Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : NZ$34.00 Billion

According to Michelin's latest financial reports the company has NZ$34.00 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	$NZ$28.91 B	16.5%
2021-12-31	$NZ$24.82 B	15.28%
2020-12-31	$NZ$21.53 B	-2.15%
2019-12-31	$NZ$22.00 B	5.92%
2018-12-31	$NZ$20.77 B	9.2%
2017-12-31	$NZ$19.02 B	17.68%
2016-12-31	$NZ$16.16 B	6.05%
2015-12-31	$NZ$15.24 B	3.18%
2014-12-31	$NZ$14.77 B	-5.02%
2013-12-31	$NZ$15.55 B	13.34%
2012-12-31	$NZ$13.72 B	1.81%
2011-12-31	$NZ$13.47 B	4.66%
2010-12-31	$NZ$12.87 B	18.82%
2009-12-31	$NZ$10.83 B	-12%
2008-12-31	$NZ$12.31 B	22.15%
2007-12-31	$NZ$10.08 B	14.84%
2006-12-31	$NZ$8.78 B	11.91%
2005-12-31	$NZ$7.84 B	16.39%
2004-12-31	$NZ$6.74 B	-21.06%
2003-12-31	$NZ$8.53 B	-5.04%
2002-12-31	$NZ$8.99 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