Drax Group (DRX.L) - Cash on Hand

Cash on Hand as of December 2023 : NZ$0.84 Billion

According to Drax Group's latest financial reports the company has NZ$0.84 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.

Drax Group - Cash on Hand chart (from 2005 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	NZ$0.76 B	68.58%
2022-12-31	NZ$0.45 B	-27.7%
2021-12-31	NZ$0.62 B	16.38%
2020-12-31	NZ$0.53 B	-31.5%
2019-12-31	NZ$0.78 B	43.87%
2018-12-31	NZ$0.54 B	29.28%
2017-12-31	NZ$0.42 B	3.98%
2016-12-31	NZ$0.40 B	40.44%
2015-12-31	NZ$0.28 B	-34.03%
2014-12-31	NZ$0.43 B	-23.85%
2013-12-31	NZ$0.57 B	-26.93%
2012-12-31	NZ$0.78 B	70.23%
2011-12-31	NZ$0.46 B	-30%
2010-12-31	NZ$0.66 B	119.56%
2009-12-31	NZ$0.30 B	-8.26%
2008-12-31	NZ$0.32 B	112.37%
2007-12-31	NZ$0.15 B	-64.03%
2006-12-31	NZ$0.43 B	72.14%
2005-12-31	NZ$0.25 B	22.76%
2004-12-31	NZ$0.20 B	-16.56%
2003-12-31	NZ$0.24 B	-6.27%
2002-12-31	NZ$0.26 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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