TRIO-TECH INTERNATIONAL Debt Disclosure
13. BANK LOANS PAYABLE
| June 30, | June 30, | |||||||
| 2025 | 2024 | |||||||
| Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in July 2028, bearing interest at the bank’s less % (% for both June 30, 2025 and 2024) per annum, with monthly payments of principal plus interest through July 2028, collateralized by the acquired building with a carrying value of $ and $, as of June 30, 2025 and 2024 respectively. | $ | 508 | $ | 596 | ||||
| Financing arrangement at fixed interest rate % per annum, with monthly payments of principal plus interest through July 2025. | 4 | 44 | ||||||
| Financing arrangement at fixed interest rate % per annum, with monthly payments of principal plus interest through December 2026. | 85 | 124 | ||||||
| Financing arrangement at fixed interest rate % per annum, with monthly payments of principal plus interest through August 2027. | 87 | 110 | ||||||
| Total bank loans payable | $ | 684 | $ | 874 | ||||
| Current portion of bank loans payable | 225 | 235 | ||||||
| Currency translation effect on current portion of bank loans | 31 | 26 | ||||||
| Current portion of bank loans payable | 256 | 261 | ||||||
| Long-term portion of bank loans payable | 368 | 591 | ||||||
| Currency translation effect on long-term portion of bank loans | 60 | 22 | ||||||
| Long-term portion of bank loans payable | $ | 428 | $ | 613 | ||||
Future minimum payments (excluding interest) as of June 30, 2025, were as follows:
| 2026 | $ | 256 | ||
| 2027 | 236 | |||
| 2028 | 181 | |||
| 2029 | 11 | |||
| Total obligations and commitments | $ | 684 |
Future minimum payments (excluding interest) as of June 30, 2024, were as follows:
| 2025 | $ | 260 | ||
| 2026 | 230 | |||
| 2027 | 212 | |||
| 2028 | 172 | |||
| Total obligations and commitments | $ | 874 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 19, 2025 | Showing above |
| 2024 | Sep 23, 2024 | |
| 2023 | Sep 27, 2023 | |
| 2022 | Sep 23, 2022 | |
| 2021 | Oct 1, 2021 | |
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.