Michelin (ML.PA) - Cash on Hand

Cash on Hand as of December 2023 : £2.45 Billion

According to Michelin's latest financial reports the company has £2.45 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	£2.35 B	-41.74%
2021-12-31	£4.03 B	-9.6%
2020-12-31	£4.46 B	234.38%
2019-12-31	£1.33 B	-35.77%
2018-12-31	£2.08 B	19.97%
2017-12-31	£1.73 B	2.31%
2016-12-31	£1.69 B	30.73%
2015-12-31	£1.29 B	12.13%
2014-12-31	£1.15 B	-32.61%
2013-12-31	£1.71 B	-2.51%
2012-12-31	£1.75 B	9.34%
2011-12-31	£1.60 B	-24.45%
2010-12-31	£2.12 B	72.33%
2009-12-31	£1.23 B	106%
2008-12-31	£0.59 B	123.65%
2007-12-31	£0.26 B	-47.53%
2006-12-31	£0.51 B	-8.9%
2005-12-31	£0.56 B	-55.82%
2004-12-31	£1.27 B	234.59%
2003-12-31	£0.37 B	39.14%
2002-12-31	£0.27 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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