Compagnie Generale des Etablissements Michelin SCA (ML) — Tangible Net Worth Ratio
Compagnie Generale des Etablissements Michelin SCA (ML) has a Tangible Net Worth Ratio of 89.2% as of December 2025. This metric is calculated by deducting intangible assets (€1.94 Billion) from net assets (€18.08 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of Compagnie Generale des Etablissements Mi to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Compagnie Generale des Etablissements Michelin SCA Tangible Net Worth Ratio (2002–2025)
This chart shows how Compagnie Generale des Etablissements Michelin SCA's Tangible Net Worth Ratio has changed across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 89.2%, reflecting net assets of €18.08 Billion with intangible assets of €1.94 Billion EUR. See Compagnie Generale des Etablissements Mi liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Compagnie Generale des Etablissements Michelin SCA (2002–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Compagnie Generale des Etablissements Michelin SCA from 2002 to 2025, covering 24 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Compagnie Generale des Etablissements Mi (ML) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 89.2% | €18.08 Billion | €1.94 Billion | €35.02 Billion | ▲ +0.6 pp |
| 2024 | 88.6% | €18.63 Billion | €2.12 Billion | €37.35 Billion | ▼ -1.4 pp |
| 2023 | 90.0% | €17.96 Billion | €1.79 Billion | €35.20 Billion | ▲ +14.7 pp |
| 2022 | 75.3% | €17.12 Billion | €4.23 Billion | €35.35 Billion | ▲ +2.6 pp |
| 2021 | 72.6% | €14.97 Billion | €4.10 Billion | €34.54 Billion | ▲ +5.2 pp |
| 2020 | 67.4% | €12.63 Billion | €4.12 Billion | €31.64 Billion | ▲ +2.7 pp |
| 2019 | 64.7% | €13.23 Billion | €4.67 Billion | €31.68 Billion | ▼ -17.1 pp |
| 2018 | 81.8% | €12.18 Billion | €2.22 Billion | €30.13 Billion | ▼ -11.2 pp |
| 2017 | 93.0% | €11.26 Billion | €785.00 Million | €25.27 Billion | ▼ -1.1 pp |
| 2016 | 94.1% | €10.65 Billion | €630.00 Million | €25.32 Billion | ▲ +0.6 pp |
| 2015 | 93.5% | €9.54 Billion | €621.00 Million | €23.89 Billion | ▼ -0.2 pp |
| 2014 | 93.7% | €9.52 Billion | €602.00 Million | €22.43 Billion | ▼ -1.5 pp |
| 2013 | 95.1% | €9.26 Billion | €451.00 Million | €20.68 Billion | ▼ -0.1 pp |
| 2012 | 95.3% | €8.50 Billion | €403.00 Million | €21.58 Billion | ▲ +0.1 pp |
| 2011 | 95.2% | €8.10 Billion | €390.00 Million | €20.89 Billion | ▼ -0.4 pp |
| 2010 | 95.6% | €8.13 Billion | €360.00 Million | €19.66 Billion | ▲ +1.4 pp |
| 2009 | 94.2% | €5.50 Billion | €321.00 Million | €16.52 Billion | ▲ +0.2 pp |
| 2008 | 93.9% | €5.11 Billion | €310.00 Million | €16.59 Billion | ▼ -2.3 pp |
| 2007 | 96.2% | €5.29 Billion | €200.00 Million | €16.45 Billion | ▲ +0.1 pp |
| 2006 | 96.2% | €4.69 Billion | €180.00 Million | €16.87 Billion | ▲ +0.2 pp |
| 2005 | 96.0% | €4.53 Billion | €181.00 Million | €16.88 Billion | ▲ +0.1 pp |
| 2004 | 95.9% | €3.55 Billion | €147.00 Million | €16.07 Billion | ▼ -0.4 pp |
| 2003 | 96.3% | €4.41 Billion | €163.18 Million | €16.17 Billion | ▼ -0.7 pp |
| 2002 | 97.0% | €4.50 Billion | €135.40 Million | €16.31 Billion | — |