The company maintains a moderate capital structure with a debt-to-equity ratio of 0.34 and $1.2 billion in total debt as of 2026Q4.
| Total Current Assets | 1.78B | 1.66B | 1.45B | 1.45B | 1.1B | 1.3B | 555.79M | 480.75M |
| Cash & Short-Term Investments | 1.16B | 1.05B | 456.03M | 957.38M | 719.21M | 967.58M | 143.57M | 51.91M |
| Cash Only | 1.16B | 1.05B | 456.03M | 957.38M | 719.21M | 102.84M | 143.57M | 51.91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 864.75M | 0 | 0 |
| Accounts Receivable | 607.07M | 476.15M | 411.39M | 349.13M | 317.92M | 284.71M | 242.99M | 201.42M |
| Days Sales Outstanding | 40.44 | 38.05 | 35.7 | 36.34 | 42.26 | 45.37 | 45.67 | 43.43 |
| Inventory | 5.79M | 3.84M | 6.53M | 78.47M | 24.93M | 0 | 148.49M | 206.01M |
| Days Inventory Outstanding | 1.2 | 1.03 | 1.57 | 23.2 | 9.87 | - | 94.3 | 155.13 |
| Other Current Assets | 0 | 136.11M | 575.17M | 65.05M | 15.04M | 0 | 0 | 0 |
| Total Non-Current Assets | 4.07B | 3.43B | 2.83B | 2.27B | 1.94B | 1.56B | 1.25B | 1.05B |
| Property, Plant & Equipment | 3.18B | 2.52B | 2.02B | 1.58B | 1.37B | 1.11B | 836.91M | 701.08M |
| Fixed Asset Turnover | 1.72x | 1.81x | 2.08x | 2.22x | 2.01x | 2.06x | 2.32x | 2.41x |
| Goodwill | 168.81M | 175.58M | 225.65M | 210.63M | 183.19M | 121.67M | 128.79M | 122.09M |
| Intangible Assets | 82.45M | 83.35M | 82.49M | 84.9M | 75.71M | 58.15M | 39.9M | 18.46M |
| Long-Term Investments | 28.96M | 28.8M | 27.99M | 25.96M | 20.4M | 19.01M | 0 | 0 |
| Other Non-Current Assets | 475.29M | 507.48M | 390.36M | 309.05M | 237.13M | 197.05M | 141.57M | 108.54M |
| Total Assets | 5.85B | 5.1B | 4.27B | 3.72B | 3.04B | 2.86B | 1.81B | 1.53B |
| Asset Turnover | 0.94x | 0.90x | 0.98x | 0.94x | 0.90x | 0.80x | 1.07x | 1.11x |
| Asset Growth % | 14.69% | 19.26% | 14.93% | 22.47% | 6.3% | 58.07% | 18.2% | - |
| Total Current Liabilities | 1.68B | 1.46B | 933.29M | 782.57M | 613.43M | 1.41B | 398.57M | 370.22M |
| Accounts Payable | 591.07M | 373.64M | 365.99M | 269.89M | 97.65M | 89.58M | 55.93M | 59.05M |
| Days Payables Outstanding | 122.93 | 99.96 | 88.19 | 79.79 | 38.63 | 48.77 | 35.52 | 44.46 |
| Short-Term Debt | 591.92M | 568.07M | 92.24M | 73.88M | 77.82M | 935.58M | 48.97M | 68.17M |
| Deferred Revenue (Current) | 409.23M | 359.06M | 323.37M | 281.21M | 214.41M | 157.88M | 149.81M | 80.37M |
| Other Current Liabilities | 85.77K | 99M | 78.87M | 102.07M | 183.34M | 197.39M | 121.35M | 120.51M |
| Current Ratio | 1.06x | 1.14x | 1.55x | 1.85x | 1.79x | 0.93x | 1.39x | 1.30x |
| Quick Ratio | 1.05x | 1.14x | 1.55x | 1.75x | 1.75x | 0.93x | 1.02x | 0.74x |
| Cash Conversion Cycle | -81.29 | -60.88 | -50.92 | -20.25 | 13.49 | - | 104.45 | 154.1 |
| Total Non-Current Liabilities | 806.21M | 383.1M | 361.3M | 267.91M | 286.31M | 194.46M | 208.78M | 321.19M |
| Long-Term Debt | 402.49M | 31.75M | 41.33M | 37.97M | 69.97M | 10.26M | 17.45M | 218.74M |
| Capital Lease Obligations | 159.99M | 127.7M | 130.29M | 67.29M | 63.67M | 59.08M | 61.32M | 69.25M |
| Deferred Tax Liabilities | 119.9M | 96.23M | 69.31M | 51.44M | 46.26M | 41.18M | 83.63M | 33.19M |
| Other Non-Current Liabilities | 16 | 0 | 0 | 0 | 0 | 0 | -8.29M | 0 |
| Total Liabilities | 2.49B | 1.84B | 1.29B | 1.05B | 899.74M | 1.6B | 607.35M | 691.41M |
| Total Debt | 1.15B | 727.53M | 263.86M | 179.14M | 211.46M | 1B | 127.74M | 356.17M |
| Net Debt | -9.78M | -319.07M | -192.17M | -778.24M | -507.75M | 902.08M | -15.83M | 304.26M |
| Debt / Equity | 0.34x | 0.22x | 0.09x | 0.07x | 0.10x | 0.80x | 0.11x | 0.43x |
| Debt / EBITDA | 0.80x | 0.35x | 0.15x | 0.12x | 0.17x | 0.86x | 0.13x | 0.47x |
| Net Debt / EBITDA | -0.01x | -0.15x | -0.11x | -0.52x | -0.40x | 0.77x | -0.02x | 0.40x |
| Interest Coverage | 20.10x | 25.01x | 66.99x | 89.49x | 56.24x | 75.81x | 37.64x | 15.99x |
| Total Equity | 3.36B | 3.26B | 2.98B | 2.67B | 2.14B | 1.26B | 1.2B | 837.54M |
| Equity Growth % | 3.06% | 9.31% | 11.66% | 24.87% | 70.03% | 4.74% | 43.26% | - |
| Book Value per Share | 108.66 | 105.43 | 96.28 | 86.21 | 69.04 | 58.34 | 55.70 | 41.19 |
| Total Shareholders' Equity | 3.31B | 3.21B | 2.94B | 2.64B | 2.11B | 838.18M | 860.13M | 618.34M |
| Common Stock | 7.21B | 7.17B | 7.09B | 7.08B | 7.02B | 2.68B | 9.79K | 10K |
| Retained Earnings | 2.43B | 2.12B | 1.79B | 1.55B | 1.25B | 798.89M | 818.76M | 598.54M |
| Treasury Stock | 0 | 0 | -23.63M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.33B | -6.07B | -5.92B | -5.99B | -6.16B | -2.65B | 41.36M | 19.8M |
| Minority Interest | 45.43M | 43.25M | 40.62M | 30.64M | 22.51M | 418.58M | 339.77M | 219.2M |
Capital intensity and FX
As reported in recent financial statements, Karooooo’s net PPE has grown steadily to $3.2 billion by 2026Q4, reflecting a business model that requires significant physical asset investment to support its proprietary telematics hardware and recovery network across its core operating geographies.
The consistent expansion of PPE relative to total assets suggests that the company remains in a high-growth phase requiring substantial physical footprint. Investors should monitor whether this asset-heavy approach continues to yield commensurate returns on invested capital as the company scales its logistics and marketplace segments.
Based on the latest quarterly filings, Karooooo’s total debt increased to $1.2 billion in 2026Q4, resulting in a debt-to-equity ratio of 0.34, which indicates that management is utilizing moderate leverage to fund its ongoing operational expansion while maintaining a relatively conservative capital structure.
The rise in debt levels appears to be a strategic choice to support infrastructure deployment rather than a necessity-driven move. While the current leverage remains manageable, the company's ability to service this debt will depend on the continued durability of its high-margin SaaS subscription revenue streams.
According to the provided balance sheet data, the current ratio fluctuated to 1.06 in 2026Q4, reflecting a tightening liquidity position compared to historical peaks, as the company balances its cash reserves against the working capital requirements of its expanding physical vehicle marketplace operations.
The compression in the current ratio suggests that liquidity is being actively deployed into inventory and operational growth rather than being held as idle cash. Investors should watch for further volatility in this metric, as it may indicate potential pressure on the company's ability to meet short-term obligations if market conditions deteriorate.
As disclosed in recent financial reports, Karooooo carries $168.8 million in goodwill as of 2026Q4, a figure that warrants close scrutiny as the company integrates its newer business segments and navigates the inherent risks of its capital-intensive expansion strategy in emerging markets.
While the current level of goodwill appears relatively modest compared to total assets, any future impairment could signal that the expected synergies from its diversified business model are not materializing as planned. This potential for non-cash charges suggests that headline equity figures may be slightly overstated if the underlying business units underperform.
Quick answers to the most common questions about buying KARO stock.
As of 2026, Karooooo Ltd. (KARO) had total assets of $5.85B including $1.78B in current assets.
Karooooo Ltd. (KARO) carries total debt of $1.15B, offset by $1.16B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Karooooo Ltd. (KARO) has total shareholders' equity (book value) of $3.31B ($108.66 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Karooooo Ltd. (KARO) reported a current ratio of 1.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.