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 '2022', DY's equity multiplier was 2.79, representing the level of financial leverage utilized. Industry average for Water Sewer Pipeline Comm & Power Line Construction in '2022' stood at 3.47.
• In '2023', DY's equity multiplier was 2.66, representing the level of financial leverage utilized. The decrease since '2022' reflects improving financial health. Industry average for Water Sewer Pipeline Comm & Power Line Construction in '2023' stood at 3.52. Industry average increased by 0.06 compared to previous year.
• In '2024', DY's equity multiplier was 2.39, representing the level of financial leverage utilized. The decrease since '2023' reflects improving financial health. Industry average for Water Sewer Pipeline Comm & Power Line Construction in '2024' stood at 2.66. Industry average declined by 0.86 from previous year.
• In '2025', DY's equity multiplier was 2.38, representing the level of financial leverage utilized. The decrease since '2024' reflects improving financial health. Industry average for Water Sewer Pipeline Comm & Power Line Construction in '2025' stood at 2.38. Industry average declined by 0.28 from previous year.
Overall, DY's equity multiplier has consistently declined during the past 4 years.

Formula: Equity Multiplier = Total Assets / Shareholders' Equity

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