Shahjibazar Power Co (DHA:SPCL) Interest Coverage: 2.40 (As of Mar. 2026) — 80% Below Median


DHA:SPCL Shahjibazar Power Co Ltd DHA:SPCL
93 GF Score
Price BDT54.50
GF Value BDT56.70
Valuation Fairly Valued
! 7 Warning Signs
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What is Shahjibazar Power Co Interest Coverage?

Shahjibazar Power Co DHA:SPCL +1.11% 93 Interest Coverage is 2.40 as of Mar. 2026, which is 80% below its 10-year median of 11.74. GuruFocus rates DHA:SPCL with a GF Score™ of 93/100 and a GF Value™ of BDT56.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 320 Utilities - Independent Power Producers companies, Shahjibazar Power Co ranks better than 52.5% 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. Shahjibazar Power Co's Operating Income for the three months ended in Mar. 2026 was BDT325 Mil. Shahjibazar Power Co's Interest Expense for the three months ended in Mar. 2026 was BDT-136 Mil. Shahjibazar Power Co's interest coverage for the quarter that ended in Mar. 2026 was 2.40. The higher the ratio, the stronger the company's financial strength is.

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

DHA:SPCL' s Interest Coverage Range Over the Past 10 Years
Min: 2.4   Med: 11.74   Max: 496.96
Current: 3.14


DHA:SPCL's Interest Coverage is ranked better than
52.5% of 320 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.915 vs DHA:SPCL: 3.14

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


Shahjibazar Power Co  (DHA:SPCL) 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 .


Shahjibazar Power Co Interest Coverage Related Terms


Shahjibazar Power Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Shahjibazar Power Co'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.

Shahjibazar Power Co Interest Coverage Chart

Shahjibazar Power Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.22 9.99 13.48 26.06 496.96

Shahjibazar Power Co 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 0.96 0.00 2.61 2.46 2.40

DHA:SPCL vs CEG, VST, NRG: Interest Coverage Comparison

For the Utilities - Independent Power Producers subindustry, Shahjibazar Power Co'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.


Shahjibazar Power Co Interest Coverage vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Shahjibazar Power Co's Interest Coverage falls into.


DHA:SPCL
93GF Score
Shahjibazar Power Co Ltd DHA:SPCL
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shahjibazar Power Co 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.

Shahjibazar Power Co's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Shahjibazar Power Co's Interest Expense was BDT-2 Mil. Its Operating Income was BDT991 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT31 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*990.944/-1.994
=496.96

Shahjibazar Power Co's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Shahjibazar Power Co's Interest Expense was BDT-136 Mil. Its Operating Income was BDT325 Mil. And its Long-Term Debt & Capital Lease Obligation was BDT30 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*324.795/-135.578
=2.40

* 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 2.40 mean?
Shahjibazar Power Co (DHA:SPCL) has a Interest Coverage of 2.40 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Shahjibazar Power Co and its competitors. This is 80% below median its historical median of 11.74. Over the past decade, Shahjibazar Power Co's Interest Coverage has ranged from 2.40 to 496.96. According to the industry distribution chart, Shahjibazar Power Co ranks #152 out of 320 companies in the Utilities - Independent Power Producers industry, placing it in the top 47.5%.
Is Shahjibazar Power Co's Interest Coverage too high?
Shahjibazar Power Co's current Interest Coverage of 2.40 is 80% below median its 10-year median of 11.74. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 496.96. The Utilities - Independent Power Producers industry median Interest Coverage is 2.92. Shahjibazar Power Co's value of 2.40 is 17.7% below this industry median. Based on the distribution chart, Shahjibazar Power Co ranks #152 out of 320 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Shahjibazar Power Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shahjibazar Power Co's Interest Coverage compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Shahjibazar Power Co ranks #152 out of 320 companies for Interest Coverage. This puts Shahjibazar Power Co in the upper half of its industry. The industry median Interest Coverage is 2.92. Shahjibazar Power Co's value of 2.40 is 17.7% below this benchmark. Historically, Shahjibazar Power Co's own Interest Coverage has ranged from 2.40 to 496.96 over the past decade. While the company's 10-year median is 11.74 vs. the industry median of 2.92, Shahjibazar Power Co 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 an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.92, based on 320 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. Shahjibazar Power Co's current Interest Coverage of 2.40 is 17.7% 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 Shahjibazar Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shahjibazar Power Co's current Interest Coverage is 2.40, which is 80% below median its own 10-year median of 11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shahjibazar Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shahjibazar Power Co (DHA:SPCL) is currently considered Fairly Valued. The stock's GF Value™ is BDT56.70, compared to a current price of BDT54.50 — trading 3.9% below its estimated fair value. The current Interest Coverage is 2.40, which is 80% below median its 10-year median of 11.74 and 17.7% below the Utilities - Independent Power Producers industry median of 2.92. Shahjibazar Power Co's overall GF Score™ is 93/100 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 Shahjibazar Power Co (DHA:SPCL), the current Interest Coverage is 2.40 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 Shahjibazar Power Co (DHA:SPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Shahjibazar Power Co stock appears to be undervalued. The current stock price of BDT54.50 is trading 3.9% below its estimated GF Value™ of BDT56.70. GuruFocus considers Shahjibazar Power Co to be Fairly Valued.

Key valuation signals for DHA:SPCL:

  • Interest Coverage: 2.40 (80% below median its 10-year median of 11.74)
  • GF Value™: BDT56.70 vs. price of BDT54.50 (3.9% below fair value)
  • GF Score™: 93/100 with 7 warning signs
  • Industry Position: 17.7% below the Utilities - Independent Power Producers median (#152 of 320)

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


Shahjibazar Power Co Business Description

Address 822/2, Rokeya Sarani, Mirpur, Dhaka, BGD, 1216
Shahjibazar Power Co Ltd generates and supplies electricity in Bangladesh. It is engaged in the production and supply of petroleum products like liquid petroleum gas, special boiling point solvent, mineral turpentine, high-speed diesel, octane, kerosene, and fuel gas to the Bangladesh Petroleum Corporation (BPC). It generates revenue from only power generation.
93GF Score

Get the complete analysis for DHA:SPCL

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

BDT54.50
Price
BDT56.70
GF Value