Seneca Foods (Seneca Foods) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Seneca Foods Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Seneca Foods's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Seneca Foods couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Seneca Foods's Cash-to-Debt or its related term are showing as below:

SENEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.35
Current: 0.01

During the past 13 years, Seneca Foods's highest Cash to Debt Ratio was 0.35. The lowest was 0.01. And the median was 0.04.

SENEA's Cash-to-Debt is ranked worse than
97.09% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs SENEA: 0.01

Seneca Foods Cash-to-Debt Historical Data

The historical data trend for Seneca Foods's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Seneca Foods Cash-to-Debt Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.04

0.03

0.35

0.06

0.03

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.01

Competitive Comparison of Seneca Foods's Cash-to-Debt

For the Packaged Foods subindustry, Seneca Foods's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Seneca Foods's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Seneca Foods's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Seneca Foods's Cash-to-Debt falls into.

Seneca Foods Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Seneca Foods's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	12.256	/	(25.792	+	466.663)
	=	0.02

Seneca Foods's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7.168	/	(30.582	+	638.068)
	=	0.01

Seneca Foods (NAS:SENEA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Seneca Foods Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Seneca Foods's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (NAS:SENEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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