Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : €18.90 Billion

According to Michelin's latest financial reports the company has €18.90 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	$€17.11 B	14.33%
2021-12-31	$€14.97 B	18.53%
2020-12-31	$€12.63 B	-4.52%
2019-12-31	$€13.22 B	8.6%
2018-12-31	$€12.18 B	8.17%
2017-12-31	$€11.26 B	5.78%
2016-12-31	$€10.64 B	11.57%
2015-12-31	$€9.54 B	0.25%
2014-12-31	$€9.51 B	2.83%
2013-12-31	$€9.25 B	8.45%
2012-12-31	$€8.53 B	5.36%
2011-12-31	$€8.10 B	8.45%
2010-12-31	$€7.47 B	35.94%
2009-12-31	$€5.49 B	7.47%
2008-12-31	$€5.11 B	-3.35%
2007-12-31	$€5.29 B	12.84%
2006-12-31	$€4.68 B	3.56%
2005-12-31	$€4.52 B	27.66%
2004-12-31	$€3.54 B	-19.57%
2003-12-31	$€4.40 B	-2.07%
2002-12-31	$€4.50 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