Karat Packaging Inc. financial data

Symbol
KRT on Nasdaq
Industry
Plastics Products, NEC
Location
6185 Kimball Avenue, Chino, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 336 % -0.22%
Quick Ratio 158 % -18.2%
Debt-to-equity 76 % +9.75%
Return On Equity 18.2 % +7.34%
Return On Assets 10.6 % +2.82%
Operating Margin 9.23 % +14.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20M shares +0.43%
Common Stock, Shares, Outstanding 20M shares +0.43%
Entity Public Float 104M USD +8.03%
Common Stock, Value, Issued 20K USD 0%
Weighted Average Number of Shares Outstanding, Basic 20M shares +0.42%
Weighted Average Number of Shares Outstanding, Diluted 20.1M shares +0.68%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 405M USD -1.91%
General and Administrative Expense 67.1M USD -0.5%
Operating Income (Loss) 37.4M USD +12.5%
Nonoperating Income (Expense) 2.01M USD +214%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 39.4M USD +16.3%
Income Tax Expense (Benefit) 8.96M USD +31.5%
Net Income (Loss) Attributable to Parent 29.6M USD +14%
Earnings Per Share, Basic 1.49 USD/shares +14.6%
Earnings Per Share, Diluted 1.49 USD/shares +14.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 13.1M USD -43.4%
Accounts Receivable, after Allowance for Credit Loss, Current 30.1M USD -8.68%
Inventory, Net 79.3M USD +11.8%
Assets, Current 161M USD +13.4%
Property, Plant and Equipment, Net 93.9M USD -5.6%
Operating Lease, Right-of-Use Asset 19.4M USD +31.6%
Intangible Assets, Net (Excluding Goodwill) 320K USD -7.78%
Goodwill 3.51M USD 0%
Other Assets, Noncurrent 1.23M USD -39.5%
Assets 279M USD +2.11%
Accounts Payable, Current 17.7M USD -26.3%
Accrued Liabilities, Current 11.3M USD +43.7%
Contract with Customer, Liability, Current 725K USD -24.1%
Liabilities, Current 48.2M USD +9.07%
Deferred Income Tax Liabilities, Net 4.2M USD -18.6%
Operating Lease, Liability, Noncurrent 17.8M USD +68.1%
Other Liabilities, Noncurrent 389K USD -85.5%
Liabilities 119M USD +6.03%
Retained Earnings (Accumulated Deficit) 67.5M USD +3.71%
Stockholders' Equity Attributable to Parent 154M USD +2.29%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 160M USD -0.61%
Liabilities and Equity 279M USD +2.11%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 6.56M USD -53.8%
Net Cash Provided by (Used in) Financing Activities -8.54M USD -211%
Net Cash Provided by (Used in) Investing Activities -7.95M USD +45.9%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 20M shares +0.43%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -9.93M USD -238%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 13.1M USD -43.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 502K USD +19.2%
Deferred Tax Assets, Valuation Allowance 0 USD
Deferred Tax Assets, Gross 13.9M USD +10.4%
Operating Lease, Liability 22.2M USD +47.3%
Depreciation 10.7M USD +3.81%
Payments to Acquire Property, Plant, and Equipment 163K USD -84.4%
Lessee, Operating Lease, Liability, to be Paid 25.8M USD +54.1%
Property, Plant and Equipment, Gross 146M USD -3.71%
Operating Lease, Liability, Current 4.44M USD -1.49%
Lessee, Operating Lease, Liability, to be Paid, Year Two 5.8M USD +98.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.62M USD +31.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +18.5%
Deferred Income Tax Expense (Benefit) -959K USD -101%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.6M USD +116%
Lessee, Operating Lease, Liability, to be Paid, Year Three 4.54M USD +50.5%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -1.05M USD -110%
Current Income Tax Expense (Benefit) 10.8M USD +50.4%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 3.14M USD +122%
Operating Lease, Payments 1.83M USD +34.2%
Additional Paid in Capital 87.1M USD +1.21%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 1.78M USD +106%
Current Federal Tax Expense (Benefit) 8.99M USD +42.9%
Operating Leases, Future Minimum Payments, Due in Two Years 3.06M USD 0%
Depreciation, Depletion and Amortization 2.63M USD -0.15%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 3.06M USD 0%
Share-based Payment Arrangement, Expense 868K USD -49.3%
Operating Leases, Future Minimum Payments, Due in Three Years 1.82M USD 0%
Operating Leases, Future Minimum Payments Due 10.3M USD 0%
Deferred State and Local Income Tax Expense (Benefit) 93K USD +288%
Interest Expense 2.16M USD +10.7%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%