Karat Packaging Inc. (KRT)

Karat Packaging Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	38.9	23.08	16.04	6.48	0.45	0.8
Short-Term Investments	21.53	26.34	-	-	-	-
Cash & Short-Term Investments	60.43	49.42	16.04	6.48	0.45	0.8
Cash Growth	30.74%	208.08%	147.43%	1347.10%	-44.14%	-16.89%
Receivables	33.87	27.76	29.91	32.78	23.84	21.71
Inventory	70.92	71.53	71.21	58.47	48.96	35.43
Prepaid Expenses	4.87	6.22	6.64	5.14	6.53	3.09
Total Current Assets	170.09	154.93	123.8	102.87	79.78	61.03
Property, Plant & Equipment	131.52	115.97	111.28	93.48	95.53	59.02
Goodwill	3.51	3.51	3.51	3.51	3.11	-
Other Intangible Assets	0.31	0.33	0.35	0.38	-	-
Long-Term Deferred Tax Assets	-	-	-	-	0.06	-
Other Long-Term Assets	1.37	1.67	13.23	7.36	2.62	13.31
Total Assets	306.8	276.4	252.18	207.6	181.1	133.35
Accounts Payable	27.34	23.75	23.5	20.47	25.11	24.14
Accrued Expenses	12.75	10.58	9.01	7.44	4.66	2.49
Current Portion of Long-Term Debt	1.17	1.12	0.96	1.18	11.36	6.89
Current Portion of Leases	8.62	4.8	4.51	-	0.32	0.32
Current Income Taxes Payable	-	-	-	0.09	0.04	0.03
Current Unearned Revenue	0.91	3.75	1.28	-	-	-
Other Current Liabilities	3.7	0.4	-	1.59	1.65	2.07
Total Current Liabilities	54.48	44.4	39.25	30.76	43.14	35.93
Long-Term Debt	47.57	48.4	41.56	36.67	89.43	68.66
Long-Term Leases	36.6	16.69	11.62	-	0.29	0.64
Long-Term Unearned Revenue	-	-	2.65	2.5	2.2	1.9
Long-Term Deferred Tax Liabilities	4.2	4.2	5.16	5.63	6.18	2.18
Other Long-Term Liabilities	0.36	0.03	-	0	-	-
Total Liabilities	143.21	113.71	100.24	75.57	141.24	109.3
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	88.82	86.67	85.79	83.69	13.98	13.98
Retained Earnings	68.72	67.68	56.12	39.43	18.66	1.75
Treasury Stock	-0.25	-0.25	-0.25	-0.25	-0.25	-
Total Common Equity	157.31	154.12	141.68	122.9	32.4	15.74
Minority Interest	6.28	8.57	10.25	9.13	7.46	8.31
Shareholders' Equity	163.6	162.69	151.93	132.03	39.87	24.05
Total Liabilities & Equity	306.8	276.4	252.18	207.6	181.1	133.35
Total Debt	93.95	71.01	58.65	37.85	101.4	76.5
Net Cash (Debt)	-33.52	-21.59	-42.61	-31.37	-100.95	-75.7
Net Cash Per Share	-1.67	-1.08	-2.14	-1.69	-6.54	-4.98
Filing Date Shares Outstanding	20.02	19.97	19.89	19.81	15.17	15.19
Total Common Shares Outstanding	20.02	19.97	19.89	19.8	15.17	15.19
Working Capital	115.61	110.53	84.55	72.11	36.64	25.1
Book Value Per Share	7.86	7.72	7.13	6.21	2.14	1.04
Tangible Book Value	153.5	150.28	137.82	119.01	29.29	15.74
Tangible Book Value Per Share	7.67	7.53	6.93	6.01	1.93	1.04
Land	11.91	11.91	11.91	11.91	11.91	3.02
Buildings	38.78	38.5	36.6	35.39	34.13	17.24
Machinery	77.06	75.47	78.57	67.81	60.37	44.23
Construction In Progress	0.32	-	-	-	-	-
Leasehold Improvements	19.19	19.09	19.06	18.66	17.83	15.07

Source: S&P Capital IQ. Standard template. Financial Sources.