Karat Packaging (Karat Packaging) Cash And Cash Equivalents : $13.1 Mil (As of Mar. 2024)

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What is Karat Packaging Cash And Cash Equivalents?

Karat Packaging's quarterly cash and cash equivalents declined from Sep. 2023 ($28.16 Mil) to Dec. 2023 ($23.08 Mil) but then stayed the same from Dec. 2023 ($23.08 Mil) to Mar. 2024 ($13.14 Mil).

Karat Packaging's annual cash and cash equivalents increased from Dec. 2021 ($6.48 Mil) to Dec. 2022 ($16.04 Mil) and increased from Dec. 2022 ($16.04 Mil) to Dec. 2023 ($23.08 Mil).

Karat Packaging Cash And Cash Equivalents Historical Data

The historical data trend for Karat Packaging's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Karat Packaging Cash And Cash Equivalents Chart

Karat Packaging Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.80

0.45

6.48

16.04

23.08

Karat Packaging Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															23.23	18.26	28.16	23.08	13.14

Karat Packaging Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Karat Packaging (NAS:KRT) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Karat Packaging Cash And Cash Equivalents Related Terms

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Karat Packaging (Karat Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Karat Packaging Inc (NAS:KRT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0WJ:Germany

Address

6185 Kimball Avenue, Chino, CA, USA, 91708

Website

https://www.karatpackaging.com

Karat Packaging Inc is engaged in the manufacturing and distribution of disposable products used in restaurants and food service settings. It offers products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery, and straws. These products are available in plastic, paper, biopolymer-based and other compostable forms.

Executives

Wang Joanne Tzu Jung	officer: Chief Operating Officer	6185 KIMBALL AVE., CHINO CA 91708
Daniel Quire	officer: Chief Revenue Officer	6185 KIMBALL AVENUE, CHINO CA 91708
Marvin Cheng	officer: VP-Manufacturing, Secy	6185 KIMBALL AVE., CHINO CA 91708
Alan Yu	director, 10 percent owner, officer: CEO and Chairman of the BOD	6185 KIMBALL AVE., CHINO CA 91708
Jian Guo	officer: Chief Financial Officer	6185 KIMBALL AVENUE, CHINO CA 91708
Eve Yen	director	4651 SCHAEFER AVENUE, CHINO CA 91710
Peter Lee	officer: Interim CFO	6185 KIMBALL AVENUE, CHINO CA 91708
Ann T Sabahat	officer: Chief Financial Officer	11 MUSICK, IRVINE CA 92618
Paul Y Chen	director	9660 FLAIR DR, STE 300, EL MONTE CA 91731
Eric K Chen	director	6330 SPRING MOUNTAIN RD, STE D, LAS VEGAS NV 89146