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ALTI (AlTi Global) Property, Plant and Equipment : $58.7 Mil (As of Sep. 2024)


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What is AlTi Global Property, Plant and Equipment?

AlTi Global's quarterly net PPE increased from Mar. 2024 ($51.5 Mil) to Jun. 2024 ($58.0 Mil) and increased from Jun. 2024 ($58.0 Mil) to Sep. 2024 ($58.7 Mil).

AlTi Global's annual net PPE increased from Dec. 2021 ($1.0 Mil) to Dec. 2022 ($11.1 Mil) and increased from Dec. 2022 ($11.1 Mil) to Dec. 2023 ($50.8 Mil).


AlTi Global Property, Plant and Equipment Historical Data

The historical data trend for AlTi Global'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.

AlTi Global Property, Plant and Equipment Chart

AlTi Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
1.36 1.25 1.02 11.07 50.85

AlTi Global Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 32.10 50.85 51.51 57.99 58.73

AlTi Global 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.


AlTi Global  (NAS:ALTI) 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.


AlTi Global Property, Plant and Equipment Related Terms

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AlTi Global Business Description

Traded in Other Exchanges
N/A
Address
520 Madison Avenue, 26th Floor, New York, NY, USA, 10022
AlTi Global Inc is an independent wealth and asset manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. The firm has business which is organized into two business segments that includes Wealth Management and Strategic Alternatives. Wealth Management includes providing holistic solutions for their wealth management clients through their comprehensive range of wealth management services, including investment management and advisory services. Strategic Alternatives segment, it assists their investors with alternative investments and co-investments by providing access to highly differentiated opportunities in these areas.
Executives
Spiros Maliagros director C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Ilwaddi Cayman Holdings 10 percent owner C/O GELLER ADVISORS, 909 THIRD AVENUE, NEW YORK NY 10022
Kevin P. Moran officer: Chief Operating Officer C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Michael Tiedemann director, officer: Chief Executive Officer C/O ALVARIUM TIEDEMANN HOLDINGS, INC., 520 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Timothy F Keaney director 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Norma Corio director C/O GO ACQUISITION CORP., 450 W 14TH ST, NEW YORK NY 10014
Reid Parmelee officer: Chief Financial Officer ALTI GLOBAL, INC., 520 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Sai Hong Yeung 10 percent owner 22/F SOUTH CHINA BUILDING, 1-3 WYNDHAM STREET, CENTRAL, HONG KONG F4 000000
Global Goldfield Ltd 10 percent owner 22/F SOUTH CHINA BUILDING, 1-3 WYNDHAM STREET, CENTRAL, HONG KONG K3 00000
Jassim Abdulaziz Al-thani 10 percent owner C/O GELLER ADVISORS, 909 THIRD AVENUE, NEW YORK NY 10022
Graham Colleen A officer: Global General Counsel BOSTON PRIVATE FINANCIAL HOLDINGS, INC., TEN POST OFFICE SQUARE, BOSTON MA 02109
Gregory R. Armstrong director, officer: Chief Financial Officer C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Elias Diaz-sese director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Peter Yu 10 percent owner C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Bertrand P. Grabowski director C/O CARTESIAN GROWTH CORPORATION, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017