Karat Packaging Inc. (KRT)

Karat Packaging Balance Sheet

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

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