M.C.S. Steel PCLBKK:MCS 68 Interest Coverage is 20.88 as of Mar. 2026, which is 59% below its 10-year median of 51.36. GuruFocus rates BKK:MCS with a GF Score™ of 68/100 and a GF Value™ of ฿6.51 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 458 Steel companies, M.C.S. Steel PCL ranks better than 84.72% 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. M.C.S. Steel PCL's
Operating Income
for the
three
months ended in Mar. 2026 was ฿108 Mil. M.C.S. Steel PCL's Interest Expense for the
three
months ended in Mar. 2026 was ฿-5 Mil.
M.C.S. Steel PCL's interest coverage for the quarter that ended in Mar. 2026 was 20.88.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for M.C.S. Steel PCL's Interest Coverage or its related term are showing as below:
BKK:MCS'
s Interest Coverage Range Over the Past 10 Years
Min: 7.49 Med: 51.36 Max: 180.26
Current: 51.14
BKK:MCS's Interest Coverage is ranked better than 84.72% of 458
companies
in the Steel industry
Industry Median: 4.445
vs BKK:MCS: 51.14
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 .
M.C.S. Steel PCL Interest Coverage Related Terms
M.C.S. Steel PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for M.C.S. Steel 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.
BKK:MCS vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, M.C.S. Steel 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.
M.C.S. Steel PCL Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, M.C.S. Steel PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where M.C.S. Steel PCL's Interest Coverage falls into.
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:
* 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.
M.C.S. Steel PCL (BKK:MCS) has a Interest Coverage of 20.88 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on M.C.S. Steel PCL and its competitors. This is 59% below median its historical median of 51.36. Over the past decade, M.C.S. Steel PCL's Interest Coverage has ranged from 7.49 to 180.26. According to the industry distribution chart, M.C.S. Steel PCL ranks #70 out of 458 companies in the Steel industry, placing it in the top 15.3%.
Is M.C.S. Steel PCL's Interest Coverage too high?
M.C.S. Steel PCL's current Interest Coverage of 20.88 is 59% below median its 10-year median of 51.36. Over the past 10 years, this metric has ranged from a low of 7.49 to a high of 180.26. The Steel industry median Interest Coverage is 4.45. M.C.S. Steel PCL's value of 20.88 is 369.7% above this industry median. Based on the distribution chart, M.C.S. Steel PCL ranks #70 out of 458 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, M.C.S. Steel PCL has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M.C.S. Steel PCL's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, M.C.S. Steel PCL ranks #70 out of 458 companies for Interest Coverage. This places M.C.S. Steel PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.45. M.C.S. Steel PCL's value of 20.88 is 369.7% above this benchmark. Historically, M.C.S. Steel PCL's own Interest Coverage has ranged from 7.49 to 180.26 over the past decade. While the company's 10-year median is 51.36 vs. the industry median of 4.45, M.C.S. Steel 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 Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 458 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. M.C.S. Steel PCL's current Interest Coverage of 20.88 is 369.7% 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 M.C.S. Steel PCL and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M.C.S. Steel PCL's current Interest Coverage is 20.88, which is 59% below median its own 10-year median of 51.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M.C.S. Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, M.C.S. Steel PCL (BKK:MCS) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿6.51, compared to a current price of ฿7.65 — trading 17.5% above its estimated fair value. The current Interest Coverage is 20.88, which is 59% below median its 10-year median of 51.36 and 369.7% above the Steel industry median of 4.45. M.C.S. Steel PCL's overall GF Score™ is 68/100 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 M.C.S. Steel PCL (BKK:MCS), the current Interest Coverage is 20.88 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 M.C.S. Steel PCL (BKK:MCS) Overvalued in 2026?
Based on GuruFocus' analysis, M.C.S. Steel PCL stock appears to be overvalued.
The current stock price of ฿7.65 is trading 17.5% above its estimated GF Value™ of ฿6.51.
GuruFocus considers M.C.S. Steel PCL to be Modestly Overvalued.
Key valuation signals for BKK:MCS:
Interest Coverage: 20.88 (59% below median its 10-year median of 51.36)
GF Value™: ฿6.51 vs. price of ฿7.65 (17.5% above fair value)
Industry Position: 369.7% above the Steel median (#70 of 458)
No single metric tells the full story. See the BKK:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M.C.S. Steel PCL is engaged in the production and distribution of structural steel products for building construction and residential development projects for sale. It provides and exports steel structure works for various projects. The company's services include engineering design, parts, and quality control. The company's product and services portfolio includes Fabrication and sale of structural steel of which substantial income is earned, Fabrication including installation of structural steel, and Rendering of services. The business operates in three geographical segments: Thailand, Japan, and China. Key revenue is earned from domestic sales.
68GF Score
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