Sovos Brands (SOVO) - Cash on Hand

Cash on Hand as of December 2023 : HK$1.80 Billion

According to Sovos Brands's latest financial reports the company has HK$1.80 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.

Sovos Brands - Cash on Hand chart (from 2020 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	HK$1.81 B	67.25%
2022-12-31	HK$1.08 B	110.01%
2021-12-31	HK$0.51 B	79.71%
2020-12-31	HK$0.28 B	20.12%
2019-12-31	HK$0.23 B

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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