Seneca Foods (Seneca Foods) Debt-to-Equity : 1.13 (As of Dec. 2023)

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What is Seneca Foods Debt-to-Equity?

Seneca Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31 Mil. Seneca Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $638 Mil. Seneca Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $593 Mil. Seneca Foods's debt to equity for the quarter that ended in Dec. 2023 was 1.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

SENEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.8 Max: 1.13
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Seneca Foods was 1.13. The lowest was 0.29. And the median was 0.80.

SENEL's Debt-to-Equity is ranked worse than
80.85% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SENEL: 1.13

Seneca Foods Debt-to-Equity Historical Data

The historical data trend for Seneca Foods's Debt-to-Equity 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 Debt-to-Equity Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.73

0.79

0.29

0.31

0.89

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.78	0.89	0.83	0.95	1.13

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

For the Packaged Foods subindustry, Seneca Foods's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Seneca Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(25.792	+	466.663)	/	554.75
	=	0.89

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.582	+	638.068)	/	593.438
	=	1.13

Seneca Foods (OTCPK:SENEL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Seneca Foods Debt-to-Equity 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 (OTCPK:SENEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SENEB:USA 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.