Karat Packaging Balance Sheet Health
Financial Health criteria checks 6/6
Karat Packaging has a total shareholder equity of $163.6M and total debt of $48.7M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are $306.8M and $143.2M respectively. Karat Packaging's EBIT is $37.9M making its interest coverage ratio -104.3. It has cash and short-term investments of $60.4M.
Key information
29.8%
Debt to equity ratio
US$48.73m
Debt
| Interest coverage ratio | -104.3x |
| Cash | US$60.43m |
| Equity | US$163.60m |
| Total liabilities | US$143.21m |
| Total assets | US$306.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0WJ's short term assets ($170.1M) exceed its short term liabilities ($54.5M).
Long Term Liabilities: 0WJ's short term assets ($170.1M) exceed its long term liabilities ($88.7M).
Debt to Equity History and Analysis
Debt Level: 0WJ has more cash than its total debt.
Reducing Debt: 0WJ's debt to equity ratio has reduced from 317% to 29.8% over the past 5 years.
Debt Coverage: 0WJ's debt is well covered by operating cash flow (102.7%).
Interest Coverage: 0WJ earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/20 02:25 |
| End of Day Share Price | 2024/08/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Karat Packaging Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Newby | D.A. Davidson & Co. |
| Ryan Meyers | Lake Street Capital Markets, LLC |
| Michael Hoffman | Stifel, Equities Research |