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Pathward Financial (Pathward Financial) Property, Plant and Equipment : $253.2 Mil (As of Mar. 2024)


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What is Pathward Financial Property, Plant and Equipment?

Pathward Financial's quarterly net PPE increased from Sep. 2023 ($250.9 Mil) to Dec. 2023 ($267.2 Mil) but then declined from Dec. 2023 ($267.2 Mil) to Mar. 2024 ($253.2 Mil).

Pathward Financial's annual net PPE declined from Sep. 2021 ($258.0 Mil) to Sep. 2022 ($246.1 Mil) but then increased from Sep. 2022 ($246.1 Mil) to Sep. 2023 ($250.9 Mil).


Pathward Financial Property, Plant and Equipment Historical Data

The historical data trend for Pathward Financial'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.

Pathward Financial Property, Plant and Equipment Chart

Pathward Financial Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 254.47 247.57 258.00 246.08 250.91

Pathward Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 250.58 262.81 250.91 267.19 253.15

Pathward Financial 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.


Pathward Financial  (NAS:CASH) 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.


Pathward Financial Property, Plant and Equipment Related Terms

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Pathward Financial (Pathward Financial) Business Description

Traded in Other Exchanges
Address
5501 South Broadband Lane, Sioux Falls, SD, USA, 57108
Pathward Financial Inc is a unitary savings and loan holding company. It's a wholly-owned full-service banking subsidiary of Meta Financial, is both a community-oriented financial institution offering a variety of financial services to meet the needs of the communities it serves, and a payments company providing services on a nationwide basis. It operates through three reportable segments: Consumer, Commercial and Corporate Services/Other. The majority of the revenue is generated from Consumer segment.
Executives
Glen William Herrick officer: EVP, CFO & Secretary C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Greg Sigrist officer: EVP, CFO-Designee 1301 A STREET, TACOMA WA 98402
Christopher Perretta director C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Sonja Anne Theisen officer: Chief Accounting Officer C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Elizabeth G. Hoople director C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Charles C. Ingram officer: EVP, Chief Information Officer C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57018
Frederick V Moore director 1700 SHOREWAY ROAD, STORM LAKE IA 50588
Douglas J. Hajek director C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Brett L. Pharr officer: EVP & Group Head of Governance C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Michael Robert Kramer director C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Anthony M. Sharett officer: EVP, Gen. Counsel & Corp. Sec. C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Nadia Dombrowski officer: Chief Legal Officer C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS VA 57108
Kia S. Tang officer: EVP, Chief Ppl and Incl Ofcr C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Lizabeth H Zlatkus director ONE HARTFORD PLAZA, HARTFORD CT 06155
Ronald D Mccray director