Karat Packaging Inc. (KRT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 161.04M | 155.96M | 170.68M | 186.25M | 171.98M | 161M | 170.09M | 169.84M | 160.53M | 154.93M | 158.69M | 161M | 141.56M | 123.8M | 124.81M | 134.14M | 133.53M | 102.87M | 100.85M | 105.96M |
| Cash & Short-Term Investments | 34.42M | 37.88M | 43.97M | 56.99M | 56.27M | 59.93M | 60.43M | 52.05M | 46.66M | 49.42M | 46.23M | 46.26M | 33.23M | 16.04M | 7.53M | 3.5M | 6.82M | 6.48M | 1.68M | 7.68M |
| Cash Only | 28.68M | 37.88M | 24.02M | 30.55M | 32.47M | 31.58M | 38.9M | 19.31M | 13.14M | 23.08M | 28.16M | 18.26M | 23.23M | 16.04M | 7.53M | 3.5M | 6.82M | 6.48M | 1.68M | 7.68M |
| Short-Term Investments | 5.74M | 0 | 19.95M | 26.44M | 23.8M | 28.34M | 21.53M | 32.74M | 33.52M | 26.34M | 18.06M | 28M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 42.27M | 36.4M | 37.87M | 36.38M | 32.4M | 26.74M | 33.87M | 33.68M | 30.11M | 27.76M | 33.98M | 32.82M | 32.97M | 29.91M | 36.73M | 38.47M | 43.34M | 32.78M | 33.28M | 32.6M |
| Days Sales Outstanding | 30.27 | 29.55 | 27.43 | 25.24 | 25.68 | 27.43 | 27.55 | 25.78 | 27.54 | 29.72 | 29.12 | 27.53 | 29.54 | 33.08 | 31.45 | 32.4 | 32.49 | 33.27 | 29.5 | 28 |
| Inventory | 80.01M | 81.68M | 84.13M | 88.78M | 79.91M | 70.72M | 70.92M | 79.84M | 79.27M | 71.53M | 71.66M | 76.3M | 70.91M | 71.21M | 73.29M | 85.47M | 77.34M | 58.47M | 60.21M | 62.25M |
| Days Inventory Outstanding | 95 | 100.01 | 97.48 | 102.5 | 107.83 | 105.38 | 100.11 | 104.63 | 118.28 | 107.12 | 102.21 | 100.15 | 110.92 | 105.5 | 96.31 | 91.55 | 85.93 | 86.62 | 77.25 | 74.19 |
| Other Current Assets | 4.33M | 0 | 0 | 4.09M | 3.4M | 3.61M | 4.87M | 4.26M | 4.49M | 6.22M | 6.82M | 5.63M | 4.45M | 6.64M | 7.26M | 0 | 6.04M | 0 | 0 | 0 |
| Total Non-Current Assets | 121.65M | 131.72M | 132.16M | 134.71M | 140.24M | 133.53M | 136.71M | 140.85M | 118.5M | 121.47M | 121.28M | 125.93M | 131.72M | 128.38M | 114.65M | 113.05M | 106.85M | 104.73M | 102.64M | 101.12M |
| Property, Plant & Equipment | 116.41M | 0 | 127.14M | 129.68M | 134.99M | 128.61M | 131.52M | 135.68M | 113.21M | 115.97M | 113.76M | 114.11M | 114.13M | 111.28M | 94.35M | 95.04M | 92.14M | 93.47M | 94.04M | 92.94M |
| Fixed Asset Turnover | 1.00x | - | 0.97x | 0.94x | 0.79x | 0.78x | 0.84x | 0.90x | 0.83x | 0.83x | 0.93x | 0.95x | 0.85x | 0.90x | 1.16x | 1.23x | 1.14x | 0.97x | 1.10x | 1.01x |
| Goodwill | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M | 3.51M |
| Intangible Assets | 267K | 273K | 280K | 287K | 293K | 300K | 307K | 313K | 320K | 327K | 333K | 340K | 347K | 353K | 360K | 367K | 373K | 380K | 387K | 393K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.24M | 0 |
| Other Non-Current Assets | 1.21M | 127.94M | 1.23M | 1.04M | 1.25M | 1.1M | 1.37M | 1.34M | 1.46M | 1.67M | 3.67M | 7.97M | 13.74M | 13.23M | 16.44M | 14.13M | 10.83M | 7.36M | 399K | 4.22M |
| Total Assets | 282.68M | 287.69M | 302.84M | 320.96M | 312.22M | 294.52M | 306.8M | 310.69M | 279.04M | 276.4M | 279.96M | 286.93M | 273.28M | 252.18M | 239.46M | 247.19M | 240.38M | 207.6M | 203.49M | 207.08M |
| Asset Turnover | 0.41x | 0.39x | 0.40x | 0.39x | 0.34x | 0.34x | 0.37x | 0.38x | 0.34x | 0.34x | 0.37x | 0.39x | 0.36x | 0.38x | 0.45x | 0.47x | 0.47x | 0.44x | 0.50x | 0.49x |
| Asset Growth % | -9.46% | -2.32% | -1.29% | 3.31% | 11.89% | 6.56% | 9.59% | 8.28% | 2.11% | 9.61% | 16.91% | 16.08% | 13.69% | 21.47% | 17.68% | 19.37% | 35.91% | 14.63% | 12.59% | 21.27% |
| Total Current Liabilities | 70.35M | 70.22M | 79.6M | 69.5M | 60.08M | 46.45M | 54.48M | 55.61M | 48.19M | 44.4M | 45.7M | 50.72M | 44.18M | 39.25M | 34.83M | 37.41M | 39.83M | 30.76M | 32.51M | 40.14M |
| Accounts Payable | 29.74M | 31M | 28.39M | 33.16M | 24.52M | 17.83M | 23.38M | 28.19M | 26.69M | 18.45M | 21.94M | 23.38M | 17.74M | 18.56M | 18.93M | 23.32M | 25.33M | 20.47M | 19.03M | 24.35M |
| Days Payables Outstanding | 35.69 | 35.82 | 34.7 | 35.05 | 30.32 | 30.66 | 34.24 | 36.09 | 35.4 | 30.21 | 31.31 | 27.98 | 28.33 | 27.37 | 25.63 | 27.36 | 28.98 | 28.83 | 27.37 | 28.45 |
| Short-Term Debt | 25.04M | 24.92M | 22.1M | 1.21M | 1.19M | 1.18M | 1.17M | 1.15M | 1.14M | 1.12M | 1.11M | 971K | 962K | 957K | 948K | 910K | 1.19M | 1.18M | 1.17M | 3.95M |
| Deferred Revenue (Current) | 1.17M | 0 | 0 | 1.14M | 1.14M | 742K | 909K | 877K | 725K | 951K | 803K | 979K | 955K | 1.28M | 1.19M | 1.62M | 1.45M | 1.22M | 1.13M | 1.21M |
| Other Current Liabilities | 10.75M | 2.32M | 1.25M | 1.15M | 1.24M | 1.87M | 4.64M | 14.98M | 3.88M | 3.82M | 5M | 921K | 1.24M | 543K | 927K | 1.26M | 2.71M | 788K | 996K | 1M |
| Current Ratio | 2.29x | 2.22x | 2.14x | 2.68x | 2.86x | 3.47x | 3.12x | 3.05x | 3.33x | 3.49x | 3.47x | 3.17x | 3.20x | 3.15x | 3.58x | 3.59x | 3.35x | 3.34x | 3.10x | 2.64x |
| Quick Ratio | 1.15x | 1.06x | 1.09x | 1.40x | 1.53x | 1.94x | 1.82x | 1.62x | 1.69x | 1.88x | 1.90x | 1.67x | 1.60x | 1.34x | 1.48x | 1.30x | 1.41x | 1.44x | 1.25x | 1.09x |
| Cash Conversion Cycle | 89.59 | 93.74 | 90.21 | 92.7 | 103.19 | 102.15 | 93.42 | 94.32 | 110.41 | 106.62 | 100.02 | 99.7 | 112.13 | 111.21 | 102.13 | 96.59 | 89.44 | 91.06 | 79.39 | 73.74 |
| Total Non-Current Liabilities | 57.16M | 58.29M | 61.65M | 88.76M | 91.92M | 85.88M | 88.73M | 91.26M | 70.46M | 69.31M | 69.51M | 70.9M | 67.72M | 60.99M | 50.55M | 62.25M | 60.31M | 44.81M | 45.97M | 46.86M |
| Long-Term Debt | 22.69M | 22.86M | 23.03M | 46.7M | 46.99M | 47.28M | 47.56M | 47.84M | 48.12M | 48.4M | 48.67M | 49.09M | 49.33M | 41.56M | 41.79M | 53.62M | 52.15M | 35.34M | 35.63M | 36.34M |
| Capital Lease Obligations | 28.83M | 32.07M | 35.25M | 38.68M | 41.53M | 35.44M | 36.6M | 38.85M | 17.75M | 16.69M | 12.87M | 13.82M | 10.56M | 11.62M | 0 | 0 | 0 | 0 | 106K | 129K |
| Deferred Tax Liabilities | 2.94M | 2.94M | 0 | 622K | 622K | 426K | 4.2M | 4.2M | 4.2M | 4.2M | 5.16M | 5.16M | 5.16M | 5.16M | 5.63M | 5.63M | 5.63M | 5.63M | 6.18M | 6.18M |
| Other Non-Current Liabilities | 2.71M | 422K | 3.36M | 2.76M | 2.78M | 2.74M | 363K | 363K | 389K | 26K | 2.82M | 2.82M | 2.67M | 2.65M | 3.13M | 3M | 2.52M | 3.84M | 4.05M | 4.21M |
| Total Liabilities | 127.51M | 130.82M | 141.25M | 158.26M | 152M | 132.32M | 143.21M | 146.87M | 118.65M | 113.71M | 115.21M | 121.62M | 111.9M | 100.24M | 85.38M | 99.67M | 100.14M | 75.57M | 78.48M | 87M |
| Total Debt | 76.55M | 79.86M | 92.03M | 98.13M | 100.71M | 92.87M | 93.95M | 95.61M | 71.45M | 71M | 67.57M | 68.97M | 65.35M | 58.65M | 42.74M | 54.53M | 53.34M | 36.52M | 37.09M | 40.73M |
| Net Debt | 47.87M | 19.12M | 68.01M | 67.58M | 68.24M | 61.29M | 55.05M | 76.3M | 58.3M | 47.93M | 39.41M | 50.71M | 42.13M | 42.61M | 35.21M | 51.02M | 46.52M | 30.03M | 35.41M | 33.05M |
| Debt / Equity | 0.49x | 0.51x | 0.57x | 0.60x | 0.63x | 0.57x | 0.57x | 0.58x | 0.45x | 0.44x | 0.41x | 0.42x | 0.40x | 0.39x | 0.28x | 0.37x | 0.38x | 0.28x | 0.30x | 0.34x |
| Debt / EBITDA | 5.50x | 8.13x | 8.12x | 4.49x | 7.89x | 7.65x | 5.88x | 6.06x | 5.87x | 8.16x | 4.38x | 3.98x | 3.99x | 5.20x | 4.06x | 5.26x | 4.19x | 3.76x | 4.70x | 4.36x |
| Net Debt / EBITDA | 3.44x | 1.95x | 6.00x | 3.09x | 5.35x | 5.05x | 3.45x | 4.84x | 4.79x | 5.51x | 2.56x | 2.92x | 2.57x | 3.77x | 3.35x | 4.92x | 3.66x | 3.09x | 4.48x | 3.53x |
| Interest Coverage | 20.69x | 20.89x | 4.81x | 28.85x | 18.56x | 17.12x | 23.17x | 23.02x | 17.13x | 10.37x | 23.47x | 25.43x | 30.49x | 21.20x | 17.33x | 15.67x | 23.45x | 31.72x | 17.42x | 6.09x |
| Total Equity | 155.17M | 156.87M | 161.59M | 162.71M | 160.21M | 162.2M | 163.6M | 163.83M | 160.39M | 162.69M | 164.75M | 165.31M | 161.38M | 151.93M | 154.08M | 147.52M | 140.24M | 132.03M | 125.01M | 120.09M |
| Equity Growth % | -3.14% | -3.29% | -1.23% | -0.68% | -0.11% | -0.3% | -0.7% | -0.89% | -0.61% | 7.08% | 6.93% | 12.06% | 15.07% | 15.08% | 23.26% | 22.84% | 226.77% | 231.16% | 226.62% | 254.79% |
| Book Value per Share | 7.73 | 7.80 | 8.00 | 8.06 | 7.93 | 8.04 | 8.13 | 8.15 | 7.99 | 8.13 | 8.24 | 8.28 | 8.09 | 7.62 | 7.73 | 7.40 | 7.08 | 6.64 | 6.29 | 6.31 |
| Total Shareholders' Equity | 147.45M | 149.42M | 154.48M | 155.85M | 153.31M | 155.57M | 157.31M | 157.71M | 154.4M | 154.12M | 154.16M | 154.7M | 150.95M | 141.68M | 143.83M | 137.14M | 130.23M | 122.9M | 116.23M | 111.6M |
| Common Stock | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K | 20K |
| Retained Earnings | 59.46M | 61.7M | 63.91M | 65.63M | 63.73M | 66.34M | 68.72M | 69.63M | 67.54M | 67.68M | 67.77M | 68.66M | 65.12M | 56.12M | 58.54M | 52.45M | 46.1M | 39.43M | 33.8M | 30.02M |
| Treasury Stock | -3.25M | -3.25M | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K | -248K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.73M | 7.45M | 7.11M | 6.86M | 6.9M | 6.63M | 6.28M | 6.12M | 5.99M | 8.57M | 10.59M | 10.61M | 10.43M | 10.25M | 10.25M | 10.38M | 10.01M | 9.13M | 8.78M | 8.49M |