BCPG PCL (BKK:BCPG) Interest Coverage: 0.37 (As of Mar. 2026) — 88% 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:BCPG BCPG PCL BKK:BCPG
79 GF Score
Price ฿7.10
GF Value ฿6.64
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is BCPG PCL Interest Coverage?

BCPG PCL BKK:BCPG -3.40% 79 Interest Coverage is 0.37 as of Mar. 2026, which is 88% below its 10-year median of 3.18. GuruFocus rates BKK:BCPG with a GF Score™ of 79/100 and a GF Value™ of ฿6.64 (Fairly Valued). The stock has 8 warning signs investors should review. Among 323 Utilities - Independent Power Producers companies, BCPG PCL ranks worse than 85.45% 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. BCPG PCL's Operating Income for the three months ended in Mar. 2026 was ฿103 Mil. BCPG PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-281 Mil. BCPG PCL's interest coverage for the quarter that ended in Mar. 2026 was 0.37. 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. BCPG 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 BCPG PCL's Interest Coverage or its related term are showing as below:

BKK:BCPG' s Interest Coverage Range Over the Past 10 Years
Min: 0.78   Med: 3.18   Max: 5.63
Current: 0.82


BKK:BCPG's Interest Coverage is ranked worse than
85.45% of 323 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.92 vs BKK:BCPG: 0.82

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


BCPG PCL  (BKK:BCPG) 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 .


BCPG PCL Interest Coverage Related Terms


BCPG PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for BCPG 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.

BCPG PCL Interest Coverage Chart

BCPG 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 3.15 3.21 1.62 1.08 0.78

BCPG 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 0.27 0.43 1.44 1.05 0.37

BCPG PCL Interest Coverage Competitor Comparison

For the Utilities - Renewable subindustry, BCPG 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.


BCPG PCL Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, BCPG PCL's Interest Coverage distribution charts can be found below:

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


BKK:BCPG
79GF Score
BCPG PCL BKK:BCPG
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BCPG 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.

BCPG 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, BCPG PCL's Interest Expense was ฿-1,145 Mil. Its Operating Income was ฿894 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿22,933 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*894.337/-1145.478
=0.78

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

Here, for the three months ended in Mar. 2026, BCPG PCL's Interest Expense was ฿-281 Mil. Its Operating Income was ฿103 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿21,166 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*103.267/-281.233
=0.37

* 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 0.37 mean?
BCPG PCL (BKK:BCPG) has a Interest Coverage of 0.37 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on BCPG PCL and its competitors. This is 88% below median its historical median of 3.18. Over the past decade, BCPG PCL's Interest Coverage has ranged from 0.78 to 5.63. According to the industry distribution chart, BCPG PCL ranks #276 out of 323 companies in the Utilities - Independent Power Producers industry, placing it in the top 85.4%.
Is BCPG PCL's Interest Coverage too high?
BCPG PCL's current Interest Coverage of 0.37 is 88% below median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 5.63. The Utilities - Independent Power Producers industry median Interest Coverage is 2.92. BCPG PCL's value of 0.37 is 87.3% below this industry median. Based on the distribution chart, BCPG PCL ranks #276 out of 323 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, BCPG PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BCPG PCL's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BCPG PCL ranks #276 out of 323 companies for Interest Coverage. This places BCPG PCL in the lower half of its industry. The industry median Interest Coverage is 2.92. BCPG PCL's value of 0.37 is 87.3% below this benchmark. Historically, BCPG PCL's own Interest Coverage has ranged from 0.78 to 5.63 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 2.92, BCPG 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.92, based on 323 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. BCPG PCL's current Interest Coverage of 0.37 is 87.3% 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 BCPG PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCPG PCL's current Interest Coverage is 0.37, which is 88% below median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCPG PCL stock overvalued right now?
Based on GuruFocus' analysis, BCPG PCL (BKK:BCPG) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.64, compared to a current price of ฿7.10 — trading 6.9% above its estimated fair value. The current Interest Coverage is 0.37, which is 88% below median its 10-year median of 3.18 and 87.3% below the Utilities - Independent Power Producers industry median of 2.92. BCPG PCL's overall GF Score™ is 79/100 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 BCPG PCL (BKK:BCPG), the current Interest Coverage is 0.37 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 BCPG PCL (BKK:BCPG) Overvalued in 2026?

Based on GuruFocus' analysis, BCPG PCL stock appears to be overvalued. The current stock price of ฿7.10 is trading 6.9% above its estimated GF Value™ of ฿6.64. GuruFocus considers BCPG PCL to be Fairly Valued.

Key valuation signals for BKK:BCPG:

  • Interest Coverage: 0.37 (88% below median its 10-year median of 3.18)
  • GF Value™: ฿6.64 vs. price of ฿7.10 (6.9% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 87.3% below the Utilities - Independent Power Producers median (#276 of 323)

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


BCPG PCL Business Description

Other Exchanges 8BCN:Germany
Address Sukhumvit Road, 2098 M Tower Building, 12th Floor, Phra Khanong Tai, Phrakanong, Bangkok, THA, 10260
BCPG PCL operates in clean and environmentally friendly renewable power businesses. Its activities include the production and distribution of electricity from green energy, including other related products and services, and investment in alternative energy businesses. Its businesses include renewable energy with solar power, hydropower, wind power, and natural gas. Its green businesses are Power Business, Smart Energy Solutions, and Infrastructure. The Group has two reportable segments: production and distribution of electricity, and oil storage and seaport services. Geographically, the business presence is across Thailand, Laos, Taiwan, and Japan, of which Thailand accounts for the majority of the revenue.
79GF Score

Get the complete analysis for BKK:BCPG

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

฿7.10
Price
฿6.64
GF Value