Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : £15.62 Billion

According to Michelin's latest financial reports the company has £15.62 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	$£15.17 B	20.82%
2021-12-31	$£12.56 B	10.2%
2020-12-31	$£11.39 B	0.85%
2019-12-31	$£11.30 B	2.95%
2018-12-31	$£10.97 B	9.81%
2017-12-31	$£9.99 B	10.16%
2016-12-31	$£9.07 B	28.9%
2015-12-31	$£7.04 B	-5.31%
2014-12-31	$£7.43 B	-4.05%
2013-12-31	$£7.74 B	10.94%
2012-12-31	$£6.98 B	3.2%
2011-12-31	$£6.76 B	5.16%
2010-12-31	$£6.43 B	32.3%
2009-12-31	$£4.86 B	-0.25%
2008-12-31	$£4.87 B	25.44%
2007-12-31	$£3.88 B	23.11%
2006-12-31	$£3.15 B	1.55%
2005-12-31	$£3.10 B	24.12%
2004-12-31	$£2.50 B	-19.26%
2003-12-31	$£3.10 B	5.72%
2002-12-31	$£2.93 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