Karat Packaging Inc. (KRT)

Karat Packaging Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	32.47	31.58	23.08	16.04	6.48	0.45
Short-Term Investments	23.8	28.34	26.34	-	-	-
Cash & Short-Term Investments	56.27	59.93	49.42	16.04	6.48	0.45
Cash Growth	20.61%	21.26%	208.08%	147.43%	1347.10%	-44.14%
Receivables	32.4	26.74	27.76	29.91	32.78	23.84
Inventory	79.91	70.72	71.53	71.21	58.47	48.96
Prepaid Expenses	3.4	3.61	6.22	6.64	5.14	6.53
Total Current Assets	171.98	161	154.93	123.8	102.87	79.78
Property, Plant & Equipment	134.99	128.61	115.97	111.28	93.48	95.53
Goodwill	3.51	3.51	3.51	3.51	3.51	3.11
Other Intangible Assets	0.29	0.3	0.33	0.35	0.38	-
Long-Term Deferred Tax Assets	0.2	-	-	-	-	0.06
Other Long-Term Assets	1.25	1.11	1.67	13.23	7.36	2.62
Total Assets	312.22	294.52	276.4	252.18	207.6	181.1
Accounts Payable	29.58	20.96	23.75	23.5	20.47	25.11
Accrued Expenses	17.06	13.62	10.58	9.01	7.44	4.66
Current Portion of Long-Term Debt	1.19	1.18	1.12	0.96	1.18	11.36
Current Portion of Leases	11	8.98	4.8	4.51	-	0.32
Current Income Taxes Payable	-	-	-	-	0.09	0.04
Current Unearned Revenue	1.14	0.81	3.75	1.28	-	-
Other Current Liabilities	0.13	0.9	0.4	-	1.59	1.65
Total Current Liabilities	60.08	46.45	44.4	39.25	30.76	43.14
Long-Term Debt	46.99	47.28	48.4	41.56	36.67	89.43
Long-Term Leases	41.54	35.44	16.69	11.62	-	0.29
Long-Term Unearned Revenue	-	2.37	-	2.65	2.5	2.2
Long-Term Deferred Tax Liabilities	0.62	0.43	4.2	5.16	5.63	6.18
Other Long-Term Liabilities	2.78	0.36	0.03	-	0	-
Total Liabilities	152.01	132.32	113.71	100.24	75.57	141.24
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	89.8	89.46	86.67	85.79	83.69	13.98
Retained Earnings	63.73	66.34	67.68	56.12	39.43	18.66
Treasury Stock	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25
Total Common Equity	153.31	155.57	154.12	141.68	122.9	32.4
Minority Interest	6.9	6.63	8.57	10.25	9.13	7.46
Shareholders' Equity	160.21	162.2	162.69	151.93	132.03	39.87
Total Liabilities & Equity	312.22	294.52	276.4	252.18	207.6	181.1
Total Debt	100.71	92.87	71.01	58.65	37.85	101.4
Net Cash (Debt)	-44.44	-32.94	-21.59	-42.61	-31.37	-100.95
Net Cash Per Share	-2.20	-1.64	-1.08	-2.14	-1.69	-6.54
Filing Date Shares Outstanding	20.04	20.04	19.97	19.89	19.81	15.17
Total Common Shares Outstanding	20.04	19.99	19.97	19.89	19.8	15.17
Working Capital	111.9	114.55	110.53	84.55	72.11	36.64
Book Value Per Share	7.65	7.78	7.72	7.13	6.21	2.14
Tangible Book Value	149.5	151.76	150.28	137.82	119.01	29.29
Tangible Book Value Per Share	7.46	7.59	7.53	6.93	6.01	1.93
Land	11.91	11.91	11.91	11.91	11.91	11.91
Buildings	38.78	38.78	38.5	36.6	35.39	34.13
Machinery	76.54	76.43	75.47	78.57	67.81	60.37
Construction In Progress	0.72	0.43	-	-	-	-
Leasehold Improvements	19.21	19.19	19.09	19.06	18.66	17.83

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q