Root Insurance (ROOT) - Cash on Hand

Cash on Hand as of September 2024 : NZ$1.62 Billion

According to Root Insurance 's latest financial reports the company has NZ$1.62 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.

Root Insurance - Cash on Hand chart (from 2019 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	NZ$1.33 B	-4.72%
2022-12-31	NZ$1.40 B	14.66%
2021-12-31	NZ$1.22 B	-33.95%
2020-12-31	NZ$1.85 B	142.52%
2019-12-31	NZ$0.76 B	259.6%
2018-12-31	NZ$0.21 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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