Drax Group (DRX.L) - Cash on Hand

Cash on Hand as of December 2023 : HK$3.75 Billion

According to Drax Group's latest financial reports the company has HK$3.75 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.

Drax Group - Cash on Hand chart (from 2005 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	HK$3.77 B	67.85%
2022-12-31	HK$2.24 B	-32.66%
2021-12-31	HK$3.34 B	10.82%
2020-12-31	HK$3.01 B	-26.95%
2019-12-31	HK$4.12 B	43.66%
2018-12-31	HK$2.87 B	22.38%
2017-12-31	HK$2.34 B	7.41%
2016-12-31	HK$2.18 B	42.2%
2015-12-31	HK$1.53 B	-42.42%
2014-12-31	HK$2.66 B	-27.38%
2013-12-31	HK$3.67 B	-26.98%
2012-12-31	HK$5.03 B	79.07%
2011-12-31	HK$2.81 B	-29.32%
2010-12-31	HK$3.97 B	134.06%
2009-12-31	HK$1.69 B	15.21%
2008-12-31	HK$1.47 B	59.46%
2007-12-31	HK$0.92 B	-60.79%
2006-12-31	HK$2.35 B	77.98%
2005-12-31	HK$1.32 B	17.32%
2004-12-31	HK$1.12 B	-8.17%
2003-12-31	HK$1.22 B	15.71%
2002-12-31	HK$1.06 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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