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cash on hand. Definition. Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
One interpretation of Days of Cash is that it is the number of days you can stay in business if you donât make any more sales or collect any more money from customers. Here are some ranges of values from bad to good: Less than zero â this is bad.