Electra Meccanica (SOLO)

Cash on Hand as of December 2023 : A$93.25 Million

According to Electra Meccanica's latest financial reports the company has A$93.25 Million 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.

Electra Meccanica - Cash on Hand chart (from 2020 to 2020)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	A$96.07 M	-51.3%
2022-12-31	A$0.19 B	-35.55%
2021-12-31	A$0.30 B	81.83%
2020-12-31	A$0.16 B	1698.29%
2019-12-31	A$9.36 M	-35.35%
2018-12-31	A$14.48 M	107.7%
2017-12-31	A$6.97 M	131.71%
2016-12-31	A$3 M	3867.32%
2015-12-31	A$0.07 M

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
Nikola NKLA	A$0.28 B	202.96%	🇺🇸 USA
NIO NIO	A$4.82 B	5,073.30%	🇨🇳 China
The Shyft Group SHYF	A$23.03 M	-75.29%	🇺🇸 USA

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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Electra Meccanica (SOLO) - Cash on Hand

Cash on Hand as of December 2023 : A$93.25 Million