Company: SENEA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033352
Chunk: 75

Company: Seneca Foods Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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			$
			105,692

			$
			30,090

			Long-term debt

			$
			246,441

			$
			406,612

			$
			253,822

			$
			585,786

			Operating lease obligations

			$
			6,365

			$
			6,660

			$
			6,924

			$
			13,758

			Finance lease obligations

			$
			6,821

			$
			9,973

			$
			8,377

			$
			12,259

			Finance obligation

			$
			16,048

			$
			18,830

			$
			17,421

			$
			-

			Total stockholders' equity per equivalent common share (1)

			$
			97.11

			$
			85.98

			$
			90.70

			$
			81.69

			Stockholders' equity per common share

			$
			98.11

			$
			86.87

			$
			91.63

			$
			82.51

			Current ratio

			2.59

			2.64

			3.52

			6.40

			(1)

			Equivalent common shares are either common shares or, for convertible preferred shares, the number of common shares that the preferred shares are convertible into. See Note 10 of the Notes to Consolidated Financial Statements of the Company’s 2025 Annual Report on Form 10-K for conversion details.

18

Material Cash Requirements: The Company’s primary liquidity requirements include debt service, capital expenditures and working capital needs. The Company may also seek strategic acquisitions to leverage existing capabilities and further build upon its existing business. Liquidity requirements are funded primarily through cash generated from operations and external sources of financing, including the revolving credit facility. The Company may also utilize its Receivables Purchase Program to manage short-term liquidity and provide working capital flexibility, as needed.

During the preceding fiscal years, working capital needs trended higher than previously experienced by the Company in part because of larger annual pack sizes needed to replenish the Company’s post-pandemic inventory levels to meet customer demand, and because of supply chain challenges