GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane NXT Co (NYSE:CXT) » Definitions » Property, Plant and Equipment

Crane NXT Co (Crane NXT Co) Property, Plant and Equipment : $255 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Crane NXT Co Property, Plant and Equipment?

Crane NXT Co's quarterly net PPE increased from Sep. 2023 ($245 Mil) to Dec. 2023 ($261 Mil) but then declined from Dec. 2023 ($261 Mil) to Mar. 2024 ($255 Mil).

Crane NXT Co's annual net PPE declined from Dec. 2021 ($556 Mil) to Dec. 2022 ($262 Mil) and declined from Dec. 2022 ($262 Mil) to Dec. 2023 ($261 Mil).


Crane NXT Co Property, Plant and Equipment Historical Data

The historical data trend for Crane NXT Co's Property, Plant and Equipment 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.

* Premium members only.

Crane NXT Co Property, Plant and Equipment Chart

Crane NXT Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
- 600.40 555.60 261.60 261.20

Crane NXT Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 508.00 251.30 244.70 261.20 254.70

Crane NXT Co Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Crane NXT Co  (NYSE:CXT) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Crane NXT Co Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Crane NXT Co's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Crane NXT Co (Crane NXT Co) Business Description

Traded in Other Exchanges
N/A
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.
Executives
Kurt F. Gallo officer: Sr. VP, Payment & Merch. Tech. 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell officer: VICE PRESIDENT - OP EX CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl director 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis director 1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou officer: V.P, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono officer: SVP, CHRO 950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow officer: VP, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe officer: SVP, General Counsel & Sec. LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co. 10 percent owner CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak officer: CEO, Crane NXT C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham officer: SVP Bus. Dev. & Strategy 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer officer: Senior Vice President, CHRO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup director 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105