S Prime Growth Leasehold REIT (BKK:SPRIME) Interest Coverage: 5.87 (As of Mar. 2026) — Near Median

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BKK:SPRIME S Prime Growth Leasehold REIT BKK:SPRIME
72 GF Score
Price ฿4.16
GF Value ฿3.73
Valuation Modestly Overvalued
! 7 Warning Signs
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What is S Prime Growth Leasehold REIT Interest Coverage?

S Prime Growth Leasehold REIT BKK:SPRIME +0.48% 72 Interest Coverage is 5.87 as of Mar. 2026, which is 9% below its 10-year median of 6.48. GuruFocus rates BKK:SPRIME with a GF Score™ of 72/100 and a GF Value™ of ฿3.73 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 697 REITs companies, S Prime Growth Leasehold REIT ranks better than 64.42% 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. S Prime Growth Leasehold REIT's Operating Income for the three months ended in Mar. 2026 was ฿88.5 Mil. S Prime Growth Leasehold REIT's Interest Expense for the three months ended in Mar. 2026 was ฿-15.1 Mil. S Prime Growth Leasehold REIT's interest coverage for the quarter that ended in Mar. 2026 was 5.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for S Prime Growth Leasehold REIT's Interest Coverage or its related term are showing as below:

BKK:SPRIME' s Interest Coverage Range Over the Past 10 Years
Min: 4.43   Med: 6.48   Max: 7.6
Current: 4.83


BKK:SPRIME's Interest Coverage is ranked better than
64.42% of 697 companies
in the REITs industry
Industry Median: 3.12 vs BKK:SPRIME: 4.83

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


S Prime Growth Leasehold REIT  (BKK:SPRIME) 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 .


S Prime Growth Leasehold REIT Interest Coverage Related Terms


S Prime Growth Leasehold REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for S Prime Growth Leasehold REIT'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.

S Prime Growth Leasehold REIT Interest Coverage Chart

S Prime Growth Leasehold REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial 7.60 6.94 5.17 4.43 4.51

S Prime Growth Leasehold REIT 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 4.50 4.56 4.60 4.39 5.87

BKK:SPRIME vs VICI, WPC, BNL: Interest Coverage Comparison

For the REIT - Diversified subindustry, S Prime Growth Leasehold REIT'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.


S Prime Growth Leasehold REIT Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, S Prime Growth Leasehold REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where S Prime Growth Leasehold REIT's Interest Coverage falls into.


BKK:SPRIME
72GF Score
S Prime Growth Leasehold REIT BKK:SPRIME
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S Prime Growth Leasehold REIT 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.

S Prime Growth Leasehold REIT'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, S Prime Growth Leasehold REIT's Interest Expense was ฿-67.4 Mil. Its Operating Income was ฿304.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,341.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*304.29/-67.414
=4.51

S Prime Growth Leasehold REIT's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, S Prime Growth Leasehold REIT's Interest Expense was ฿-15.1 Mil. Its Operating Income was ฿88.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,325.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*88.46/-15.064
=5.87

* 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 5.87 mean?
S Prime Growth Leasehold REIT (BKK:SPRIME) has a Interest Coverage of 5.87 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on S Prime Growth Leasehold REIT and its competitors. This is near median its historical median of 6.48. Over the past decade, S Prime Growth Leasehold REIT's Interest Coverage has ranged from 4.43 to 7.60. According to the industry distribution chart, S Prime Growth Leasehold REIT ranks #248 out of 697 companies in the REITs industry, placing it in the top 35.6%.
Is S Prime Growth Leasehold REIT's Interest Coverage too high?
S Prime Growth Leasehold REIT's current Interest Coverage of 5.87 is near median its 10-year median of 6.48. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 7.60. The REITs industry median Interest Coverage is 3.12. S Prime Growth Leasehold REIT's value of 5.87 is 88.1% above this industry median. Based on the distribution chart, S Prime Growth Leasehold REIT ranks #248 out of 697 companies in the REITs industry, which is above the industry midpoint. Overall, S Prime Growth Leasehold REIT has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S Prime Growth Leasehold REIT's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, S Prime Growth Leasehold REIT ranks #248 out of 697 companies for Interest Coverage. This puts S Prime Growth Leasehold REIT in the upper half of its industry. The industry median Interest Coverage is 3.12. S Prime Growth Leasehold REIT's value of 5.87 is 88.1% above this benchmark. Historically, S Prime Growth Leasehold REIT's own Interest Coverage has ranged from 4.43 to 7.60 over the past decade. While the company's 10-year median is 6.48 vs. the industry median of 3.12, S Prime Growth Leasehold REIT 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 REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 697 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. S Prime Growth Leasehold REIT's current Interest Coverage of 5.87 is 88.1% 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 S Prime Growth Leasehold REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S Prime Growth Leasehold REIT's current Interest Coverage is 5.87, which is near median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Prime Growth Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, S Prime Growth Leasehold REIT (BKK:SPRIME) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿3.73, compared to a current price of ฿4.16 — trading 11.5% above its estimated fair value. The current Interest Coverage is 5.87, which is near median its 10-year median of 6.48 and 88.1% above the REITs industry median of 3.12. S Prime Growth Leasehold REIT's overall GF Score™ is 72/100 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 S Prime Growth Leasehold REIT (BKK:SPRIME), the current Interest Coverage is 5.87 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 S Prime Growth Leasehold REIT (BKK:SPRIME) Overvalued in 2026?

Based on GuruFocus' analysis, S Prime Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿4.16 is trading 11.5% above its estimated GF Value™ of ฿3.73. GuruFocus considers S Prime Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:SPRIME:

  • Interest Coverage: 5.87 (near median its 10-year median of 6.48)
  • GF Value™: ฿3.73 vs. price of ฿4.16 (11.5% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 88.1% above the REITs median (#248 of 697)

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


S Prime Growth Leasehold REIT Business Description

Industry Real EstateREITs
Address Vibhavadi Rangsit Road, No. 123, Suntowers Building B, 37th Floor, Chom Phon Sub-District, Chatuchak District, Bangkok, THA, 10900
S Prime Growth Leasehold REIT is engaged in investing mostly in property or property leasehold rights and generating benefits from such properties for the benefit of the property, and creating revenue and return for the Trust and the unitholders. It mainly invests in the right to lease certain land plots and office spaces, conference spaces, common areas, parking areas, and building systems of Suntowers Complex for a specific term of years. The Trust operates in a single reportable operating segment, which is the investment in leasehold rights on properties, and the sole geographical area of its operations is Thailand.
72GF Score

Get the complete analysis for BKK:SPRIME

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

฿4.16
Price
฿3.73
GF Value