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

Cash on Hand as of December 2023 : A$79.29 Million

According to Somec S.p.A.'s latest financial reports the company has A$79.29 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	A$76.5 M	-10.95%
2022-12-31	A$85.91 M	15.05%
2021-12-31	A$74.67 M	11.2%
2020-12-31	A$67.15 M	42.07%
2019-12-31	A$47.26 M	16.73%
2018-12-31	A$40.49 M	369.46%
2017-12-31	A$8.62 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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