Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : ₹1.697 Trillion

According to Michelin's latest financial reports the company has ₹1.697 Trillion 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	$₹1.519 T	20.39%
2021-12-31	$₹1.261 T	11.07%
2020-12-31	$₹1.136 T	7.51%
2019-12-31	$₹1.056 T	8.46%
2018-12-31	$₹974.36 B	12.94%
2017-12-31	$₹862.72 B	13.37%
2016-12-31	$₹760.95 B	9.75%
2015-12-31	$₹693.33 B	-5.5%
2014-12-31	$₹733.65 B	-7.1%
2013-12-31	$₹789.70 B	27.75%
2012-12-31	$₹618.15 B	11.07%
2011-12-31	$₹556.52 B	25%
2010-12-31	$₹445.23 B	21.88%
2009-12-31	$₹365.29 B	6.32%
2008-12-31	$₹343.56 B	13.34%
2007-12-31	$₹303.12 B	10.64%
2006-12-31	$₹273.96 B	13.53%
2005-12-31	$₹241.32 B	15.84%
2004-12-31	$₹208.31 B	-17.58%
2003-12-31	$₹252.73 B	11.98%
2002-12-31	$₹225.69 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