Michelin (ML.PA) - Net Assets

Net assets on the balance sheet as of December 2023 : S$26.90 Billion

According to Michelin's latest financial reports the company has S$26.90 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	$S$24.61 B	7.38%
2021-12-31	$S$22.92 B	11.52%
2020-12-31	$S$20.55 B	2.87%
2019-12-31	$S$19.97 B	4.95%
2018-12-31	$S$19.03 B	5.34%
2017-12-31	$S$18.07 B	11.51%
2016-12-31	$S$16.20 B	9.82%
2015-12-31	$S$14.75 B	-3.51%
2014-12-31	$S$15.29 B	-5.56%
2013-12-31	$S$16.19 B	17.3%
2012-12-31	$S$13.80 B	1.34%
2011-12-31	$S$13.62 B	6.45%
2010-12-31	$S$12.79 B	15.8%
2009-12-31	$S$11.05 B	8.12%
2008-12-31	$S$10.22 B	-8.03%
2007-12-31	$S$11.11 B	17.18%
2006-12-31	$S$9.48 B	6.23%
2005-12-31	$S$8.92 B	13.78%
2004-12-31	$S$7.84 B	-16.79%
2003-12-31	$S$9.43 B	15.49%
2002-12-31	$S$8.16 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