TAWNF (Thai Airways International PCL) Interest Coverage : 3.53 (As of Mar. 2025)

View and export this data going back to . Start your Free Trial

What is Thai Airways International PCL Interest Coverage?

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. Thai Airways International PCL's Operating Income for the three months ended in Mar. 2025 was $364 Mil. Thai Airways International PCL's Interest Expense for the three months ended in Mar. 2025 was $-103 Mil. Thai Airways International PCL's interest coverage for the quarter that ended in Mar. 2025 was 3.53. 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. Thai Airways International PCL interest coverage is 2.12, which is low.

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

TAWNF' s Interest Coverage Range Over the Past 10 Years
Min: 0.54 Med: 1.06 Max: 2.27
Current: 2.12

TAWNF's Interest Coverage is ranked worse than
79.59% of 838 companies
in the Transportation industry
Industry Median: 6.05 vs TAWNF: 2.12

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

Thai Airways International PCL Interest Coverage Historical Data

The historical data trend for Thai Airways International 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.

* Premium members only.

Thai Airways International PCL Interest Coverage Chart

Thai Airways International PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

0.54

2.27

2.09

Thai Airways International PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial															3.06	1.02	0.89	3.51	3.53

Competitive Comparison of Thai Airways International PCL's Interest Coverage

For the Airlines subindustry, Thai Airways International 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.

Thai Airways International PCL's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Thai Airways International PCL's Interest Coverage falls into.

Save Embed

;

Save Embed

;

Thai Airways International 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.

Thai Airways International PCL's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Thai Airways International PCL's Interest Expense was $-550 Mil. Its Operating Income was $1,150 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,492 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1150.453	/	-550.074
	=	2.09

Thai Airways International PCL's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Thai Airways International PCL's Interest Expense was $-103 Mil. Its Operating Income was $364 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,448 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	364.255	/	-103.061
	=	3.53

The higher the ratio, the stronger the company's Financial Strength is.

Thai Airways International PCL (OTCPK:TAWNF) 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 .

Thai Airways International PCL Interest Coverage Related Terms

Thank you for viewing the detailed overview of Thai Airways International PCL's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Airways International PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.