CVD EQUIPMENT CORP Debt Disclosure
Note 7 – Long-term Debt
Long-term debt consists of the following as of December 31 (in thousands):
| 2025 | 2024 | |||||||
| Equipment loan payable | $ | 181 | $ | 268 | ||||
| Less: current maturities | 181 | 87 | ||||||
| Long-term debt, net of current maturities | $ | $ | 181 | |||||
In September 2022, the Company entered into a loan agreement to fund the acquisition of equipment in the amount of $0.4 million payable in monthly repayment of $8,000 including interest at 6% per annum.
In February 2026, the Company repaid the loan in full in anticipation of selling the equipment as discussed in Note 5. Accordingly, the entire balance as of December 31, 2025 has been classified as a current liability.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 30, 2020 | |
| 2018 | Apr 1, 2019 | |
| 2016 | Mar 30, 2017 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.