How much cash does SunCar Technology Group have?

According to SunCar Technology Group's latest annual financial reports, the company has a total of $30.85M in cash and cash equivalents. This amount includes all liquid assets that can be readily converted into cash.

Additionally, SunCar Technology Group holds $21.60M in short-term investments, which are highly liquid assets that can be easily converted into cash within a short period.

In total, the company has $52.45M when combining cash and cash equivalents with short-term investments.

On a per-share basis, SunCar Technology Group has $0.61 in cash. This metric helps investors understand how much cash the company holds per outstanding share.

The company's free cash flow, which is the cash generated from operations after deducting capital expenditures, stands at $-32.58M. This is an important indicator of financial health, showing the cash available for distribution to shareholders or reinvestment into the company.

Lastly, the company's cash position has experienced a growth rate of 45.54%, reflecting the increase in cash and cash equivalents over the specified period.

SunCar Technology Group Historical Cash on Hand

Cash on Hand History

The table below shows the amount of cash on hand for each year, with the latest data available for the last fiscal year 2023.

Year	Cash on Hand	Change
2023	$30.85M	45.54%
2022	$21.20M	19060.72%
2021	$110.64K	-99.86%
2020	$76.88M	100641.64%
2019	$76.32K	N/A