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

Latest as of December 2025: 37.4%

Compagnie Generale des Etablissements Michelin SCA (ML) has a Working Capital to Net Assets ratio of 37.4% as of December 2025. Working capital of €6.77 Billion (current assets of €14.27 Billion minus current liabilities of €7.50 Billion) is measured against net assets of €18.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Compagnie Generale des Etablissements Mi (ML) financial flexibility to measure the company's free cash flow as a share of total liabilities.

WC/NA Ratio

37.4%
Working Capital / Net Assets

Working Capital

€6.77 Billion
EUR

Current Assets

€14.27 Billion
EUR

Current Liabilities

€7.50 Billion
EUR

Compagnie Generale des Etablissements Michelin SCA Working Capital to Net Assets (2002–2025)

This chart shows how Compagnie Generale des Etablissements Michelin SCA's Working Capital to Net Assets ratio has evolved across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 37.4%, reflecting working capital of €6.77 Billion against net assets of €18.08 Billion EUR. See how many days can Compagnie Generale des Etablissements Mi fund operations to measure how many days the company can operate on defensive assets alone.

Annual Working Capital to Net Assets for Compagnie Generale des Etablissements Michelin SCA (2002–2025)

The table below presents the year-by-year Working Capital to Net Assets ratio for Compagnie Generale des Etablissements Michelin SCA from 2002 to 2025, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Compagnie Generale des Etablissements Mi (ML) total market value.

Year WC/NA Ratio Working Capital (EUR) Net Assets Current Assets Current Liabilities Change (pp)
2025 37.4% €6.77 Billion €18.08 Billion €14.27 Billion €7.50 Billion ▲ +1.9 pp
2024 35.6% €6.63 Billion €18.63 Billion €15.34 Billion €8.71 Billion ▲ +2.6 pp
2023 33.0% €5.92 Billion €17.96 Billion €13.67 Billion €7.74 Billion ▼ -2.3 pp
2022 35.3% €6.04 Billion €17.12 Billion €15.07 Billion €9.04 Billion ▼ -5.3 pp
2021 40.5% €6.07 Billion €14.97 Billion €14.92 Billion €8.86 Billion ▼ -6.6 pp
2020 47.1% €5.95 Billion €12.63 Billion €13.08 Billion €7.14 Billion ▲ +16.5 pp
2019 30.6% €4.05 Billion €13.23 Billion €11.14 Billion €7.09 Billion ▼ -7.7 pp
2018 38.3% €4.67 Billion €12.18 Billion €11.70 Billion €7.03 Billion ▼ -5.2 pp
2017 43.5% €4.90 Billion €11.26 Billion €10.78 Billion €5.88 Billion ▲ +1.9 pp
2016 41.6% €4.43 Billion €10.65 Billion €10.85 Billion €6.42 Billion ▼ -8.0 pp
2015 49.7% €4.74 Billion €9.54 Billion €9.96 Billion €5.22 Billion ▲ +5.8 pp
2014 43.9% €4.18 Billion €9.52 Billion €9.28 Billion €5.11 Billion ▼ -4.5 pp
2013 48.3% €4.47 Billion €9.26 Billion €9.33 Billion €4.86 Billion ▼ -7.2 pp
2012 55.5% €4.72 Billion €8.50 Billion €10.15 Billion €5.44 Billion ▼ -2.7 pp
2011 58.2% €4.72 Billion €8.10 Billion €10.32 Billion €5.60 Billion ▼ -1.1 pp
2010 59.3% €4.82 Billion €8.13 Billion €9.66 Billion €4.84 Billion ▼ -1.7 pp
2009 61.0% €3.35 Billion €5.50 Billion €7.29 Billion €3.94 Billion ▲ +8.1 pp
2008 52.9% €2.71 Billion €5.11 Billion €7.49 Billion €4.79 Billion ▲ +4.3 pp
2007 48.6% €2.57 Billion €5.29 Billion €7.28 Billion €4.71 Billion ▲ +5.2 pp
2006 43.5% €2.04 Billion €4.69 Billion €7.88 Billion €5.84 Billion ▼ -14.3 pp
2005 57.8% €2.62 Billion €4.53 Billion €7.96 Billion €5.34 Billion ▼ -17.8 pp
2004 75.6% €2.68 Billion €3.55 Billion €8.15 Billion €5.46 Billion ▼ -61.1 pp
2003 136.7% €6.03 Billion €4.41 Billion €9.57 Billion €3.54 Billion ▼ -2.0 pp
2002 138.7% €6.24 Billion €4.50 Billion €9.58 Billion €3.34 Billion —
pp = percentage points