The market cap is basically shares x market price. Its the market's valuation of the company. So the company's cash-on-hand or any other accounting stuff doesnt come into it at all.
SKK Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame
Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally