Universal Music Group (UMG.AS)

Cash on Hand as of December 2023 : A$0.18 Billion

According to Universal Music Group's latest financial reports the company has A$0.18 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.

Universal Music Group - Cash on Hand chart (from 2020 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	A$0.10 B	-88.62%
2021-12-31	A$0.91 B	-49.97%
2020-12-31	A$1.82 B	214.52%
2019-12-31	A$0.58 B	16.88%
2018-12-31	A$0.49 B	5.66%
2017-12-31	A$0.47 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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Universal Music Group (UMG.AS) - Cash on Hand