Adagene (ADAG) - Cash on Hand

Cash on Hand as of December 2023 : HK$0.85 Billion

According to Adagene's latest financial reports the company has HK$0.85 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.

Adagene - Cash on Hand chart (from 2019 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	HK$1.12 B	-17.4%
2021-12-31	HK$1.35 B	133.41%
2020-12-31	HK$0.58 B	-25.59%
2019-12-31	HK$0.78 B	103.8%
2018-12-31	HK$0.38 B

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
Novocure NVCR	HK$7.47 B	773.16%	Jersey
Novavax NVAX	HK$8.17 B	854.75%	🇺🇸 USA
Organovo ONVO	HK$48.16 M	-94.37%	🇺🇸 USA
Orchard Therapeutics ORTX	HK$0.97 B	14.08%	🇬🇧 UK

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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