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Katapult Holdings (Katapult Holdings) Property, Plant and Equipment : $1.2 Mil (As of Dec. 2023)


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What is Katapult Holdings Property, Plant and Equipment?

Katapult Holdings's quarterly net PPE declined from Jun. 2023 ($1.0 Mil) to Sep. 2023 ($0.9 Mil) but then increased from Sep. 2023 ($0.9 Mil) to Dec. 2023 ($1.2 Mil).

Katapult Holdings's annual net PPE increased from Dec. 2021 ($0.6 Mil) to Dec. 2022 ($1.3 Mil) but then declined from Dec. 2022 ($1.3 Mil) to Dec. 2023 ($1.2 Mil).


Katapult Holdings Property, Plant and Equipment Historical Data

The historical data trend for Katapult Holdings'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.

Katapult Holdings Property, Plant and Equipment Chart

Katapult Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
- 0.33 0.58 1.33 1.22

Katapult Holdings Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only 1.33 1.19 1.05 0.93 1.22

Katapult Holdings 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.


Katapult Holdings  (NAS:KPLT) 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.


Katapult Holdings Property, Plant and Equipment Related Terms

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Katapult Holdings (Katapult Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5204 Tennyson Parkway, Suite 500, Plano, TX, USA, 75024
Katapult Holdings Inc is a technology driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved U.S. non-prime consumers. It is an eCommerce-focused FinTech company offering an innovative lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.
Executives
Orlando Zayas director, officer: Chief Executive Officer 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Chandan Chopra officer: CHIEF TECHNOLOGY OFFICER 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Bruce Taragin director 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Nancy A Walsh officer: Chief Financial Officer LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Brian Hirsch director C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203
Lee Einbinder director, officer: CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fangqui Sun officer: CHIEF RISK OFFICER 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Karissa Cupito officer: Chief Financial Officer 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024
Joyce Ann Phillips director 1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Curo Financial Technologies Corp. director, 10 percent owner 3615 N. RIDGE ROAD, WICHITA KS 67205
Donald Gayhardt director DOLLAR FINANCIAL CORP., 1436 LANCASTER AVE., BERWYN PA 19312
Christopher A Masto director C/O FREIDMAN FLEISCHER & LOWE, ONE MARITIME PLZ 10TH PLZ, SAN FRANCISCO CA 94111
Christopher Towers officer: CHIEF ACCOUNTING OFFICER 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Maloney Tahmineh officer: GENERAL COUNSEL 5204 TENNYSON PKWY, SUITE 500, PLANO TX 75024