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Michelin (Michelin) Marketable Securities : $311 Mil (As of Dec. 2023)


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What is Michelin Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Michelin's Marketable Securities for the quarter that ended in Dec. 2023 was $311 Mil.

Michelin's annual Marketable Securities declined from Dec. 2021 ($492 Mil) to Dec. 2022 ($302 Mil) but then increased from Dec. 2022 ($302 Mil) to Dec. 2023 ($311 Mil).

Michelin Marketable Securities Historical Data

The historical data trend for Michelin's Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Michelin Marketable Securities Chart

Michelin Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 200.00 346.72 491.53 301.91 310.80

Michelin Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 491.53 939.75 301.91 749.73 310.80

Michelin Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Michelin  (OTCPK:MGDDY) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Michelin Marketable Securities Related Terms

Thank you for viewing the detailed overview of Michelin's Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Michelin (Michelin) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (OTCPK:MGDDY) » Definitions » Marketable Securities
Comparable Companies
XPAR:FRVIA XPAR:FR XPAR:POM XPAR:BUR XPAR:AKW XPAR:ALDEL XPAR:ALATI XPAR:PVL TSE:6902 TSE:5108 MBLY GPC APTV SHSE:600660 XKRX:012330 TSX:MG XTER:CON ISX:ASII XTER:KBX TSE:5802
Traded in Other Exchanges
MGDDF:USA MLp:UK 0OFM:UK ML:France MCHA:Germany
Address
23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Website
https://www.michelin.com
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segment.