Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : C$4.33 Billion

According to Michelin's latest financial reports the company has C$4.33 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.

Michelin - Cash on Hand chart (from 2009 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2022-12-31	C$3.86 B	-44.4%
2021-12-31	C$6.94 B	-10.52%
2020-12-31	C$7.76 B	239.33%
2019-12-31	C$2.28 B	-36.38%
2018-12-31	C$3.59 B	22.08%
2017-12-31	C$2.94 B	4.84%
2016-12-31	C$2.81 B	5.45%
2015-12-31	C$2.66 B	27.58%
2014-12-31	C$2.08 B	-30.65%
2013-12-31	C$3.01 B	6.51%
2012-12-31	C$2.82 B	11.15%
2011-12-31	C$2.54 B	-22.59%
2010-12-31	C$3.28 B	56.18%
2009-12-31	C$2.10 B	96.83%
2008-12-31	C$1.06 B	101.1%
2007-12-31	C$0.53 B	-54.4%
2006-12-31	C$1.16 B	3.48%
2005-12-31	C$1.12 B	-61.54%
2004-12-31	C$2.92 B	232.49%
2003-12-31	C$0.88 B	27.5%
2002-12-31	C$0.69 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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