Electra Meccanica (SOLO) - Cash on Hand

Cash on Hand as of December 2023 : C$91.5 Million

According to Electra Meccanica's latest financial reports the company has C$91.5 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 2016 to 2020)

Cash on Hand by year

Year	Cash on Hand	Change
2019-12-31	C$8.56 M	-38.4%
2018-12-31	C$13.89 M	102.93%
2017-12-31	C$6.84 M	135.02%
2016-12-31	C$2.91 M	3701.62%
2015-12-31	C$0.07 M

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
The Shyft Group SHYF	C$29.97 M	-67.24%	🇺🇸 USA
Nikola NKLA	C$0.27 B	202.96%	🇺🇸 USA
NIO NIO	C$6.97 B	7,526.18%	🇨🇳 China

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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