.1% below its estimated fair value. The current Interest Coverage is 5.46, which is 269% above median its 10-year median of 1.48 and 3.5% below the Transportation industry median of 5.66. Bangkok Airways PCL's overall GF Score™ is 67/100 with 8 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 Bangkok Airways PCL (BKK:BA), the current Interest Coverage is 5.46 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 Bangkok Airways PCL (BKK:BA) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Airways PCL stock appears to be undervalued. The current stock price of ฿18.30 is trading 6.1% below its estimated GF Value™ of ฿19.49. GuruFocus considers Bangkok Airways PCL to be Fairly Valued.

Key valuation signals for BKK:BA:

  • Interest Coverage: 5.46 (269% above median its 10-year median of 1.48)
  • GF Value™: ฿19.49 vs. price of ฿18.30 (6.1% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 3.5% below the Transportation median (#566 of 845)

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


Bangkok Airways PCL Business Description

Other Exchanges 8BA:Germany
Address 99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of its revenue is from the Airline segment. It mainly operates in Thailand.
67GF Score

Get the complete analysis for BKK:BA

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

฿18.30
Price
฿19.49
GF Value