Maybank Securities (Thailand) PCL (BKK:MST-R) Interest Coverage: 2.06 (As of Mar. 2026) — 56% Above Median


BKK:MST-R Maybank Securities (Thailand) PCL BKK:MST-R
59 GF Score
Price ฿6.85
GF Value ฿6.44
! 7 Warning Signs
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What is Maybank Securities (Thailand) PCL Interest Coverage?

Maybank Securities (Thailand) PCL BKK:MST-R 59 Interest Coverage is 2.06 as of Mar. 2026, which is 56% above its 10-year median of 1.32. GuruFocus rates BKK:MST-R with a GF Score™ of 59/100 and a GF Value™ of ฿6.44. The stock has 7 warning signs investors should review. Among 427 Capital Markets companies, Maybank Securities (Thailand) PCL ranks worse than 234191.8% 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. Maybank Securities (Thailand) PCL's Operating Income for the three months ended in Mar. 2026 was ฿179 Mil. Maybank Securities (Thailand) PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-87 Mil. Maybank Securities (Thailand) PCL's interest coverage for the quarter that ended in Mar. 2026 was 2.06. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Maybank Securities (Thailand) PCL's Interest Coverage or its related term are showing as below:


BKK:MST-R's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.12
* 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.


Maybank Securities (Thailand) PCL  (BKK:MST-R) 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 .


Maybank Securities (Thailand) PCL Interest Coverage Related Terms


Maybank Securities (Thailand) PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) PCL Interest Coverage Chart

Maybank Securities (Thailand) 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 4.25 3.21 1.19 1.22 0.81

Maybank Securities (Thailand) 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 1.10 0.34 2.06

BKK:MST-R vs MS, GS, SCHW: Interest Coverage Comparison

For the Capital Markets subindustry, Maybank Securities (Thailand) 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.


Maybank Securities (Thailand) PCL Interest Coverage vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Maybank Securities (Thailand) PCL's Interest Coverage falls into.


BKK:MST-R
59GF Score
Maybank Securities (Thailand) PCL BKK:MST-R
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Maybank Securities (Thailand) 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.

Maybank Securities (Thailand) 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, Maybank Securities (Thailand) PCL's Interest Expense was ฿-347 Mil. Its Operating Income was ฿280 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿26 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*280.069/-346.959
=0.81

Maybank Securities (Thailand) PCL's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Maybank Securities (Thailand) PCL's Interest Expense was ฿-87 Mil. Its Operating Income was ฿179 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,141 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*179.227/-86.888
=2.06

* 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 2.06 mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Interest Coverage of 2.06 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 56% above median its historical median of 1.32. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 427 companies in the Capital Markets industry.
Is Maybank Securities (Thailand) PCL's Interest Coverage too high?
Maybank Securities (Thailand) PCL's current Interest Coverage of 2.06 is 56% above median its 10-year median of 1.32. The Capital Markets industry median Interest Coverage is 19.12. Maybank Securities (Thailand) PCL's value of 2.06 is 89.2% below this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 427 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Interest Coverage compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #999999 out of 427 companies for Interest Coverage. This places Maybank Securities (Thailand) PCL in the lower half of its industry. The industry median Interest Coverage is 19.12. Maybank Securities (Thailand) PCL's value of 2.06 is 89.2% below this benchmark. While the company's 10-year median is 1.32 vs. the industry median of 19.12, Maybank Securities (Thailand) 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 Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.12, based on 427 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. Maybank Securities (Thailand) PCL's current Interest Coverage of 2.06 is 89.2% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Interest Coverage is 2.06, which is 56% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Interest Coverage of 2.06. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current Interest Coverage is 2.06, which is 56% above median its 10-year median of 1.32 and 89.2% below the Capital Markets industry median of 19.12. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Interest Coverage is 2.06 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?

Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued. The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.

Key valuation signals for BKK:MST-R:

  • Interest Coverage: 2.06 (56% above median its 10-year median of 1.32)
  • GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 89.2% below the Capital Markets median (#999999 of 427)

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


Maybank Securities (Thailand) PCL Business Description

Other Exchanges MST:Thailand
Address Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan, Bangkok, THA, 10330
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score

Get the complete analysis for BKK:MST-R

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

฿6.85
Price
฿6.44
GF Value