SENEB (Seneca Foods) Long-Term Capital Lease Obligation : $16 Mil (As of Dec. 2024)

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What is Seneca Foods Long-Term Capital Lease Obligation?

Seneca Foods's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $16 Mil.

Seneca Foods's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 ($20 Mil) to Sep. 2024 ($17 Mil) and declined from Sep. 2024 ($17 Mil) to Dec. 2024 ($16 Mil).

Seneca Foods's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($42 Mil) to Mar. 2023 ($34 Mil) and declined from Mar. 2023 ($34 Mil) to Mar. 2024 ($26 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 Long-Term Capital Lease Obligation Chart

Seneca Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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67.13

47.00

42.48

33.97

26.02

Seneca Foods Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															26.72	26.02	20.16	16.63	15.75

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 Business Description

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

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SENEA:USA

Address

3736 South Main Street, Marion, NY, USA, 14505

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 Vegetable and Fruit/Snack. It generates maximum revenue from the Vegetable segment.