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

Cash on Hand as of December 2023 : NZ$88.92 Million

According to Somec S.p.A.'s latest financial reports the company has NZ$88.92 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	NZ$82.42 M	-10.49%
2022-12-31	NZ$92.08 M	16.18%
2021-12-31	NZ$79.25 M	10.75%
2020-12-31	NZ$71.56 M	45.63%
2019-12-31	NZ$49.13 M	15.55%
2018-12-31	NZ$42.52 M	348.53%
2017-12-31	NZ$9.48 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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