Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : $19.85 Billion USD

According to Michelin's latest financial reports the company has $19.85 Billion USD 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	$$18.35 B	8.29%
2021-12-31	$$16.95 B	9.13%
2020-12-31	$$15.53 B	4.83%
2019-12-31	$$14.81 B	6.35%
2018-12-31	$$13.93 B	3.13%
2017-12-31	$$13.51 B	20.66%
2016-12-31	$$11.19 B	7.33%
2015-12-31	$$10.43 B	-9.87%
2014-12-31	$$11.57 B	-9.44%
2013-12-31	$$12.78 B	13.22%
2012-12-31	$$11.28 B	7.31%
2011-12-31	$$10.52 B	5.88%
2010-12-31	$$9.93 B	26.21%
2009-12-31	$$7.87 B	10.14%
2008-12-31	$$7.14 B	-7.46%
2007-12-31	$$7.72 B	24.87%
2006-12-31	$$6.18 B	15.35%
2005-12-31	$$5.36 B	11.49%
2004-12-31	$$4.81 B	-13.35%
2003-12-31	$$5.55 B	17.94%
2002-12-31	$$4.70 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