Converge Technology Solutions (CTS.TO)

Cash on Hand as of June 2024 : NZ$0.21 Billion

According to Converge Technology Solutions's latest financial reports the company has NZ$0.21 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.

Converge Technology Solutions - Cash on Hand chart (from 2018 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	NZ$0.20 B	9.12%
2022-12-31	NZ$0.18 B	-34.91%
2021-12-31	NZ$0.28 B	305.01%
2020-12-31	NZ$70.39 M	200.74%
2019-12-31	NZ$23.4 M	104.05%
2018-12-31	NZ$11.47 M	31.56%
2017-12-31	NZ$8.71 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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Converge Technology Solutions (CTS.TO) - Cash on Hand