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', KSS's equity multiplier was 3.23, representing the level of financial leverage utilized. Industry average for Department/Specialty Retail Stores in '2022' stood at 3.80.
• In '2023', KSS's equity multiplier was 3.81, representing the level of financial leverage utilized. The increase compared to '2022' may signal growing financial pressure. Industry average for Department/Specialty Retail Stores in '2023' stood at 3.65. Industry average declined by 0.15 from previous year.
• In '2024', KSS's equity multiplier was 3.60, representing the level of financial leverage utilized. The decrease since '2023' reflects improving financial health. Industry average for Department/Specialty Retail Stores in '2024' stood at 3.37. Industry average declined by 0.28 from previous year.
• In '2025', KSS's equity multiplier was 3.57, representing the level of financial leverage utilized. The decrease since '2024' reflects improving financial health. Industry average for Department/Specialty Retail Stores in '2025' stood at 3.54. Industry average increased by 0.17 compared to previous year.
Overall, KSS's equity multiplier has steadily improved over the past 4 years.

Formula: Equity Multiplier = Total Assets / Shareholders' Equity

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