Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : €2.98 Billion

According to Michelin's latest financial reports the company has €2.98 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	€2.65 B	-44.87%
2021-12-31	€4.81 B	-2.77%
2020-12-31	€4.95 B	216.56%
2019-12-31	€1.56 B	-32.24%
2018-12-31	€2.30 B	18.18%
2017-12-31	€1.95 B	-1.76%
2016-12-31	€1.98 B	13.15%
2015-12-31	€1.75 B	18.72%
2014-12-31	€1.48 B	-27.77%
2013-12-31	€2.04 B	-4.7%
2012-12-31	€2.15 B	11.63%
2011-12-31	€1.92 B	-22.09%
2010-12-31	€2.47 B	77.08%
2009-12-31	€1.39 B	121.94%
2008-12-31	€0.62 B	72.33%
2007-12-31	€0.36 B	-51.91%
2006-12-31	€0.75 B	-7.1%
2005-12-31	€0.81 B	-54.56%
2004-12-31	€1.79 B	233.28%
2003-12-31	€0.53 B	28.89%
2002-12-31	€0.41 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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