Seneca Foods (Seneca Foods) Interest Expense : $-30 Mil (TTM As of Dec. 2023)

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What is Seneca Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seneca Foods's interest expense for the three months ended in Dec. 2023 was $ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Seneca Foods's Operating Income for the three months ended in Dec. 2023 was $ 31 Mil. Seneca Foods's Interest Expense for the three months ended in Dec. 2023 was $ -9 Mil. Seneca Foods's Interest Coverage for the quarter that ended in Dec. 2023 was 3.27. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seneca Foods Interest Expense Historical Data

The historical data trend for Seneca Foods's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seneca Foods Interest Expense Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-15.47

-11.86

-6.17

-5.70

-14.85

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.28	-6.82	-6.57	-7.19	-9.39

Seneca Foods Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30 Mil.

Seneca Foods (NAS:SENEA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seneca Foods's Interest Expense for the three months ended in Dec. 2023 was $-9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $638 Mil.

Seneca Foods's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	30.72	/	-9.388
	=	3.27

The higher the ratio, the stronger the company's financial strength is.

Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEA) » Definitions » Interest Expense

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SENEB:USA

Address

350 WillowBrook Office Park, Fairport, NY, USA, 14480

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.

Executives

Michael S Wolcott	officer: SVP Finance, CFO	350 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Pete Call	director	3736 SOUTH MAIN STREET, MARION NY 14505
Bruce Ware	director	3605 PATIENCE BLVD, DALLAS TX 75236
Arthur S Wolcott	director, 10 percent owner, officer: Chairman	1690 HARBORSOUND DRIVE, LONG BOAT KEY FL 34228
Linda K Nelson	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Gregory R Ide	officer: VP, Controller/Assit.Secretary	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Donald J Stuart	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Michael F Nozzolio	director	C/O SENECA FOODS CORPORATION, 3736 SOUTH MAIN STREET, MARION NY 14505
Timothy John Benjamin	officer: SVP, CFO and Treasurer	3736 SOUTH MAIN STREET, MARION NY 14505
Keith Alan Woodward	director	3736 S. MAIN STREET, MARION NY 14505
Kathryn Jean Boor	director	3736 S. MAIN STREET, MARION NY 14505
Timothy Robert Nelson	officer: Senior Vice President of Oper.	3736 S. MAIN STREET, MARION NY 14505
Matthew John Henschler	officer: Senior VP Technical Services	3736 SOUTH MAIN STREET, MARION NY 14505
Thomas Paulson	director	5540 PIONEER CREEK DR, MAPLE PLAIN MN 55359-9003
Sarah S Mortensen	officer: Assistant Secretary