TBVPF (Thai Beverage) Interest Coverage: 6.77 (As of Mar. 2026) — 34% Above Median


TBVPF Thai Beverage PLC TBVPF
58 GF Score
Price $0.34
GF Value $0.40
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thai Beverage Interest Coverage?

Thai Beverage TBVPF 58 Interest Coverage is 6.77 as of Mar. 2026, which is 34% above its 10-year median of 5.06. GuruFocus rates TBVPF with a GF Score™ of 58/100 and a GF Value™ of $0.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 159 Beverages - Alcoholic companies, Thai Beverage ranks worse than 66.04% 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. Thai Beverage's Operating Income for the six months ended in Mar. 2026 was $779 Mil. Thai Beverage's Interest Expense for the six months ended in Mar. 2026 was $-115 Mil. Thai Beverage's interest coverage for the quarter that ended in Mar. 2026 was 6.77. The higher the ratio, the stronger the company's financial strength is.

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

TBVPF' s Interest Coverage Range Over the Past 10 Years
Min: 4.43   Med: 5.06   Max: 27.63
Current: 5.46


TBVPF's Interest Coverage is ranked worse than
66.04% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 8.63 vs TBVPF: 5.46

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 Beverage  (OTCPK:TBVPF) 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 Beverage Interest Coverage Related Terms


Thai Beverage Interest Coverage Historical Data

* Premium members only.

The historical data trend for Thai Beverage'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.

Thai Beverage Interest Coverage Chart

Thai Beverage Annual Data
Trend Dec15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.95 6.20 5.15 5.03 4.84

Thai Beverage Semi-Annual Data
Jun16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.71 4.36 5.35 4.33 6.77

TBVPF vs BF.B: Interest Coverage Comparison

For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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 Beverage Interest Coverage vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Thai Beverage's Interest Coverage falls into.


TBVPF
58GF Score
Thai Beverage PLC TBVPF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Beverage 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 Beverage's Interest Coverage for the fiscal year that ended in Sep. 2025 is calculated as

Here, for the fiscal year that ended in Sep. 2025, Thai Beverage's Interest Expense was $-265 Mil. Its Operating Income was $1,284 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,924 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2025 )/Interest Expense (A: Sep. 2025 )
=-1*1284.143/-265.154
=4.84

Thai Beverage's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Thai Beverage's Interest Expense was $-115 Mil. Its Operating Income was $779 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,087 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*778.645/-114.975
=6.77

* 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 6.77 mean?
Thai Beverage (TBVPF) has a Interest Coverage of 6.77 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thai Beverage and its competitors. This is 34% above median its historical median of 5.06. Over the past decade, Thai Beverage's Interest Coverage has ranged from 4.43 to 27.63. According to the industry distribution chart, Thai Beverage ranks #105 out of 159 companies in the Beverages - Alcoholic industry, placing it in the top 66%.
Is Thai Beverage's Interest Coverage too high?
Thai Beverage's current Interest Coverage of 6.77 is 34% above median its 10-year median of 5.06. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 27.63. The Beverages - Alcoholic industry median Interest Coverage is 8.63. Thai Beverage's value of 6.77 is 21.6% below this industry median. Based on the distribution chart, Thai Beverage ranks #105 out of 159 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Thai Beverage has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Beverage's Interest Coverage compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Thai Beverage ranks #105 out of 159 companies for Interest Coverage. This places Thai Beverage in the lower half of its industry. The industry median Interest Coverage is 8.63. Thai Beverage's value of 6.77 is 21.6% below this benchmark. Historically, Thai Beverage's own Interest Coverage has ranged from 4.43 to 27.63 over the past decade. While the company's 10-year median is 5.06 vs. the industry median of 8.63, Thai Beverage 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 Beverages - Alcoholic company?
The median Interest Coverage among Beverages - Alcoholic companies is 8.63, based on 159 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. Thai Beverage's current Interest Coverage of 6.77 is 21.6% 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 Thai Beverage and its competitors. For the Beverages - Alcoholic industry, the median Interest Coverage is 8.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Beverage's current Interest Coverage is 6.77, which is 34% above median its own 10-year median of 5.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Beverage stock overvalued right now?
Based on GuruFocus' analysis, Thai Beverage (TBVPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.40, compared to a current price of $0.34 — trading 16.1% below its estimated fair value. The current Interest Coverage is 6.77, which is 34% above median its 10-year median of 5.06 and 21.6% below the Beverages - Alcoholic industry median of 8.63. Thai Beverage's overall GF Score™ is 58/100 with 3 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 Thai Beverage (TBVPF), the current Interest Coverage is 6.77 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 Thai Beverage (TBVPF) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Beverage stock appears to be undervalued. The current stock price of $0.34 is trading 16.1% below its estimated GF Value™ of $0.40. GuruFocus considers Thai Beverage to be Modestly Undervalued.

Key valuation signals for TBVPF:

  • Interest Coverage: 6.77 (34% above median its 10-year median of 5.06)
  • GF Value™: $0.40 vs. price of $0.34 (16.1% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 21.6% below the Beverages - Alcoholic median (#105 of 159)

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


Thai Beverage Business Description

Other Exchanges Y92:SingaporeT6W:Germany
Address 14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District, Bangkok, THA, 10900
Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segments include Spirits; production and sales of branded spirits products and soda. Beer: production and sales of raw materials, branded beer products, Chang soda and Chang water. Non-alcoholic beverages: production and sales of branded water, ready-to-drink coffee, energy drink, green tea, fruit flavored drinks and dairy products. Food: restaurants and distribution of food and beverages; and Others: publishing and printing. Key revenue is generated from Beer. It operates in Thailand, which generates the majority of revenue, Vietnam, Malaysia, Myanmar, Singapore and others.
58GF Score

Get the complete analysis for TBVPF

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

$0.34
Price
$0.40
GF Value