Erayak Power Solution (RAYA)

Cash on Hand as of December 2023 : A$9.4 Million

According to Erayak Power Solution's latest financial reports the company has A$9.4 Million 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.

Erayak Power Solution - Cash on Hand chart (from 2020 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	A$10.33 M	44.78%
2021-12-31	A$7.13 M	1091.78%
2020-12-31	A$0.59 M	-58.56%
2019-12-31	A$1.44 M

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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Erayak Power Solution (RAYA) - Cash on Hand