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 '2021', LMNR's equity multiplier was 2.09, representing the level of financial leverage utilized. Industry average for Farming/Seeds/Milling in '2021' stood at 1.28.
• In '2022', LMNR's equity multiplier was 2.04, representing the level of financial leverage utilized. The decrease since '2021' reflects improving financial health. Industry average for Farming/Seeds/Milling in '2022' stood at 0.85. Industry average declined by 0.43 from previous year.
• In '2023', LMNR's equity multiplier was 1.59, representing the level of financial leverage utilized. The decrease since '2022' reflects improving financial health. Industry average for Farming/Seeds/Milling in '2023' stood at 1.31. Industry average increased by 0.46 compared to previous year.
• In '2024', LMNR's equity multiplier was 1.56, representing the level of financial leverage utilized. The decrease since '2023' reflects improving financial health. Industry average for Farming/Seeds/Milling in '2024' stood at 1.64. Industry average increased by 0.33 compared to previous year.
Overall, LMNR'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.