Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : C$27.61 Billion

According to Michelin's latest financial reports the company has C$27.61 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Michelin - Net assets on balance sheet (from 2009 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$C$24.91 B	15.3%
2021-12-31	$C$21.60 B	9.08%
2020-12-31	$C$19.80 B	2.35%
2019-12-31	$C$19.35 B	1.96%
2018-12-31	$C$18.98 B	11.74%
2017-12-31	$C$16.98 B	12.88%
2016-12-31	$C$15.04 B	3.98%
2015-12-31	$C$14.47 B	7.74%
2014-12-31	$C$13.43 B	-1.28%
2013-12-31	$C$13.60 B	21.2%
2012-12-31	$C$11.22 B	4.91%
2011-12-31	$C$10.70 B	7.75%
2010-12-31	$C$9.93 B	19.9%
2009-12-31	$C$8.28 B	-4.69%
2008-12-31	$C$8.69 B	12.79%
2007-12-31	$C$7.70 B	6.99%
2006-12-31	$C$7.20 B	15.35%
2005-12-31	$C$6.24 B	8.07%
2004-12-31	$C$5.77 B	-19.77%
2003-12-31	$C$7.20 B	-3.13%
2002-12-31	$C$7.43 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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Michelin (ML.PA) - Net assets