Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : $3.09 Billion USD

According to Michelin's latest financial reports the company has $3.09 Billion USD 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	$2.84 B	-47.78%
2021-12-31	$5.45 B	-10.47%
2020-12-31	$6.08 B	247.58%
2019-12-31	$1.75 B	-33.64%
2018-12-31	$2.64 B	12.68%
2017-12-31	$2.34 B	12.06%
2016-12-31	$2.09 B	8.85%
2015-12-31	$1.92 B	6.73%
2014-12-31	$1.79 B	-36.39%
2013-12-31	$2.82 B	-0.5%
2012-12-31	$2.84 B	13.7%
2011-12-31	$2.50 B	-23.93%
2010-12-31	$3.28 B	64.4%
2009-12-31	$2.00 B	127.45%
2008-12-31	$0.87 B	65%
2007-12-31	$0.53 B	-46.79%
2006-12-31	$1.00 B	3.48%
2005-12-31	$0.96 B	-60.32%
2004-12-31	$2.43 B	259.09%
2003-12-31	$0.67 B	55.23%
2002-12-31	$0.43 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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