Karat Packaging Inc.

Karat Packaging Inc.verified

KRT

Price:

$24.24

Market Cap:

$485.16M

Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. The company offers its products to domestic and regional distributors, restaurant chains, retail establishments, and online customers. It also provides new product development, design, printing, and logistics services. Karat Packaging Inc. was founded in 2000 and is based in Chino, California.[Read more]

Industry

Packaging & Containers

IPO Date

2021-04-15

Stock Exchange

NASDAQ

Ticker

KRT

The Current Ratio as of September 2024 (TTM) for Karat Packaging Inc. (KRT) is 3.05

According to Karat Packaging Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.05. This represents a change of -8.47% compared to the average of 3.34 of the last 4 quarters.

Karat Packaging Inc. (KRT) Historical Current Ratio (quarterly & annually)

How has KRT Current Ratio performed in the past?

The mean historical Current Ratio of Karat Packaging Inc. over the last ten years is 2.18. The current 3.05 Current Ratio has changed 13.92% with respect to the historical average. Over the past ten years (40 quarters), KRT's Current Ratio was at its highest in in the June 2022 quarter at 3.59. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

2.18

Median

1.85

Minimum

0.79

Maximum

3.49

Karat Packaging Inc. (KRT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Karat Packaging Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 115.84%

Maximum Annual Current Ratio = 3.49

Minimum Annual Increase = -15.15%

Minimum Annual Current Ratio = 0.79

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.4910.63%
20223.15-5.68%
20213.3480.81%
20201.858.88%
20191.70115.84%
20180.79-15.15%

Karat Packaging Inc. (KRT) Average Current Ratio

How has KRT Current Ratio performed in the past?

The current Current Ratio of Karat Packaging Inc. (KRT) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.33

5-year avg

2.71

10-year avg

2.18

Karat Packaging Inc. (KRT) Current Ratio vs. Peers

How is KRT’s Current Ratio compared to its peers?

Karat Packaging Inc.’s Current Ratio is greater than Greif, Inc. (1.70), greater than Reynolds Consumer Products Inc. (2.13), greater than Silgan Holdings Inc. (1.06), greater than O-I Glass, Inc. (1.26), greater than Myers Industries, Inc. (1.81), greater than Sealed Air Corporation (1.30), greater than Graphic Packaging Holding Company (1.24), less than Ball Corporation (0), greater than Sonoco Products Company (1.18), greater than null (1.30),

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