Magnolia Oil & Gas (MGY)

Cash on Hand as of September 2024 : HK$2.15 Billion

According to Magnolia Oil & Gas's latest financial reports the company has HK$2.15 Billion 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.

Magnolia Oil & Gas - Cash on Hand chart (from 2017 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	HK$3.13 B	-40.64%
2022-12-31	HK$5.27 B	84.42%
2021-12-31	HK$2.86 B	91.7%
2020-12-31	HK$1.49 B	4.95%
2019-12-31	HK$1.42 B	33.79%
2018-12-31	HK$1.06 B
2017-12-31	N/A

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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Magnolia Oil & Gas (MGY) - Cash on Hand