Compagnie Generale des Etablissements Michelin SCA (0OFM) — Working Capital to Net Assets Ratio

Compagnie Generale des Etablissements Michelin SCA (0OFM) has a Working Capital to Net Assets ratio of 42.2% as of June 2021. Working capital of €5.81 Billion (current assets of €13.50 Billion minus current liabilities of €7.69 Billion) is measured against net assets of €13.79 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 0OFM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.