Adagene (ADAG) - Cash on Hand

Cash on Hand as of December 2023 : ₹9.28 Billion

According to Adagene's latest financial reports the company has ₹9.28 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	₹11.89 B	-8.35%
2021-12-31	₹12.98 B	136.17%
2020-12-31	₹5.49 B	-23.34%
2019-12-31	₹7.16 B	108.99%
2018-12-31	₹3.43 B

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
Novocure NVCR	₹81.08 B	773.16%	Jersey
Novavax NVAX	₹88.66 B	854.75%	🇺🇸 USA
Organovo ONVO	₹0.52 B	-94.37%	🇺🇸 USA
Orchard Therapeutics ORTX	₹10.59 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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