Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : HK$24.02 Billion

According to Michelin's latest financial reports the company has HK$24.02 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	HK$22.24 B	-47.68%
2021-12-31	HK$42.51 B	-9.95%
2020-12-31	HK$47.20 B	245.97%
2019-12-31	HK$13.64 B	-34.01%
2018-12-31	HK$20.67 B	12.93%
2017-12-31	HK$18.30 B	12.91%
2016-12-31	HK$16.21 B	8.9%
2015-12-31	HK$14.88 B	6.65%
2014-12-31	HK$13.96 B	-36.37%
2013-12-31	HK$21.94 B	-0.46%
2012-12-31	HK$22.04 B	13.47%
2011-12-31	HK$19.42 B	-24.08%
2010-12-31	HK$25.58 B	65%
2009-12-31	HK$15.50 B	128.22%
2008-12-31	HK$6.79 B	63.53%
2007-12-31	HK$4.15 B	-46.65%
2006-12-31	HK$7.78 B	3.8%
2005-12-31	HK$7.50 B	-60.41%
2004-12-31	HK$18.95 B	260.02%
2003-12-31	HK$5.26 B	54.29%
2002-12-31	HK$3.41 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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