Adagene (ADAG) - Cash on Hand

Cash on Hand as of December 2023 : A$0.17 Billion

According to Adagene's latest financial reports the company has A$0.17 Billion 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.

Adagene - Cash on Hand chart (from 2019 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	A$0.21 B	-12.18%
2021-12-31	A$0.24 B	146.12%
2020-12-31	A$97.73 M	-31.93%
2019-12-31	A$0.14 B	106.19%
2018-12-31	A$69.63 M

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
Novocure NVCR	A$1.52 B	773.16%	Jersey
Novavax NVAX	A$1.44 B	727.34%	🇺🇸 USA
Organovo ONVO	A$5.05 M	-97.11%	🇺🇸 USA
Orchard Therapeutics ORTX	A$0.19 B	14.08%	🇬🇧 UK

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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