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

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 ML cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.