Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : A$30.52 Billion

According to Michelin's latest financial reports the company has A$30.52 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	$A$26.97 B	15.37%
2021-12-31	$A$23.38 B	15.75%
2020-12-31	$A$20.20 B	-4.54%
2019-12-31	$A$21.16 B	7.01%
2018-12-31	$A$19.78 B	14.29%
2017-12-31	$A$17.30 B	11.41%
2016-12-31	$A$15.53 B	8.47%
2015-12-31	$A$14.32 B	1.25%
2014-12-31	$A$14.14 B	-1.3%
2013-12-31	$A$14.33 B	31.91%
2012-12-31	$A$10.86 B	5.88%
2011-12-31	$A$10.26 B	4.89%
2010-12-31	$A$9.78 B	11.61%
2009-12-31	$A$8.76 B	-13.5%
2008-12-31	$A$10.13 B	14.68%
2007-12-31	$A$8.83 B	12.59%
2006-12-31	$A$7.84 B	7.07%
2005-12-31	$A$7.32 B	17.91%
2004-12-31	$A$6.21 B	-16.77%
2003-12-31	$A$7.46 B	-10.6%
2002-12-31	$A$8.35 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