Name: Equity Multiplier

Definition: The equity multiplier shows how much total assets the company controls for every dollar invested by shareholders. It reflects how much debt is being used to stretch owners’ equity. A higher multiplier means greater use of debt to amplify returns — but also amplifies risk if things go wrong. Lower multipliers suggest a safer, more self-funded business.

Interpretation:
• In '2020', AGAE's equity multiplier was 1.85, representing the level of financial leverage utilized. Industry average for Services-Misc. Amusement & Recreation in '2020' stood at 1.85.
• In '2021', AGAE's equity multiplier was 1.07, representing the level of financial leverage utilized. The decrease since '2020' reflects improving financial health. Industry average for Services-Misc. Amusement & Recreation in '2021' stood at 2.76. Industry average increased by 0.91 compared to previous year.
• In '2022', AGAE's equity multiplier was 1.11, representing the level of financial leverage utilized. The increase compared to '2021' may signal growing financial pressure. Industry average for Services-Misc. Amusement & Recreation in '2022' stood at 1.92. Industry average declined by 0.84 from previous year.
• In '2023', AGAE's equity multiplier was 1.35, representing the level of financial leverage utilized. The increase compared to '2022' may signal growing financial pressure. Industry average for Services-Misc. Amusement & Recreation in '2023' stood at 2.63. Industry average increased by 0.71 compared to previous year.
Overall, AGAE's equity multiplier has been volatile but showed a downward trend over the past 4 years.

Formula: Equity Multiplier = Total Assets / Shareholders' Equity

Good Range: Usually ranges from 1.5 to 3 depending on industry.