Index International Group PCL (BKK:IND) Interest Coverage: 45.95 (As of Mar. 2026) — 35% Above Median


BKK:IND Index International Group PCL BKK:IND
87 GF Score
Price ฿0.89
GF Value ฿1.37
Valuation Possible Value Trap
! 4 Warning Signs
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What is Index International Group PCL Interest Coverage?

Index International Group PCL BKK:IND +1.14% 87 Interest Coverage is 45.95 as of Mar. 2026, which is 35% above its 10-year median of 33.96. GuruFocus rates BKK:IND with a GF Score™ of 87/100 and a GF Value™ of ฿1.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,349 Construction companies, Index International Group PCL ranks better than 87.47% 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. Index International Group PCL's Operating Income for the three months ended in Mar. 2026 was ฿8 Mil. Index International Group PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-0 Mil. Index International Group PCL's interest coverage for the quarter that ended in Mar. 2026 was 45.95. The higher the ratio, the stronger the company's financial strength is.

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

BKK:IND' s Interest Coverage Range Over the Past 10 Years
Min: 17.66   Med: 33.96   Max: 174.05
Current: 117.52


BKK:IND's Interest Coverage is ranked better than
87.47% of 1349 companies
in the Construction industry
Industry Median: 7.92 vs BKK:IND: 117.52

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


Index International Group PCL  (BKK:IND) 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 .


Index International Group PCL Interest Coverage Related Terms


Index International Group PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Index International Group 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.

Index International Group PCL Interest Coverage Chart

Index International Group PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial 29.50 63.24 38.41 174.05 151.97

Index International Group 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 184.02 273.36 173.51 0.00 45.95

BKK:IND vs PWR, FIX, EME: Interest Coverage Comparison

For the Engineering & Construction subindustry, Index International Group 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.


Index International Group PCL Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Index International Group PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Index International Group PCL's Interest Coverage falls into.


BKK:IND
87GF Score
Index International Group PCL BKK:IND
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Index International Group 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.

Index International Group 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, Index International Group PCL's Interest Expense was ฿-1 Mil. Its Operating Income was ฿94 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿11 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*94.373/-0.621
=151.97

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

Here, for the three months ended in Mar. 2026, Index International Group PCL's Interest Expense was ฿-0 Mil. Its Operating Income was ฿8 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿13 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*7.627/-0.166
=45.95

* 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 45.95 mean?
Index International Group PCL (BKK:IND) has a Interest Coverage of 45.95 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Index International Group PCL and its competitors. This is 35% above median its historical median of 33.96. Over the past decade, Index International Group PCL's Interest Coverage has ranged from 17.66 to 174.05. According to the industry distribution chart, Index International Group PCL ranks #169 out of 1349 companies in the Construction industry, placing it in the top 12.5%.
Is Index International Group PCL's Interest Coverage too high?
Index International Group PCL's current Interest Coverage of 45.95 is 35% above median its 10-year median of 33.96. Over the past 10 years, this metric has ranged from a low of 17.66 to a high of 174.05. The Construction industry median Interest Coverage is 7.92. Index International Group PCL's value of 45.95 is 480.2% above this industry median. Based on the distribution chart, Index International Group PCL ranks #169 out of 1349 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Index International Group PCL has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Index International Group PCL's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Index International Group PCL ranks #169 out of 1349 companies for Interest Coverage. This places Index International Group PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.92. Index International Group PCL's value of 45.95 is 480.2% above this benchmark. Historically, Index International Group PCL's own Interest Coverage has ranged from 17.66 to 174.05 over the past decade. While the company's 10-year median is 33.96 vs. the industry median of 7.92, Index International Group PCL has consistently been above 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 Construction company?
The median Interest Coverage among Construction companies is 7.92, based on 1,349 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. Index International Group PCL's current Interest Coverage of 45.95 is 480.2% above 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 Index International Group PCL and its competitors. For the Construction industry, the median Interest Coverage is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Index International Group PCL's current Interest Coverage is 45.95, which is 35% above median its own 10-year median of 33.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index International Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Index International Group PCL (BKK:IND) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.37, compared to a current price of ฿0.89 — trading 35% below its estimated fair value. The current Interest Coverage is 45.95, which is 35% above median its 10-year median of 33.96 and 480.2% above the Construction industry median of 7.92. Index International Group PCL's overall GF Score™ is 87/100 with 4 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 Index International Group PCL (BKK:IND), the current Interest Coverage is 45.95 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 Index International Group PCL (BKK:IND) Overvalued in 2026?

Based on GuruFocus' analysis, Index International Group PCL stock appears to be undervalued. The current stock price of ฿0.89 is trading 35% below its estimated GF Value™ of ฿1.37. GuruFocus considers Index International Group PCL to be Possible Value Trap.

Key valuation signals for BKK:IND:

  • Interest Coverage: 45.95 (35% above median its 10-year median of 33.96)
  • GF Value™: ฿1.37 vs. price of ฿0.89 (35% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 480.2% above the Construction median (#169 of 1349)

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


Index International Group PCL Business Description

Address 1/814 Moo 17, Soi Amphon, Phaholyothin Road, Kukot, Lumlukka, Pathumthani, THA, 12130
Index International Group PCL is an engineering consultancy firm offering detailed design services, project management services, and detailed design construction. Its services include a wide range of services in specialized fields such as project planning, city, and district planning, architectural design involving landscaping and architecture, and engineering design involving structural, electrical, mechanical, transportation, sanitary, geotechnical, environmental, and water resources engineering. The group operates in Thailand.
87GF Score

Get the complete analysis for BKK:IND

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

฿0.89
Price
฿1.37
GF Value