Somec S.p.A. (SOM.MI) - Cash on Hand

Cash on Hand as of December 2023 : €49.89 Million

According to Somec S.p.A.'s latest financial reports the company has €49.89 Million 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.

Somec S.p.A. - Cash on Hand chart (from 2017 to 2023)

Cash on Hand by year

Year	Cash on Hand	Change
2023-12-31	€47.15 M	-13.49%
2022-12-31	€54.5 M	14.02%
2021-12-31	€47.8 M	13.87%
2020-12-31	€41.98 M	42.1%
2019-12-31	€29.54 M	18.48%
2018-12-31	€24.93 M	344.31%
2017-12-31	€5.61 M

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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