Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : NZ$32.08 B

According to Michelin's latest financial reports the company has NZ$32.08 B 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	16.27%
2021-12-31	$NZ$24.87 B	15.85%
2020-12-31	$NZ$21.46 B	-2.5%
2019-12-31	$NZ$22.01 B	5.9%
2018-12-31	$NZ$20.79 B	9.29%
2017-12-31	$NZ$19.02 B	17.68%
2016-12-31	$NZ$16.16 B	6.09%
2015-12-31	$NZ$15.23 B	3.17%
2014-12-31	$NZ$14.76 B	-5.14%
2013-12-31	$NZ$15.56 B	13.15%
2012-12-31	$NZ$13.75 B	2.08%
2011-12-31	$NZ$13.47 B	4.51%
2010-12-31	$NZ$12.89 B	18.21%
2009-12-31	$NZ$10.91 B	-12.74%
2008-12-31	$NZ$12.50 B	23.89%
2007-12-31	$NZ$10.09 B	14.95%
2006-12-31	$NZ$8.78 B	11.91%
2005-12-31	$NZ$7.84 B	4.42%
2004-12-31	$NZ$7.51 B	-11.32%
2003-12-31	$NZ$8.47 B	-5.79%
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