NOCERA, INC. Debt Disclosure
Note 12 OTHER BORROWINGS
Others loans consisted of the following:
| For the years ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Secured loan from Chailease Finance Co., Ltd wholly repayable within 1 year | $ | – | $ | 487,800 | ||||
| Total secured loan wholly repayable within 1 year | – | 487,800 | ||||||
| Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year | – | – | ||||||
| Secured car loan from CITIC Bank wholly repayable | 30,417 | – | ||||||
| Total secured car loan wholly repayable within 1 year | 6,631 | – | ||||||
| Secured car loan from CITIC Bank wholly repayable more than 1 year | 23,786 | – | ||||||
| Total | $ | 30,417 | $ | 487,800 | ||||
The loan has been repaid in full.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | May 6, 2025 | Showing above |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 31, 2023 | |
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.