International Research PCL (BKK:IRCP) Interest Coverage: 6.82 (As of Mar. 2026) — 405% Above Median


BKK:IRCP International Research Corp PCL BKK:IRCP
27 GF Score
Price ฿0.27
GF Value ฿0.33
Valuation Modestly Undervalued
! 5 Warning Signs
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What is International Research PCL Interest Coverage?

International Research PCL BKK:IRCP +3.85% 27 Interest Coverage is 6.82 as of Mar. 2026, which is 405% above its 10-year median of 1.35. GuruFocus rates BKK:IRCP with a GF Score™ of 27/100 and a GF Value™ of ฿0.33 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,706 Software companies, International Research PCL ranks worse than 58616.59% 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. International Research PCL's Operating Income for the three months ended in Mar. 2026 was ฿8.7 Mil. International Research PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-1.3 Mil. International Research PCL's interest coverage for the quarter that ended in Mar. 2026 was 6.82. The higher the ratio, the stronger the company's financial strength is.

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


BKK:IRCP's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 24.75
* Ranked among companies with meaningful Interest Coverage only.

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


International Research PCL  (BKK:IRCP) 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 .


International Research PCL Interest Coverage Related Terms


International Research PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for International Research 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.

International Research PCL Interest Coverage Chart

International Research 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 1.78 1.39 1.27 0.00

International Research 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 0.00 0.00 0.00 0.00 6.82

BKK:IRCP vs IBM, ACN, FISV: Interest Coverage Comparison

For the Information Technology Services subindustry, International Research 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.


International Research PCL Interest Coverage vs Software Industry

For the Software industry and Technology sector, International Research PCL's Interest Coverage distribution charts can be found below:

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


BKK:IRCP
27GF Score
International Research Corp PCL BKK:IRCP
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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International Research 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.

International Research 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, International Research PCL's Interest Expense was ฿-5.9 Mil. Its Operating Income was ฿-164.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿21.5 Mil.

International Research PCL did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2026, International Research PCL's Interest Expense was ฿-1.3 Mil. Its Operating Income was ฿8.7 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿19.7 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*8.693/-1.275
=6.82

* 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 6.82 mean?
International Research PCL (BKK:IRCP) has a Interest Coverage of 6.82 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on International Research PCL and its competitors. This is 405% above median its historical median of 1.35. According to the industry distribution chart, International Research PCL ranks #999999 out of 1706 companies in the Software industry.
Is International Research PCL's Interest Coverage too high?
International Research PCL's current Interest Coverage of 6.82 is 405% above median its 10-year median of 1.35. The Software industry median Interest Coverage is 24.75. International Research PCL's value of 6.82 is 72.4% below this industry median. Based on the distribution chart, International Research PCL ranks #999999 out of 1706 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, International Research PCL has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's Interest Coverage compare to IBM and ACN?
According to the Software industry distribution chart, International Research PCL ranks #999999 out of 1706 companies for Interest Coverage. This places International Research PCL in the lower half of its industry. The industry median Interest Coverage is 24.75. International Research PCL's value of 6.82 is 72.4% below this benchmark. While the company's 10-year median is 1.35 vs. the industry median of 24.75, International Research 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 Software company?
The median Interest Coverage among Software companies is 24.75, based on 1,706 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. International Research PCL's current Interest Coverage of 6.82 is 72.4% 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 International Research PCL and its competitors. For the Software industry, the median Interest Coverage is 24.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current Interest Coverage is 6.82, which is 405% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.33, compared to a current price of ฿0.27 — trading 18.2% below its estimated fair value. The current Interest Coverage is 6.82, which is 405% above median its 10-year median of 1.35 and 72.4% below the Software industry median of 24.75. International Research PCL's overall GF Score™ is 27/100 with 5 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 International Research PCL (BKK:IRCP), the current Interest Coverage is 6.82 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 International Research PCL (BKK:IRCP) Overvalued in 2026?

Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued. The current stock price of ฿0.27 is trading 18.2% below its estimated GF Value™ of ฿0.33. GuruFocus considers International Research PCL to be Modestly Undervalued.

Key valuation signals for BKK:IRCP:

  • Interest Coverage: 6.82 (405% above median its 10-year median of 1.35)
  • GF Value™: ฿0.33 vs. price of ฿0.27 (18.2% below fair value)
  • GF Score™: 27/100 with 5 warning signs
  • Industry Position: 72.4% below the Software median (#999999 of 1706)

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


International Research PCL Business Description

Address Rama IV Road, 1152 Punn Tower 16th Floor, Rooms 1605-1608, Khlong toei, Bangkok, THA, 10110
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
27GF Score

Get the complete analysis for BKK:IRCP

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

฿0.27
Price
฿0.33
GF Value