Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : NZ$5.47 Billion

According to Michelin's latest financial reports the company has NZ$5.47 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	NZ$4.48 B	-43.82%
2021-12-31	NZ$7.98 B	-5.43%
2020-12-31	NZ$8.43 B	224.42%
2019-12-31	NZ$2.60 B	-33.91%
2018-12-31	NZ$3.93 B	19.3%
2017-12-31	NZ$3.29 B	9.3%
2016-12-31	NZ$3.01 B	7.55%
2015-12-31	NZ$2.80 B	22.18%
2014-12-31	NZ$2.29 B	-33.28%
2013-12-31	NZ$3.44 B	-0.4%
2012-12-31	NZ$3.45 B	7.87%
2011-12-31	NZ$3.20 B	-24.81%
2010-12-31	NZ$4.26 B	54.77%
2009-12-31	NZ$2.75 B	81.73%
2008-12-31	NZ$1.51 B	117.79%
2007-12-31	NZ$0.69 B	-51.06%
2006-12-31	NZ$1.42 B	0.4%
2005-12-31	NZ$1.41 B	-58.57%
2004-12-31	NZ$3.41 B	227.13%
2003-12-31	NZ$1.04 B	24.98%
2002-12-31	NZ$0.83 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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