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

Cash on Hand as of December 2023 : $52.12 Million USD

According to Somec S.p.A.'s latest financial reports the company has $52.12 Million 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.

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	$52.12 M	-10.84%
2022-12-31	$58.46 M	7.99%
2021-12-31	$54.13 M	4.84%
2020-12-31	$51.63 M	56.03%
2019-12-31	$33.09 M	16.01%
2018-12-31	$28.52 M	323.62%
2017-12-31	$6.73 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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