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	-	31.58	23.08	16.04	6.48	0.45
Short-Term Investments	-	28.34	26.34	-	-	-
Cash & Short-Term Investments	59.93	59.93	49.42	16.04	6.48	0.45
Cash Growth	28.44%	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	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	162.2	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	92.87	71.01	58.65	37.85	101.4
Net Cash (Debt)	-32.94	-32.94	-21.59	-42.61	-31.37	-100.95
Net Cash Per Share	-1.63	-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	-	114.55	110.53	84.55	72.11	36.64
Book Value Per Share	7.78	7.78	7.72	7.13	6.21	2.14
Tangible Book Value	151.76	151.76	150.28	137.82	119.01	29.29
Tangible Book Value Per Share	7.59	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