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High Wire Networks (High Wire Networks) Gross Property, Plant and Equipment : $1.77 Mil (As of Mar. 2024)


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What is High Wire Networks Gross Property, Plant and Equipment?

High Wire Networks's quarterly gross PPE declined from Sep. 2023 ($2.01 Mil) to Dec. 2023 ($1.78 Mil) and declined from Dec. 2023 ($1.78 Mil) to Mar. 2024 ($1.77 Mil).

High Wire Networks's annual gross PPE increased from Dec. 2021 ($1.67 Mil) to Dec. 2022 ($1.90 Mil) but then declined from Dec. 2022 ($1.90 Mil) to Dec. 2023 ($1.78 Mil).


High Wire Networks Gross Property, Plant and Equipment Historical Data

The historical data trend for High Wire Networks's Gross 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.

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High Wire Networks Gross Property, Plant and Equipment Chart

High Wire Networks Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
0.66 1.67 1.90 1.78

High Wire Networks Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross 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 1.86 1.71 2.01 1.78 1.77

High Wire Networks Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed 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.


High Wire Networks  (OTCPK:HWNI) Gross 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.


High Wire Networks Gross Property, Plant and Equipment Related Terms

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High Wire Networks (High Wire Networks) Business Description

Industry
Traded in Other Exchanges
N/A
Address
980 N. Federal Highway, Suite 304,, Boca Raton, FL, USA, 33432
High Wire Networks Inc provider of managed cybersecurity, managed networks, and tech-enabled professional services delivered exclusively through a channel sales model. Its Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints, and users via multiyear recurring revenue contracts in this fast-growing technology segment.
Executives
Mark William Porter director, 10 percent owner, officer: Chief Executive Officer 747 CHEEVER AVE, GENEVA IL 60134
Keith William Hayter director, officer: President C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LONGWOOD FL 32750
Roger Marcus Ponder director, officer: CEO C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LOONGWOOD FL 32750
Glenn W. Parker director C/O MANTRA VENTURE GROUP LTD.,, #562-800 15355 24TH AVENUE, SURREY A1 V4A 2H9
Patrick Dodd director, officer: Chief Technology Officer #312 - 1617 GRAVELY STREET, VANCOUVER A1 V5L 3A8
Tommy David Unger director 1162 MCGOWAN DRIVE, PRINCE GEORGE A1 V2M 6R1
Elden Schorn director STE 1247 - 235 KEITH ROAD, WEST VANCOUVER A1 V7T 1L5
Jonathan Michael Boughen director 1765 AMBLE GREENE DRIVE, SURREY A1 V4A 7J1
Buckley Con officer: CFO, PAO 1140-1185 GEORGIA STREET WEST, VANCOUVER A1 V6E 4E6
John Russell director, other: Chairman of Scientific Board 3842 WEST 30TH AVE, VANCOUVER A1 V6S 1X1
Larry Kristof director, 10 percent owner, officer: President, C.E.O. 207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6C 3L2
Sung Wook Kim director, officer: Vice President 404 1790 BAYSHORE DRIVE, VANCOUVER A1 V6G 3G5
Metradon Ventures Ltd 10 percent owner UNIT 2905, BLOCK E, TUNG NING HOUSE, 9 OI YIN HOUSE, HONG KONG F4
Dennis Petke 10 percent owner, officer: Chief Financial Officer 207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6B 1H7