Absci (ABSI) - Cash on Hand

Cash on Hand as of September 2024 : $0.12 Billion USD

According to Absci's latest financial reports the company has $0.12 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.

Absci - Cash on Hand chart (from 2020 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	$97.65 M	-40.61%
2022-12-31	$0.16 B	-34.9%
2021-12-31	$0.25 B	261.5%
2020-12-31	$69.86 M	433.91%
2019-12-31	$13.08 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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