Seneca Foods (Seneca Foods) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2023)

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

What is Seneca Foods LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Seneca Foods's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.43.

Seneca Foods's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.43). It may suggest that Seneca Foods is progressively becoming more dependent on debt to grow their business.

Seneca Foods LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seneca Foods's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.35

0.31

0.16

0.39

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.39	0.36	0.33	0.43

Seneca Foods LT-Debt-to-Total-Asset Calculation

Seneca Foods's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	466.663	/	1212.721
	=	0.38

Seneca Foods's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	638.068	/	1489.537
	=	0.43

Seneca Foods (NAS:SENEB) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Seneca Foods LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Seneca Foods's LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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.