Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : S$4.20 Billion

According to Michelin's latest financial reports the company has S$4.20 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	S$3.81 B	-48.22%
2021-12-31	S$7.37 B	-8.51%
2020-12-31	S$8.05 B	241.07%
2019-12-31	S$2.36 B	-34.52%
2018-12-31	S$3.60 B	15.09%
2017-12-31	S$3.13 B	3.56%
2016-12-31	S$3.02 B	11.37%
2015-12-31	S$2.71 B	14.26%
2014-12-31	S$2.37 B	-33.66%
2013-12-31	S$3.58 B	3.08%
2012-12-31	S$3.47 B	7.37%
2011-12-31	S$3.23 B	-23.52%
2010-12-31	S$4.23 B	50.84%
2009-12-31	S$2.80 B	123.28%
2008-12-31	S$1.25 B	63.98%
2007-12-31	S$0.76 B	-50.06%
2006-12-31	S$1.53 B	-4.7%
2005-12-31	S$1.61 B	-59.5%
2004-12-31	S$3.97 B	244.8%
2003-12-31	S$1.15 B	52%
2002-12-31	S$0.75 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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