Karat Packaging (KRT) Balance Sheet: Assets & Liabilities

Karat Packaging (KRT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Karat Packaging reported total assets of $287.69M and total liabilities of $130.82M. Shareholders' equity was $156.87M, up 0.8% from $155.57M a year earlier. Total debt stood at $47.78M against $37.88M in cash and short-term investments, a net debt position of $9.90M. That puts debt-to-equity at 0.30, compared with 0.60 a year earlier.

Karat Packaging Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Karat Packaging Inc. (KRT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	37.88	31.58	23.08	16.04	6.48	0.45	0.80	0.97	0.79
Short-Term Investments	0.00	28.34	26.34	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	37.88	59.93	49.42	16.04	6.48	0.45	0.80	0.97	0.79
Accounts Receivable	36.40	26.74	27.76	29.91	32.78	23.84	21.71	15.10	11.64
Inventory	81.68	70.72	71.53	71.21	58.47	48.96	35.43	29.52	28.52
Other Current Assets	5.22	3.61	6.22	6.64	5.14	6.53	3.09	2.04	1.37
Total Current Assets	161.19	161.00	154.93	123.80	102.87	79.78	61.03	47.62	42.32
Non-Current Assets
Property, Plant & Equipment (Net)	121.46	128.61	115.97	111.28	93.48	95.53	59.02	38.12	19.81
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	2.46	0.00	0.00	1.25
Goodwill	3.51	3.51	3.51	3.51	3.51	3.11	0.00	0.00	0.00
Intangible Assets	0.27	0.30	0.33	0.35	0.38	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.26	1.11	1.67	13.23	7.36	0.16	9.83	9.36	0.71
Total Non-Current Assets	126.50	133.53	121.47	128.38	104.73	101.33	72.33	48.39	21.77
Total Assets	287.69	294.52	276.40	252.18	207.60	181.10	133.35	96.01	64.09
Current Liabilities
Accounts Payable	26.32	17.83	18.45	18.56	20.47	25.11	24.14	18.50	17.47
Short-Term Debt	24.92	10.16	1.12	0.96	1.18	11.69	7.21	37.64	25.10
Current Portion of Long-Term Debt	12.94	1.18	1.12	0.96	1.18	11.36	-	-	-
Accrued Liabilities	13.46	13.56	10.58	9.01	7.44	4.66	-	-	-
Deferred Revenue	0.71	0.74	0.95	1.28	1.22	0.55	0.68	2.10	0.19
Other Current Liabilities	4.80	17.65	8.51	4.94	1.59	5.75	3.88	4.37	3.06
Total Current Liabilities	70.22	46.45	44.40	39.25	30.76	43.14	35.93	60.51	45.63
Non-Current Liabilities
Long-Term Debt	22.86	82.71	48.40	41.56	36.67	86.87	68.01	11.96	7.77
Deferred Tax Liabilities	0.00	0.43	4.20	5.16	5.63	6.18	2.18	1.66	0.00
Other Non-Current Liabilities	5.66	2.74	4.22	7.81	0.00	5.05	3.18	0.00	0.00
Total Non-Current Liabilities	60.60	85.88	69.31	60.99	44.81	98.10	73.37	13.61	7.77
Total Liabilities	130.82	132.32	113.71	100.24	75.57	141.24	109.30	74.12	53.39
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Retained Earnings	61.70	66.34	67.68	56.12	39.43	18.66	1.75	0.02	7.93
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.78
Treasury Stock	-	0.25	0.25	0.25	0.25	-	-	-	-
Additional Paid-in Capital	87.69	89.21	86.67	85.79	83.45	13.73	13.98	13.98	3.53
Minority Interest	7.45	6.63	8.57	10.25	9.13	7.46	8.31	7.87	0.00
Shares Outstanding	19.96	20.04	19.97	19.89	19.80	-	-	-	-
Total Stockholders' Equity	156.87	155.57	162.69	151.93	132.03	32.40	15.74	14.02	10.70
Total Liabilities & Equity	287.69	294.52	276.40	252.18	207.60	181.10	133.35	96.01	64.09

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Karat Packaging Balance Sheet

How much debt does Karat Packaging have?

Karat Packaging had total debt of $47.78M as of Dec 31, 2025, against $37.88M in cash and short-term investments. Its debt-to-equity ratio was 0.30. Total debt was $92.87M a year earlier.

What are Karat Packaging's total assets?

Karat Packaging reported total assets of $287.69M as of Dec 31, 2025, down 2.3% from $294.52M a year earlier. Total liabilities were $130.82M.

What is Karat Packaging's shareholders' equity?

Karat Packaging's shareholders' equity was $156.87M as of Dec 31, 2025, or about $7.86 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition