Seneca Foods (Seneca Foods) Long-Term Capital Lease Obligation

: $27 Mil (As of Dec. 2023)

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Seneca Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27 Mil.

Seneca Foods's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($31 Mil) to Sep. 2023 ($28 Mil) and declined from Sep. 2023 ($28 Mil) to Dec. 2023 ($27 Mil).

Seneca Foods's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($47 Mil) to Mar. 2022 ($42 Mil) and declined from Mar. 2022 ($42 Mil) to Mar. 2023 ($34 Mil).

Seneca Foods Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seneca Foods's Long-Term Capital Lease Obligation 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 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

31.29

67.13

47.00

42.48

33.97

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																34.60	33.97	30.68	28.20	26.72

Seneca Foods (NAS:SENEB) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Seneca Foods Long-Term Capital Lease Obligation Related Terms

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Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SENEA: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.