Quoin Pharmaceuticals (QNRX)

Cash on Hand as of December 2024 : A$23.25 Million

According to Quoin Pharmaceuticals's latest financial reports the company has A$23.25 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.

Quoin Pharmaceuticals - Cash on Hand chart (from 2020 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2024-12-31	A$22.59 M	43.97%
2023-12-31	A$15.69 M	-16.89%
2022-12-31	A$18.88 M	83%
2021-12-31	A$10.32 M	2350.77%
2020-12-31	A$0.42 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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Quoin Pharmaceuticals (QNRX) - Cash on Hand