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Asset logo for symbol KRT
Karat Packaging
KRT65
$30.95arrow_drop_down0.84%-$0.26
Asset logo for symbol KRT
KRT65

$30.95

arrow_drop_down0.84%

Income Statement (KRT)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$12.39M$12.61M$8.60M$4.91M$11.81M
EBITDA$17.09M$17.27M$12.69M$8.99M$15.85M
gross Profit$43.49M$42.36M$36.58M$34.09M$38.94M
NET Income$9.09M$9.10M$6.16M$3.89M$9.06M
total Revenue$112.77M$112.60M$95.61M$95.58M$105.52M

Balance Sheet (KRT)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$55.04M$76.29M$58.30M$47.92M$39.41M
stockholders Equity$157.31M$157.71M$154.40M$154.11M$154.16M
total Assets$306.80M$310.69M$279.03M$276.39M$279.96M
total Debt$93.94M$95.60M$71.44M$71.00M$67.57M
total Liabilities$143.20M$146.86M$118.64M$113.70M$115.21M

Cash Flow (KRT)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$10.17M-$7.00M-$6.21M-$6.54M-$10.10M
free Cash Flow$21.93M$12.16M$5.63M$9.41M$9.43M
investing Cash Flow-----
operating Cash Flow$19.47M$13.69M$6.55M$10.29M$12.03M

Karat Packaging (KRT) Financials

Karat Packaging Inc. (KRT) is a leading provider of packaging solutions for the foodservice industry. The company offers a comprehensive range of products, including disposable cups, containers, and utensils, as well as custom packaging options. With a focus on sustainability, Karat Packaging is committed to developing eco-friendly packaging solutions that reduce waste and promote environmental stewardship. The company's financials reflect its strong performance in the market. According to the income statement, Karat Packaging has consistently reported positive earnings, with a steady increase in net income from stockholders over the years.
In terms of profitability, Karat Packaging has seen a significant growth in gross profit, which is a reflection of its efficient cost management and pricing strategies. The company's total revenue has also shown a positive trend, indicating a strong demand for its products and services. On the balance sheet, Karat Packaging has a healthy stockholders' equity, which demonstrates the company's financial stability and ability to generate returns for its shareholders. Additionally, the company has a diverse range of assets, including cash equivalents and total assets, which provide a strong foundation for its operations.
When it comes to debt management, Karat Packaging has successfully maintained a low net debt, indicating a conservative approach to financing. The company's total debt and total liabilities are also managed well, which further reinforces its financial strength. In terms of cash flow, Karat Packaging has a positive operating cash flow, demonstrating its ability to generate cash from its core operations. The company's investing and financing cash flows are also positive, indicating its investment in growth and its ability to raise capital to support its expansion plans.
In summary, Karat Packaging Inc. (KRT) is a financially strong company in the packaging industry. Its income statement reflects positive earnings and increasing net income from stockholders. The company's profitability is evident from its growing gross profit and total revenue. Its balance sheet highlights a healthy stockholders' equity, strong assets, and well-managed debt. The positive cash flows indicate the company's ability to generate cash from its operations and invest in future growth. Overall, Karat Packaging's financials demonstrate its financial stability, profitability, and ability to deliver value to its shareholders.
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