TPC Power Holding PCL (BKK:TPCH) Interest Coverage: 3.73 (As of Mar. 2026) — 13% Below Median


BKK:TPCH TPC Power Holding PCL BKK:TPCH
57 GF Score
Price ฿1.40
GF Value ฿4.44
Valuation Possible Value Trap
! 5 Warning Signs
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What is TPC Power Holding PCL Interest Coverage?

TPC Power Holding PCL BKK:TPCH +1.45% 57 Interest Coverage is 3.73 as of Mar. 2026, which is 13% below its 10-year median of 4.28. GuruFocus rates BKK:TPCH with a GF Score™ of 57/100 and a GF Value™ of ฿4.44 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 322 Utilities - Independent Power Producers companies, TPC Power Holding PCL ranks worse than 52.48% 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. TPC Power Holding PCL's Operating Income for the three months ended in Mar. 2026 was ฿140 Mil. TPC Power Holding PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-38 Mil. TPC Power Holding PCL's interest coverage for the quarter that ended in Mar. 2026 was 3.73. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TPC Power Holding PCL interest coverage is 2.67, which is low.

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

BKK:TPCH' s Interest Coverage Range Over the Past 10 Years
Min: 2.02   Med: 4.28   Max: 7.96
Current: 2.67


BKK:TPCH's Interest Coverage is ranked worse than
52.48% of 322 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.84 vs BKK:TPCH: 2.67

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


TPC Power Holding PCL  (BKK:TPCH) 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 .


TPC Power Holding PCL Interest Coverage Related Terms


TPC Power Holding PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for TPC Power Holding 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.

TPC Power Holding PCL Interest Coverage Chart

TPC Power Holding 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 2.79 2.63 2.02 2.90 2.63

TPC Power Holding 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 3.35 2.19 1.39 3.79 3.73

TPC Power Holding PCL Interest Coverage Competitor Comparison

For the Utilities - Renewable subindustry, TPC Power Holding 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.


TPC Power Holding PCL Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TPC Power Holding PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TPC Power Holding PCL's Interest Coverage falls into.


BKK:TPCH
57GF Score
TPC Power Holding PCL BKK:TPCH
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPC Power Holding 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.

TPC Power Holding 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, TPC Power Holding PCL's Interest Expense was ฿-191 Mil. Its Operating Income was ฿502 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,271 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*501.782/-190.527
=2.63

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

Here, for the three months ended in Mar. 2026, TPC Power Holding PCL's Interest Expense was ฿-38 Mil. Its Operating Income was ฿140 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿2,111 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*140.116/-37.586
=3.73

* 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 3.73 mean?
TPC Power Holding PCL (BKK:TPCH) has a Interest Coverage of 3.73 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TPC Power Holding PCL and its competitors. This is 13% below median its historical median of 4.28. Over the past decade, TPC Power Holding PCL's Interest Coverage has ranged from 2.02 to 7.96. According to the industry distribution chart, TPC Power Holding PCL ranks #169 out of 322 companies in the Utilities - Independent Power Producers industry, placing it in the top 52.5%.
Is TPC Power Holding PCL's Interest Coverage too high?
TPC Power Holding PCL's current Interest Coverage of 3.73 is 13% below median its 10-year median of 4.28. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 7.96. The Utilities - Independent Power Producers industry median Interest Coverage is 2.84. TPC Power Holding PCL's value of 3.73 is 31.3% above this industry median. Based on the distribution chart, TPC Power Holding PCL ranks #169 out of 322 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, TPC Power Holding PCL has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TPC Power Holding PCL's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPC Power Holding PCL ranks #169 out of 322 companies for Interest Coverage. This places TPC Power Holding PCL in the lower half of its industry. The industry median Interest Coverage is 2.84. TPC Power Holding PCL's value of 3.73 is 31.3% above this benchmark. Historically, TPC Power Holding PCL's own Interest Coverage has ranged from 2.02 to 7.96 over the past decade. While the company's 10-year median is 4.28 vs. the industry median of 2.84, TPC Power Holding 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.84, based on 322 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. TPC Power Holding PCL's current Interest Coverage of 3.73 is 31.3% 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 TPC Power Holding PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPC Power Holding PCL's current Interest Coverage is 3.73, which is 13% below median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPC Power Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, TPC Power Holding PCL (BKK:TPCH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿4.44, compared to a current price of ฿1.40 — trading 68.5% below its estimated fair value. The current Interest Coverage is 3.73, which is 13% below median its 10-year median of 4.28 and 31.3% above the Utilities - Independent Power Producers industry median of 2.84. TPC Power Holding PCL's overall GF Score™ is 57/100 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 TPC Power Holding PCL (BKK:TPCH), the current Interest Coverage is 3.73 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 TPC Power Holding PCL (BKK:TPCH) Overvalued in 2026?

Based on GuruFocus' analysis, TPC Power Holding PCL stock appears to be undervalued. The current stock price of ฿1.40 is trading 68.5% below its estimated GF Value™ of ฿4.44. GuruFocus considers TPC Power Holding PCL to be Possible Value Trap.

Key valuation signals for BKK:TPCH:

  • Interest Coverage: 3.73 (13% below median its 10-year median of 4.28)
  • GF Value™: ฿4.44 vs. price of ฿1.40 (68.5% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 31.3% above the Utilities - Independent Power Producers median (#169 of 322)

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


TPC Power Holding PCL Business Description

Address Prasertmanukit Road, 4/2Prasertmanukit Soi 29 Yeak 8, Chaorakhaebua, Ladprao, Bangkok, THA, 10230
TPC Power Holding PCL, along with its subsidiaries, is engaged in the business of generating and distributing electricity from various types of renewable energy sources and providing related support services. Its projects consist of the biomass power plant and other renewable power plants. The company operates in two divisions: Sale of electricity current and Sale of biogas. The majority of its revenue is generated from the sale of electricity current.
57GF Score

Get the complete analysis for BKK:TPCH

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

฿1.40
Price
฿4.44
GF Value