Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : HK$154.55 Billion

According to Michelin's latest financial reports the company has HK$154.55 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	$HK$143.45 B	8.51%
2021-12-31	$HK$132.20 B	9.77%
2020-12-31	$HK$120.43 B	4.35%
2019-12-31	$HK$115.41 B	5.77%
2018-12-31	$HK$109.12 B	3.37%
2017-12-31	$HK$105.56 B	21.57%
2016-12-31	$HK$86.83 B	7.38%
2015-12-31	$HK$80.86 B	-9.94%
2014-12-31	$HK$89.78 B	-9.42%
2013-12-31	$HK$99.12 B	13.27%
2012-12-31	$HK$87.50 B	7.1%
2011-12-31	$HK$81.71 B	5.67%
2010-12-31	$HK$77.32 B	26.67%
2009-12-31	$HK$61.04 B	10.51%
2008-12-31	$HK$55.23 B	-8.28%
2007-12-31	$HK$60.22 B	25.18%
2006-12-31	$HK$48.11 B	15.71%
2005-12-31	$HK$41.57 B	11.23%
2004-12-31	$HK$37.38 B	-13.12%
2003-12-31	$HK$43.02 B	17.23%
2002-12-31	$HK$36.70 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