Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 74

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 driven by the impact of lower federal credits and higher earnings before income taxes as compared to the prior year quarter which increased the effective rate by 0.4%. The prior year quarter also benefited from interest received on a federal income tax refund, which resulted in a 0.7% increase in the current quarter effective rate on a comparative basis. The effective tax rate was further increased in the current quarter by additional state tax filings and partially offset by a decrease in the valuation allowance related to the usage of state tax credits.

17

Liquidity and Capital Resources

Selected financial data of the Company is summarized in the following table and explanatory review (dollar amounts in thousands, except per share data):

			June 28,

			June 29,

			March 31,

			March 31,

			2025

			2024

			2025

			2024

			Working capital:

			Balance

			$
			553,969

			$
			706,172

			$
			541,096

			$
			815,980

			Change in quarter

			$
			12,873

			$
			(109,808
			)

			Current portion of long-term debt, finance and lease obligations

			$
			24,419

			$
			107,440

			$
			105,692

			$
			30,090

			Long-term debt

			$
			259,497

			$
			473,065

			$
			253,822

			$
			585,786

			Operating lease obligations

			$
			6,997

			$
			8,925

			$
			6,924

			$
			13,758

			Financing lease obligations

			$
			7,559

			$
			11,231

			$
			8,377

			$
			12,259

			Finance obligation

			$
			16,739

			$
			-

			$
			17,421

			$
			-

			Total stockholders' equity per equivalent common share (1)

			$
			92.85

			$
			83.91

			$
			90.70

			$