Life Insurance Corporation of India (LIC) (LICI.NS)

Cash on Hand as of March 2024 : A$14.61 Billion

According to Life Insurance Corporation of India (LIC)'s latest financial reports the company has A$14.61 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.

Life Insurance Corporation of India (LIC) - Cash on Hand chart (from 2021 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-03-31	A$8.25 B	4.96%
2022-03-31	A$7.86 B	-26.5%
2021-03-31	A$10.69 B	-22.43%
2020-03-31	A$13.78 B	10.41%
2019-03-31	A$12.48 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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Life Insurance Corporation of India (LIC) (LICI.NS) - Cash on Hand