Absa Bank (ABSP.JO) - Cash on Hand

Cash on Hand as of December 2018 : $1.57 Billion USD

According to Absa Bank's latest financial reports the company has $1.57 Billion USD in cash and cash equivalents.
A company’s cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Absa Bank - Cash on Hand chart (from 2009 to 2018)

Cash on Hand by year

Year	Cash on Hand	Change
2018-12-31	$1.57 B	-32.68%
2017-12-31	$2.33 B	13.62%
2016-12-31	$2.05 B	22.42%
2015-12-31	$1.68 B	-9.34%
2014-12-31	$1.85 B	-8.46%
2013-12-31	$2.02 B	-16.08%
2012-12-31	$2.41 B	-0.21%
2011-12-31	$2.41 B	-7.69%
2010-12-31	$2.61 B	-5.92%
2009-12-31	$2.78 B	57.25%
2008-12-31	$1.77 B	-20.13%
2007-12-31	$2.21 B	29.04%
2006-12-31	$1.71 B	-0.11%
2005-12-31	$1.71 B	-2.81%
2004-12-31	$1.76 B	27.44%
2003-12-31	$1.38 B	171.87%
2002-12-31	$0.51 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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