The Steel PCLBKK:THE-R 28 Interest Coverage is 5.98 as of Mar. 2026, which is 185% above its 10-year median of 2.10. GuruFocus rates BKK:THE-R with a GF Score™ of 28/100 and a GF Value™ of ฿0.88. The stock has 6 warning signs investors should review. Among 458 Steel companies, The Steel PCL ranks worse than 92.14% 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. The Steel PCL's
Operating Income
for the
three
months ended in Mar. 2026 was ฿69 Mil. The Steel PCL's Interest Expense for the
three
months ended in Mar. 2026 was ฿-12 Mil.
The Steel PCL's interest coverage for the quarter that ended in Mar. 2026 was 5.98.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for The Steel PCL's Interest Coverage or its related term are showing as below:
BKK:THE-R'
s Interest Coverage Range Over the Past 10 Years
Min: 0.67 Med: 2.1 Max: 20.73
Current: 0.67
BKK:THE-R's Interest Coverage is ranked worse than 92.14% of 458
companies
in the Steel industry
Industry Median: 4.445
vs BKK:THE-R: 0.67
The Steel PCL (BKK:THE-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 .
The Steel PCL Interest Coverage Related Terms
The Steel PCL Interest Coverage Historical Data
* Premium members only.
The historical data trend for The 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:THE-R vs NUE, STLD, RS: Interest Coverage Comparison
For the Steel subindustry, The 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.
The Steel PCL Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, The Steel PCL's Interest Coverage distribution charts can be found below:
* The bar in red indicates where The 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.
The Steel PCL (BKK:THE-R) has a Interest Coverage of 5.98 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on The Steel PCL and its competitors. This is 185% above median its historical median of 2.10. Over the past decade, The Steel PCL's Interest Coverage has ranged from 0.67 to 20.73. According to the industry distribution chart, The Steel PCL ranks #422 out of 458 companies in the Steel industry, placing it in the top 92.1%.
Is The Steel PCL's Interest Coverage too high?
The Steel PCL's current Interest Coverage of 5.98 is 185% above median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 20.73. The Steel industry median Interest Coverage is 4.45. The Steel PCL's value of 5.98 is 34.5% above this industry median. Based on the distribution chart, The Steel PCL ranks #422 out of 458 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, The Steel PCL has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Interest Coverage compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #422 out of 458 companies for Interest Coverage. This places The Steel PCL in the lower half of its industry. The industry median Interest Coverage is 4.45. The Steel PCL's value of 5.98 is 34.5% above this benchmark. Historically, The Steel PCL's own Interest Coverage has ranged from 0.67 to 20.73 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 4.45, The 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. The Steel PCL's current Interest Coverage of 5.98 is 34.5% 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 The 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. The Steel PCL's current Interest Coverage is 5.98, which is 185% above median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Interest Coverage of 5.98. The stock's GF Value™ is ฿0.88, compared to a current price of ฿0.83 — trading 5.4% below its estimated fair value. The current Interest Coverage is 5.98, which is 185% above median its 10-year median of 2.10 and 34.5% above the Steel industry median of 4.45. The Steel PCL's overall GF Score™ is 28/100 with 6 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 The Steel PCL (BKK:THE-R), the current Interest Coverage is 5.98 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 The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 5.4% below its estimated GF Value™ of ฿0.88.
Key valuation signals for BKK:THE-R:
Interest Coverage: 5.98 (185% above median its 10-year median of 2.10)
GF Value™: ฿0.88 vs. price of ฿0.83 (5.4% below fair value)
Industry Position: 34.5% above the Steel median (#422 of 458)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.
28GF Score
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