Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : A$4.74 Billion

According to Michelin's latest financial reports the company has A$4.74 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	A$4.18 B	-44.37%
2021-12-31	A$7.52 B	-5.05%
2020-12-31	A$7.91 B	216.48%
2019-12-31	A$2.50 B	-33.23%
2018-12-31	A$3.74 B	24.87%
2017-12-31	A$3.00 B	3.47%
2016-12-31	A$2.90 B	10.01%
2015-12-31	A$2.63 B	19.9%
2014-12-31	A$2.19 B	-30.67%
2013-12-31	A$3.17 B	15.92%
2012-12-31	A$2.73 B	12.19%
2011-12-31	A$2.43 B	-24.64%
2010-12-31	A$3.23 B	45.39%
2009-12-31	A$2.22 B	78.64%
2008-12-31	A$1.24 B	104.47%
2007-12-31	A$0.60 B	-52.02%
2006-12-31	A$1.27 B	-3.95%
2005-12-31	A$1.32 B	-58.03%
2004-12-31	A$3.15 B	244.91%
2003-12-31	A$0.91 B	17.66%
2002-12-31	A$0.77 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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