Praxis Precision Medicines (PRAX)

Cash on Hand as of September 2024 : HK$2.77 Billion

According to Praxis Precision Medicines's latest financial reports the company has HK$2.77 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.

Praxis Precision Medicines - Cash on Hand chart (from 2019 to 2024)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	HK$0.63 B	-19.13%
2022-12-31	HK$0.78 B	-63.51%
2021-12-31	HK$2.15 B	-6.43%
2020-12-31	HK$2.29 B	558.8%
2019-12-31	HK$0.34 B	148.3%
2018-12-31	HK$0.14 B

Cash on Hand for similar companies or competitors

Company	Cash on Hand	differencediff.	Country
ORIC Pharmaceuticals ORIC	HK$2.22 B	-19.78%	🇺🇸 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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Praxis Precision Medicines (PRAX) - Cash on Hand

Cash on Hand as of September 2024 : HK$2.77 Billion