Company: SENEA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033352
Chunk: 28

Company: Seneca Foods Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 28
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2025

			2024

			Working capital:

			Balance

			$
			575,940

			$
			669,978

			$
			541,096

			$
			815,980

			Change in quarter

			$
			21,971

			$
			(36,194
			)

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

			$
			24,049

			$
			107,891

			$
			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