Karooooo Ltd. (KARO) Balance Sheet
KARO balance sheet, FY2026
February 28, 2026 · South African randR 5.85B assets = R 2.49B liabilities + R 3.36B equity
Both columns are drawn to the same scale: what KARO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KARO financial health
Current ratio1.06
Adequate · current assets cover current liabilities 1.06×
Debt / equity0.35
Low leverage · R 0.35 of debt for each $1 of equity
Equity / assets56.6%
Equity-funded · of assets funded by shareholders
Cash / debt100.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles4.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
KARO balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R 1.53BFY2019 | R 5.85BFY2026 | +21.1%/yr | |
| Total liabilities | R 691.4MFY2019 | R 2.49BFY2026 | +20.1%/yr | |
| Shareholders’ equity | R 618.3MFY2019 | R 3.31BFY2026 | +27.1%/yr | |
| Cash & short-term investments | R 51.9MFY2019 | R 1.16BFY2026 | +55.9%/yr | |
| Total debt | R 356.2MFY2019 | R 1.15BFY2026 | +18.3%/yr | |
| Net cash (debt) | −R 304.3MFY2019 | R 9.8MFY2026 | R 314.0M | |
| Working capital | R 110.5MFY2019 | R 94.1MFY2026 | R 16.4M | |
| Current ratio | 1.30FY2019 | 1.06FY2026 | −0.24 | |
| Debt / equity | 0.58FY2019 | 0.35FY2026 | −0.23 | |
| Shares outstanding | 20.3MFY2019 | 30.9MFY2026 | +6.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KARO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KARO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KARO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KARO balance sheet in South African rand
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | R 1.16B | R 1.05B | R 456.0M | R 957.4M | R 719.2M | R 967.6M | R 143.6M | R 51.9M |
| Cash & equivalents | R 1.16B | R 1.05B | R 456.0M | R 957.4M | R 719.2M | R 102.8M | R 143.6M | R 51.9M |
| Short-term investments | — | — | — | R 11.8M | R 6.4M | R 864.7M | R 6.0M | R 4.0M |
| Receivables | R 607.1M | R 476.1M | R 411.4M | R 349.1M | R 317.9M | R 284.7M | R 243.0M | R 201.4M |
| Inventory | R 5.8M | R 3.8M | R 6.5M | R 78.5M | R 24.9M | −R 961.0M | R 148.5M | R 206.0M |
| Other current assets | R 1 | R 136.1M | R 575.2M | R 65.1M | R 34.0M | R 1.01B | R 20.7M | R 21.4M |
| Total current assets | R 1.78B | R 1.66B | R 1.45B | R 1.45B | R 1.10B | R 1.30B | R 555.8M | R 480.7M |
| Property, plant & equipment (net) | R 3.18B | R 2.52B | R 2.02B | R 1.58B | R 1.37B | R 1.11B | R 836.9M | R 701.1M |
| Goodwill & intangible assets | R 251.3M | R 258.9M | R 308.1M | R 295.5M | R 258.9M | R 179.8M | R 168.7M | R 140.5M |
| Long-term investments | R 0 | R 0 | R 0 | R 388,000 | R 1.4M | R 0 | R 0 | R 0 |
| Other non-current assets | R 638.8M | R 658.5M | R 499.6M | R 395.0M | R 313.6M | R 262.2M | R 245.9M | R 206.6M |
| Total assets | R 5.85B | R 5.10B | R 4.27B | R 3.72B | R 3.04B | R 2.86B | R 1.81B | R 1.53B |
| Liabilities | ||||||||
| Accounts payable | R 591.1M | R 373.6M | R 366.0M | R 269.9M | R 97.6M | R 89.6M | R 55.9M | R 59.0M |
| Short-term debt | R 591.9M | R 568.1M | R 92.2M | R 73.9M | R 77.8M | R 935.6M | R 49.0M | R 68.2M |
| Deferred revenue | R 409.2M | R 359.1M | R 323.4M | R 281.2M | R 214.4M | R 157.9M | R 149.8M | R 80.4M |
| Total current liabilities | R 1.68B | R 1.46B | R 933.3M | R 782.6M | R 613.4M | R 1.41B | R 398.6M | R 370.2M |
| Long-term debt | R 398.9M | R 31.6M | R 41.6M | R 38.3M | R 71.2M | R 10.5M | R 17.8M | R 218.8M |
| Lease obligations | R 287.9M | R 204.7M | R 194.3M | R 120.7M | R 112.1M | R 98.7M | R 99.0M | R 116.9M |
| Other long-term liabilities | R 407.3M | R 351.5M | R 319.7M | R 229.6M | R 215.1M | R 184.0M | R 191.0M | R 102.4M |
| Total liabilities | R 2.49B | R 1.84B | R 1.29B | R 1.05B | R 899.7M | R 1.60B | R 607.4M | R 691.4M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | R 7.21B | R 7.17B | R 7.09B | R 7.08B | R 7.02B | R 2.68B | R 9,794 | R 9,998 |
| Retained earnings (deficit) | R 2.43B | R 2.12B | R 1.79B | R 1.55B | R 1.25B | R 798.9M | R 818.8M | R 598.5M |
| Accumulated other comprehensive income | −R 6.33B | −R 6.07B | −R 5.92B | −R 5.99B | −R 6.16B | −R 2.65B | R 41.4M | R 19.8M |
| Minority interest | R 45.0M | R 43.1M | R 40.9M | R 30.9M | — | — | — | — |
| Total shareholders' equity | R 3.31B | R 3.21B | R 2.94B | R 2.64B | R 2.11B | R 838.2M | R 860.1M | R 618.3M |
| Key figures | ||||||||
| Total debt | R 1.15B | R 727.5M | R 263.9M | R 179.1M | R 211.5M | R 1.00B | R 127.7M | R 356.2M |
| Net cash (debt) | R 9.8M | R 319.1M | R 192.2M | R 778.2M | R 507.7M | −R 37.3M | R 15.8M | −R 304.3M |
| Working capital | R 94.1M | R 205.7M | R 515.8M | R 667.5M | R 482.6M | −R 105.2M | R 157.2M | R 110.5M |
| Tangible book value | R 3.06B | R 2.95B | R 2.63B | R 2.34B | R 1.86B | R 658.4M | R 691.4M | R 477.8M |
| Shares outstanding | 30.9M | 30.9M | 30.9M | 31.0M | 31.0M | 21.5M | 21.5M | 20.3M |
| Current ratio | 1.06 | 1.14 | 1.55 | 1.85 | 1.79 | 0.93 | 1.39 | 1.30 |
| Quick ratio | 1.05 | 1.05 | 0.93 | 1.67 | 1.69 | 0.89 | 0.97 | 0.68 |
| Debt / equity | 0.35 | 0.23 | 0.09 | 0.07 | 0.10 | 1.20 | 0.15 | 0.58 |
| Equity / assets | 56.6% | 63.1% | 68.8% | 70.9% | 69.6% | 29.3% | 47.6% | 40.4% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | R 1.11B | R 1.16B | R 574.7M | R 419.5M | R 1.10B | R 1.04B | R 921.0M | R 709.5M | R 991.2M | R 459.5M | R 770.2M | R 646.5M |
| Cash & equivalents | R 1.11B | R 1.16B | R 574.7M | R 419.5M | R 1.10B | R 1.04B | R 921.0M | R 709.5M | R 991.2M | R 459.5M | R 770.2M | R 646.5M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | R 0 | R 0 |
| Receivables | R 788.2M | R 607.1M | R 689.0M | R 692.2M | R 570.0M | R 597.5M | R 595.0M | R 532.8M | R 601.6M | R 994.1M | R 520.3M | R 486.5M |
| Inventory | R 5.5M | R 5.8M | R 5.3M | R 4.9M | R 4.5M | R 3.8M | R 3.8M | R 4.4M | R 4.9M | R 6.6M | R 40.8M | R 109.4M |
| Other current assets | R 14.7M | R 1 | R 18 | R 37 | R 19 | R 12.6M | R 19 | R 35 | R 19 | R 0 | R 19 | R 19 |
| Total current assets | R 1.92B | R 1.78B | R 1.27B | R 1.12B | R 1.67B | R 1.66B | R 1.52B | R 1.25B | R 1.60B | R 1.46B | R 1.33B | R 1.24B |
| Property, plant & equipment (net) | R 3.44B | R 3.18B | R 3.01B | R 2.91B | R 2.70B | R 2.51B | R 2.36B | R 2.26B | R 2.12B | R 2.03B | R 1.95B | R 1.78B |
| Goodwill & intangible assets | R 253.4M | R 251.3M | R 256.4M | R 262.2M | R 259.9M | R 258.0M | R 294.3M | R 293.1M | R 298.5M | R 310.5M | R 301.6M | R 303.3M |
| Long-term investments | R 0 | R 0 | R 0 | R 0 | R 0 | R 0 | R 0 | R 0 | R 0 | R 0 | R 388,000 | R 388,000 |
| Other non-current assets | R 683.7M | R 638.8M | R 673.8M | R 628.7M | R 694.2M | R 656.1M | R 613.1M | R 574.5M | R 530.2M | R 503.5M | R 457.8M | R 426.1M |
| Total assets | R 6.29B | R 5.85B | R 5.21B | R 4.91B | R 5.33B | R 5.08B | R 4.78B | R 4.37B | R 4.54B | R 4.31B | R 4.04B | R 3.75B |
| Liabilities | ||||||||||||
| Accounts payable | R 749.9M | R 591.1M | R 624.2M | R 532.0M | R 578.9M | R 216.0M | R 574.9M | R 500.6M | R 463.5M | R 219.5M | R 468.5M | R 445.8M |
| Short-term debt | R 530.1M | R 591.9M | R 427.8M | R 418.7M | R 368.0M | — | R 175.5M | R 131.1M | R 114.0M | R 93.9M | R 75.0M | R 65.5M |
| Deferred revenue | R 405.5M | R 409.2M | R 387.0M | R 370.8M | R 355.9M | — | R 343.4M | R 331.5M | R 323.0M | R 325.8M | R 315.3M | R 306.5M |
| Total current liabilities | R 1.89B | R 1.68B | R 1.51B | R 1.40B | R 1.43B | R 1.45B | R 1.22B | R 1.06B | R 1.05B | R 940.4M | R 965.0M | R 879.2M |
| Long-term debt | R 386.6M | R 398.9M | R 42.9M | R 47.1M | R 31.9M | R 31.6M | R 283.6M | R 258.9M | R 39.8M | R 41.6M | R 43.3M | R 45.0M |
| Lease obligations | R 283.4M | R 287.9M | R 289.1M | R 311.3M | R 251.6M | R 204.7M | R 191.3M | R 204.4M | R 185.6M | R 194.3M | R 198.6M | R 165.9M |
| Other long-term liabilities | R 385.2M | R 407.3M | R 427.2M | R 425.3M | R 378.2M | R 350.1M | R 317.8M | R 331.8M | R 312.8M | R 322.4M | R 306.5M | R 276.5M |
| Total liabilities | R 2.66B | R 2.49B | R 1.98B | R 1.88B | R 1.84B | R 1.83B | R 1.82B | R 1.65B | R 1.40B | R 1.30B | R 1.31B | R 1.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | R 7.14B | R 7.21B | R 7.14B | R 7.12B | R 7.11B | — | R 7.13B | R 7.16B | R 7.10B | R 7.14B | R 7.04B | R 7.09B |
| Retained earnings (deficit) | R 2.71B | R 2.43B | R 2.19B | R 1.92B | R 2.36B | R 2.11B | R 1.86B | R 1.63B | R 2.02B | R 1.80B | R 1.57B | R 1.39B |
| Accumulated other comprehensive income | R 88.9M | −R 6.33B | −R 6.14B | −R 6.06B | −R 6.03B | — | −R 6.07B | −R 6.11B | −R 6.01B | −R 5.96B | −R 5.92B | −R 5.97B |
| Minority interest | R 49.2M | R 45.0M | R 50.5M | R 52.0M | R 48.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | R 3.58B | R 3.31B | R 3.18B | R 2.99B | R 3.44B | R 3.20B | R 2.92B | R 2.68B | R 3.10B | R 2.96B | R 2.68B | R 2.51B |
| Key figures | ||||||||||||
| Total debt | R 1.07B | R 1.15B | R 800.2M | R 840.3M | R 552.6M | R 31.6M | R 577.0M | R 529.6M | R 277.1M | R 266.8M | R 245.6M | R 218.0M |
| Net cash (debt) | R 35.4M | R 9.8M | −R 225.5M | −R 420.8M | R 544.3M | R 1.01B | R 344.1M | R 179.9M | R 714.1M | R 192.7M | R 524.7M | R 428.4M |
| Working capital | R 30.4M | R 94.1M | −R 242.5M | −R 287.4M | R 239.6M | R 205.0M | R 301.8M | R 186.0M | R 547.6M | R 519.8M | R 366.3M | R 363.1M |
| Tangible book value | R 3.33B | R 3.06B | R 2.93B | R 2.72B | R 3.18B | R 2.94B | R 2.62B | R 2.39B | R 2.80B | R 2.65B | R 2.38B | R 2.20B |
| Shares outstanding | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 30.9M | 31.0M | 31.0M |
| Current ratio | 1.02 | 1.06 | 0.84 | 0.80 | 1.17 | 1.14 | 1.25 | 1.18 | 1.52 | 1.55 | 1.38 | 1.41 |
| Quick ratio | 1.01 | 1.05 | 0.84 | 0.79 | 1.16 | 1.13 | 1.24 | 1.17 | 1.52 | 1.55 | 1.34 | 1.29 |
| Debt / equity | 0.30 | 0.35 | 0.25 | 0.28 | 0.16 | 0.01 | 0.20 | 0.20 | 0.09 | 0.09 | 0.09 | 0.09 |
| Equity / assets | 57.0% | 56.6% | 61.0% | 60.8% | 64.5% | 63.1% | 61.0% | 61.3% | 68.3% | 68.8% | 66.4% | 66.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in South African rand as reported (latest annual report filed June 9, 2026); data from EODHD.
KARO financial position
At the end of fiscal 2026 (February 28, 2026), Karooooo had total assets of R 5.8 billion (up 14.7% from a year earlier), total liabilities of R 2.5 billion and shareholders' equity of R 3.3 billion. It held R 1.2 billion in cash and short-term investments against R 1.2 billion of debt, a net cash position of R 9.8 million. Its current ratio was 1.06. In the latest quarter (ended May 31, 2026) total assets were R 6.3 billion and equity R 3.6 billion.
Related: KARO income statement, KARO cash flow statement, KARO key metrics. See the KARO stock overview for the latest quote and news.
KARO balance sheet FAQ
What are Karooooo's total assets?
Karooooo reported total assets of R 5.8 billion at the end of fiscal 2026 (February 28, 2026), compared with R 5.1 billion a year earlier.
How much debt does Karooooo have?
Karooooo had R 1.2 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.
How much cash does Karooooo have?
Karooooo held R 1.2 billion in cash and short-term investments at the end of fiscal 2026; with R 1.2 billion of debt that is net cash of R 9.8 million.
What is Karooooo's book value?
Karooooo's shareholders' equity (book value) was R 3.3 billion at the end of fiscal 2026.
What is Karooooo's current ratio?
Karooooo had current assets of R 1.8 billion and current liabilities of R 1.7 billion, a current ratio of 1.06 (it can cover its short-term obligations).
How much goodwill does Karooooo have?
Karooooo carried R 251.3 million of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2026.