Erayak Power Solution (RAYA)

Cash on Hand as of December 2023 : $5.87 Million USD

According to Erayak Power Solution's latest financial reports the company has $5.87 Million 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.

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

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	$7.03 M	35.9%
2021-12-31	$5.17 M	1023.66%
2020-12-31	$0.46 M	-54.49%
2019-12-31	$1.01 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