Starflex PCL (BKK:SFLEX) Interest Coverage: 11.37 (As of Mar. 2026) — 12% Below Median


BKK:SFLEX Starflex PCL BKK:SFLEX
83 GF Score
Price ฿2.94
GF Value ฿3.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Starflex PCL Interest Coverage?

Starflex PCL BKK:SFLEX -1.34% 83 Interest Coverage is 11.37 as of Mar. 2026, which is 12% below its 10-year median of 12.98. GuruFocus rates BKK:SFLEX with a GF Score™ of 83/100 and a GF Value™ of ฿3.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 314 Packaging & Containers companies, Starflex PCL ranks better than 57.01% 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. Starflex PCL's Operating Income for the three months ended in Mar. 2026 was ฿74 Mil. Starflex PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-6 Mil. Starflex PCL's interest coverage for the quarter that ended in Mar. 2026 was 11.37. The higher the ratio, the stronger the company's financial strength is.

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

BKK:SFLEX' s Interest Coverage Range Over the Past 10 Years
Min: 7.46   Med: 12.98   Max: 41.28
Current: 8.95


BKK:SFLEX's Interest Coverage is ranked better than
57.01% of 314 companies
in the Packaging & Containers industry
Industry Median: 6.125 vs BKK:SFLEX: 8.95

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


Starflex PCL  (BKK:SFLEX) 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 .


Starflex PCL Interest Coverage Related Terms


Starflex PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Starflex 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.

Starflex PCL Interest Coverage Chart

Starflex 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 41.28 22.96 23.66 8.37 8.50

Starflex 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 9.20 6.76 8.35 9.80 11.37

BKK:SFLEX vs SW, PKG, IP: Interest Coverage Comparison

For the Packaging & Containers subindustry, Starflex 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.


Starflex PCL Interest Coverage vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's Interest Coverage distribution charts can be found below:

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


BKK:SFLEX
83GF Score
Starflex PCL BKK:SFLEX
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starflex 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.

Starflex 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, Starflex PCL's Interest Expense was ฿-31 Mil. Its Operating Income was ฿262 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿290 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*261.919/-30.811
=8.50

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

Here, for the three months ended in Mar. 2026, Starflex PCL's Interest Expense was ฿-6 Mil. Its Operating Income was ฿74 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿267 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*73.695/-6.479
=11.37

* 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 11.37 mean?
Starflex PCL (BKK:SFLEX) has a Interest Coverage of 11.37 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Starflex PCL and its competitors. This is 12% below median its historical median of 12.98. Over the past decade, Starflex PCL's Interest Coverage has ranged from 7.46 to 41.28. According to the industry distribution chart, Starflex PCL ranks #135 out of 314 companies in the Packaging & Containers industry, placing it in the top 43%.
Is Starflex PCL's Interest Coverage too high?
Starflex PCL's current Interest Coverage of 11.37 is 12% below median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 7.46 to a high of 41.28. The Packaging & Containers industry median Interest Coverage is 6.13. Starflex PCL's value of 11.37 is 85.6% above this industry median. Based on the distribution chart, Starflex PCL ranks #135 out of 314 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Starflex PCL has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starflex PCL's Interest Coverage compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Starflex PCL ranks #135 out of 314 companies for Interest Coverage. This puts Starflex PCL in the upper half of its industry. The industry median Interest Coverage is 6.13. Starflex PCL's value of 11.37 is 85.6% above this benchmark. Historically, Starflex PCL's own Interest Coverage has ranged from 7.46 to 41.28 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 6.13, Starflex 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 Packaging & Containers company?
The median Interest Coverage among Packaging & Containers companies is 6.13, based on 314 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. Starflex PCL's current Interest Coverage of 11.37 is 85.6% 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 Starflex PCL and its competitors. For the Packaging & Containers industry, the median Interest Coverage is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starflex PCL's current Interest Coverage is 11.37, which is 12% below median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starflex PCL stock overvalued right now?
Based on GuruFocus' analysis, Starflex PCL (BKK:SFLEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.63, compared to a current price of ฿2.94 — trading 19% below its estimated fair value. The current Interest Coverage is 11.37, which is 12% below median its 10-year median of 12.98 and 85.6% above the Packaging & Containers industry median of 6.13. Starflex PCL's overall GF Score™ is 83/100 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 Starflex PCL (BKK:SFLEX), the current Interest Coverage is 11.37 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 Starflex PCL (BKK:SFLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Starflex PCL stock appears to be undervalued. The current stock price of ฿2.94 is trading 19% below its estimated GF Value™ of ฿3.63. GuruFocus considers Starflex PCL to be Modestly Undervalued.

Key valuation signals for BKK:SFLEX:

  • Interest Coverage: 11.37 (12% below median its 10-year median of 12.98)
  • GF Value™: ฿3.63 vs. price of ฿2.94 (19% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 85.6% above the Packaging & Containers median (#135 of 314)

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


Starflex PCL Business Description

Address 189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560
Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. The Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.
83GF Score

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

฿2.94
Price
฿3.63
GF Value