Erayak Power Solution (RAYA)

Cash on Hand as of December 2023 : C$8.5 Million

According to Erayak Power Solution's latest financial reports the company has C$8.5 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.

Erayak Power Solution - Cash on Hand chart (from 2020 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	C$7.79 M	-18.31%
2022-12-31	C$9.54 M	44.7%
2021-12-31	C$6.59 M	1023.1%
2020-12-31	C$0.58 M	-55.57%
2019-12-31	C$1.32 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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Erayak Power Solution (RAYA) - Cash on Hand