Root Insurance (ROOT) - Cash on Hand

Cash on Hand as of June 2024 : $0.90 Billion USD

According to Root Insurance 's latest financial reports the company has $0.90 Billion USD 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	$0.84 B	-5.1%
2022-12-31	$0.89 B	6.58%
2021-12-31	$0.83 B	-37.47%
2020-12-31	$1.33 B	159.83%
2019-12-31	$0.51 B	261.05%
2018-12-31	$0.14 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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