Zen Group PCL (BKK:ZEN) Interest Coverage: 3.21 (As of Mar. 2026) — 52% Below Median

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BKK:ZEN Zen Corp Group PCL BKK:ZEN
87 GF Score
Price ฿5.65
GF Value ฿6.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Zen Group PCL Interest Coverage?

Zen Group PCL BKK:ZEN 87 Interest Coverage is 3.21 as of Mar. 2026, which is 52% below its 10-year median of 6.69. GuruFocus rates BKK:ZEN with a GF Score™ of 87/100 and a GF Value™ of ฿6.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 262 Restaurants companies, Zen Group PCL ranks worse than 69.47% 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. Zen Group PCL's Operating Income for the three months ended in Mar. 2026 was ฿42 Mil. Zen Group PCL's Interest Expense for the three months ended in Mar. 2026 was ฿-13 Mil. Zen Group PCL's interest coverage for the quarter that ended in Mar. 2026 was 3.21. The higher the ratio, the stronger the company's financial strength is.

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

BKK:ZEN' s Interest Coverage Range Over the Past 10 Years
Min: 2.58   Med: 6.69   Max: 35.43
Current: 2.83


BKK:ZEN's Interest Coverage is ranked worse than
69.47% of 262 companies
in the Restaurants industry
Industry Median: 6.65 vs BKK:ZEN: 2.83

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


Zen Group PCL  (BKK:ZEN) 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 .


Zen Group PCL Interest Coverage Related Terms


Zen Group PCL Interest Coverage Historical Data

* Premium members only.

The historical data trend for Zen Group 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.

Zen Group PCL Interest Coverage Chart

Zen Group 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 0.00 7.52 6.02 2.58 2.75

Zen Group 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 2.87 2.27 2.44 3.47 3.21

BKK:ZEN vs MCD, SBUX, YUM: Interest Coverage Comparison

For the Restaurants subindustry, Zen Group 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.


Zen Group PCL Interest Coverage vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Zen Group PCL's Interest Coverage distribution charts can be found below:

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


BKK:ZEN
87GF Score
Zen Corp Group PCL BKK:ZEN
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zen Group 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.

Zen Group 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, Zen Group PCL's Interest Expense was ฿-55 Mil. Its Operating Income was ฿152 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿532 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*152.249/-55.429
=2.75

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

Here, for the three months ended in Mar. 2026, Zen Group PCL's Interest Expense was ฿-13 Mil. Its Operating Income was ฿42 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿490 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*41.867/-13.045
=3.21

* 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 3.21 mean?
Zen Group PCL (BKK:ZEN) has a Interest Coverage of 3.21 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Zen Group PCL and its competitors. This is 52% below median its historical median of 6.69. Over the past decade, Zen Group PCL's Interest Coverage has ranged from 2.58 to 35.43. According to the industry distribution chart, Zen Group PCL ranks #182 out of 262 companies in the Restaurants industry, placing it in the top 69.5%.
Is Zen Group PCL's Interest Coverage too high?
Zen Group PCL's current Interest Coverage of 3.21 is 52% below median its 10-year median of 6.69. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 35.43. The Restaurants industry median Interest Coverage is 6.65. Zen Group PCL's value of 3.21 is 51.7% below this industry median. Based on the distribution chart, Zen Group PCL ranks #182 out of 262 companies in the Restaurants industry, which is below the industry midpoint. Overall, Zen Group PCL has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zen Group PCL's Interest Coverage compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Zen Group PCL ranks #182 out of 262 companies for Interest Coverage. This places Zen Group PCL in the lower half of its industry. The industry median Interest Coverage is 6.65. Zen Group PCL's value of 3.21 is 51.7% below this benchmark. Historically, Zen Group PCL's own Interest Coverage has ranged from 2.58 to 35.43 over the past decade. While the company's 10-year median is 6.69 vs. the industry median of 6.65, Zen Group 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 Restaurants company?
The median Interest Coverage among Restaurants companies is 6.65, based on 262 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. Zen Group PCL's current Interest Coverage of 3.21 is 51.7% 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 Zen Group PCL and its competitors. For the Restaurants industry, the median Interest Coverage is 6.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Group PCL's current Interest Coverage is 3.21, which is 52% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Zen Group PCL (BKK:ZEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.68, compared to a current price of ฿5.65 — trading 15.4% below its estimated fair value. The current Interest Coverage is 3.21, which is 52% below median its 10-year median of 6.69 and 51.7% below the Restaurants industry median of 6.65. Zen Group PCL's overall GF Score™ is 87/100 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 Zen Group PCL (BKK:ZEN), the current Interest Coverage is 3.21 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 Zen Group PCL (BKK:ZEN) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Group PCL stock appears to be undervalued. The current stock price of ฿5.65 is trading 15.4% below its estimated GF Value™ of ฿6.68. GuruFocus considers Zen Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ZEN:

  • Interest Coverage: 3.21 (52% below median its 10-year median of 6.69)
  • GF Value™: ฿6.68 vs. price of ฿5.65 (15.4% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 51.7% below the Restaurants median (#182 of 262)

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


Zen Group PCL Business Description

Address 662 Soi On Nut 17, Kwang Suanluang, Khet Suanluang, Bangkok, THA, 10250
Zen Corp Group PCL is engaged in providing management services to its subsidiaries and restaurants. It offers Japanese food, ranging from premium sushi and Yakiniku restaurants to contemporary Japanese cafes. The company operates ZEN Japanese Restaurant, Musha, AKA, On the Table, and Sushi Cyu. The company operates in only one segment which is the Food business. The majority of the revenue is generated from the sales of food and beverages in Thailand.
87GF Score

Get the complete analysis for BKK:ZEN

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

฿5.65
Price
฿6.68
GF Value