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Bank loans

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Bank loans

CUPRINA HOLDINGS (CAYMAN) LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

12 Bank loans

The Company has a 5 five-year S$100,000 unsecured fixed rate bank loan which expires in January 2026. The bank loan carries an interest rate of 2.5% per annum.

In November 2024, the Company has secured another 5 five-year S$200,000 unsecured fixed rate bank loan which expires in November 2029. The bank loan carries an interest rate of 8.0% per annum.

At December 31, 2023 and 2024, the carrying amount of the bank loans were S$42,550 and S$218,978 (US$160,978), respectively. Interest expenses for the years ended December 31, 2022, 2023 and 2024 are S$1,842, S$727 and S$1,783 (US$1,311), respectively.

The maturities schedule is as follows:

 Schedule of maturities

		Maturities schedule
		2024				2024
			S$				US$
Year ending December 31,
2025			55,250				40,616
2026			37,556				27,609
2027			40,022				29,421
2028			43,344				31,864
2029			42,806				31,468
Total			218,978				160,978
Less: current portion			(55,250	)			(40,616	)
Long-term portion			163,728				120,362

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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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