Seneca Foods (Seneca Foods) Cash Ratio : 0.03 (As of Dec. 2023)

View and export this data going back to 1972. Start your Free Trial

What is Seneca Foods Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Seneca Foods's Cash Ratio for the quarter that ended in Dec. 2023 was 0.03.

Seneca Foods has a Cash Ratio of 0.03. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

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

SENEB' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.38
Current: 0.03

During the past 13 years, Seneca Foods's highest Cash Ratio was 0.38. The lowest was 0.01. And the median was 0.06.

SENEB's Cash Ratio is ranked worse than
90.83% of 1843 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs SENEB: 0.03

Seneca Foods Cash Ratio Historical Data

The historical data trend for Seneca Foods's Cash Ratio 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.

* Premium members only.

Seneca Foods Cash Ratio Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash Ratio

Get a 7-Day Free Trial

0.10

0.07

0.38

0.06

0.08

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 Ratio	Get a 7-Day Free Trial															0.05	0.08	0.06	0.03	0.03

Competitive Comparison of Seneca Foods's Cash Ratio

For the Packaged Foods subindustry, Seneca Foods's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Seneca Foods's Cash Ratio falls into.

Seneca Foods Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

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

Cash Ratio (A: Mar. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	12.256	/	156.188
	=	0.08

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

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	7.168	/	224.049
	=	0.03

Seneca Foods (NAS:SENEB) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Seneca Foods Cash Ratio Related Terms

Thank you for viewing the detailed overview of Seneca Foods's Cash Ratio 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:SENEB) » Definitions » Cash Ratio

Comparable Companies

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.