Seneca Foods Corp.
0.0 %
35.29 %
Yet to be announced
Company Overview
Seneca Foods Corporation is a leading provider of packaged fruits and vegetables in the United States. The company processes and distributes canned, frozen, and bottled produce, operating multiple processing facilities across the country. Their products are sold under various brand names including Seneca, Libby's, Green Valley, and several private label brands.
The company's primary business activities involve the purchase of raw produce from farmers, processing these agricultural products, and selling them through various retail and food service channels. Their operations include the production of canned vegetables, frozen vegetables, and fruit products.
Revenue Sources
Based on SEC filings and company reports, Seneca Foods' revenue is derived primarily from the processing and sale of fruits and vegetables. These are halal food products and there is no indication of any revenue from haram sources such as alcohol, pork, gambling, or other prohibited items. The company's business model is focused entirely on processing and distributing permissible food products.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 28, 2024 | $425.46m | $409.62m | - | $9.01m | 0.00% | 2.20% |
| June 29, 2024 | $304.73m | $289.43m | - | $10.35m | 0.00% | 3.57% |
| March 31, 2024 | $301.92m | $296.16m | - | $7.1m | 0.00% | 2.40% |
| Dec. 30, 2023 | $444.48m | $423.15m | - | $9.39m | 0.00% | 2.22% |
Looking at the last four quarters, the company's interest expense relative to total expenses remains consistently below concerning levels. The interest expenses are primarily related to operational financing and working capital needs, which is typical for agricultural processing businesses due to seasonal nature of operations.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily concentrated in the United States, and there are no documented current material relationships with the state of Israel or the Chinese Communist Party.
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