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Loop Industries (Loop Industries) Property, Plant and Equipment : $2.27 Mil (As of Nov. 2023)


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What is Loop Industries Property, Plant and Equipment?

Loop Industries's quarterly net PPE declined from May. 2023 ($2.45 Mil) to Aug. 2023 ($2.36 Mil) and declined from Aug. 2023 ($2.36 Mil) to Nov. 2023 ($2.27 Mil).

Loop Industries's annual net PPE increased from Feb. 2021 ($3.51 Mil) to Feb. 2022 ($5.69 Mil) but then declined from Feb. 2022 ($5.69 Mil) to Feb. 2023 ($2.55 Mil).


Loop Industries Property, Plant and Equipment Historical Data

The historical data trend for Loop Industries'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.

Loop Industries Property, Plant and Equipment Chart

Loop Industries Annual Data
Trend Sep14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.37 7.26 3.51 5.69 2.55

Loop Industries Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 2.68 2.55 2.45 2.36 2.27

Loop Industries 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.


Loop Industries  (NAS:LOOP) 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.


Loop Industries Property, Plant and Equipment Related Terms

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Loop Industries (Loop Industries) Business Description

Traded in Other Exchanges
Address
480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
Executives
Fady Mansour officer: Chief Financial Officer 480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Nicolas Lafond officer: Interim CFO 480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Yves Perron officer: VP, Engineering & Construction 480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Stephen Champagne officer: Chief Technology Officer 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Jonghyuk Lee director C/O SK GLOBAL CHEMICAL CO., LTD., 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Louise S Sams director C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Thomas Andrew Hickey officer: CFO 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Daniel Solomita director, 10 percent owner, officer: President, Secretary & Treas. 1999 AVENUE OF THE STARS, SUITE 2520, LOS ANGELES CA 90067
Nelson Gentiletti officer: COO and CFO 480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Jay Howard Stubina director 480 FERNAND POITRAS, TERREBONE A8 J6Y 1Y4
Laurence G. Sellyn director 480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Sheila Morin officer: CMO 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Northern Private Capital Fund I Non-resident Limited Partnership 10 percent owner 135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO Z4 A6 M5R 0C7
Northern Private Capital Fund I Limited Partnership 10 percent owner 135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO A6 M5R 0C7
Peter Kezios director 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4

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