Orbit Communication Systems (ORBI.TA)

Cash on Hand as of June 2024 : £32.86 Million

According to Orbit Communication Systems 's latest financial reports the company has £32.86 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.

Orbit Communication Systems - Cash on Hand chart (from 2022 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	£30.45 M	6.62%
2022-12-31	£28.56 M	29.03%
2021-12-31	£22.13 M	28.12%
2020-12-31	£17.28 M	30.15%
2019-12-31	£13.27 M	40.09%
2018-12-31	£9.47 M	-4.14%
2017-12-31	£9.88 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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Orbit Communication Systems (ORBI.TA) - Cash on Hand