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

Cash on Hand as of December 2023 : S$70.12 Million

According to Somec S.p.A.'s latest financial reports the company has S$70.12 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	S$68.84 M	-12.16%
2022-12-31	S$78.37 M	7.09%
2021-12-31	S$73.18 M	7.14%
2020-12-31	S$68.3 M	53.1%
2019-12-31	S$44.61 M	14.49%
2018-12-31	S$38.97 M	332.7%
2017-12-31	S$9 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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