Karat Packaging Balance Sheet Health
Financial Health criteria checks 6/6
Karat Packaging has a total shareholder equity of $162.7M and total debt of $49.5M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are $276.4M and $113.7M respectively. Karat Packaging's EBIT is $44.6M making its interest coverage ratio 185.8. It has cash and short-term investments of $49.4M.
Key information
30.4%
Debt to equity ratio
US$49.52m
Debt
Interest coverage ratio | 185.8x |
Cash | US$49.42m |
Equity | US$162.69m |
Total liabilities | US$113.71m |
Total assets | US$276.40m |
Recent financial health updates
No updates
Recent updates
At US$26.47, Is Karat Packaging Inc. (NASDAQ:KRT) Worth Looking At Closely?
Apr 19Karat Packaging (NASDAQ:KRT) Is Doing The Right Things To Multiply Its Share Price
Feb 12Do Karat Packaging's (NASDAQ:KRT) Earnings Warrant Your Attention?
Aug 13Should You Investigate Karat Packaging Inc. (NASDAQ:KRT) At US$17.55?
Jun 13Capital Allocation Trends At Karat Packaging (NASDAQ:KRT) Aren't Ideal
May 12Karat Packaging (NASDAQ:KRT) Hasn't Managed To Accelerate Its Returns
Oct 06Karat Packaging Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 16Karat Packaging Inc.'s (NASDAQ:KRT) Intrinsic Value Is Potentially 97% Above Its Share Price
Nov 19Karat Packaging Inc. (NASDAQ:KRT) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable
Jul 27Karat Packaging Inc.'s (NASDAQ:KRT) Intrinsic Value Is Potentially 31% Above Its Share Price
Jul 24Financial Position Analysis
Short Term Liabilities: KRT's short term assets ($154.9M) exceed its short term liabilities ($44.4M).
Long Term Liabilities: KRT's short term assets ($154.9M) exceed its long term liabilities ($69.3M).
Debt to Equity History and Analysis
Debt Level: KRT's net debt to equity ratio (0.06%) is considered satisfactory.
Reducing Debt: KRT's debt to equity ratio has reduced from 225.8% to 30.4% over the past 5 years.
Debt Coverage: KRT's debt is well covered by operating cash flow (107.8%).
Interest Coverage: KRT's interest payments on its debt are well covered by EBIT (185.8x coverage).