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.