LINES OF CREDIT

12 Months Ended

Jun. 30, 2019

Line of Credit Facility [Abstract]

LINES OF CREDIT

The carrying value of the Company’s lines of credit approximates its fair value, because the interest rates associated with the lines of credit are adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities.

The Company’s credit rating provides it with readily and adequate access to funds in global markets.

As of June 30, 2019, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest	Expiration		Credit		Unused
Facility	Facility	Rate	Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore Trio-Tech (Tianjin) Co., Ltd. Universal (Far East) Pte. Ltd.	Lines of Credit Lines of Credit Lines of Credit	Ranging from 1.85% to 5.5% 5.22% to 6.3% Ranging from 1.85% to 5.5%	- - -	$ $ $	4,213 1,492 370	$ $ $	4,213 1,492 183

As of June 30, 2018, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest	Expiration		Credit		Unused
Facility	Facility	Rate	Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore Trio-Tech (Tianjin) Co., Ltd. Universal (Far East) Pte. Ltd.	Lines of Credit Lines of Credit Lines of Credit	Ranging from 1.6% to 5.5% 5.22% Ranging from 1.6% to 5.5%	- - -	$ $ $	4,183 1,511 367	$ $ $	3,325 437 256

On 4 January 2018, Trio-Tech International Pte. Ltd. signed an agreement with a bank to sub-allocate a portion of the facility thereunder to its subsidiary - Universal (Far East) Pte. Ltd. for an Accounts Payable Financing facility with the bank for SGD 500, or approximately $367 based on the market exchange rate. Interest is charged at 1.85% to 5.5%. The financing facility was set up to facilitate the working capital in our operations in Singapore. The Company started to use this facility in fiscal year 2018.