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', SNX's equity multiplier was 3.50, representing the level of financial leverage utilized. Industry average for Retail: Computer Software & Peripheral Equipment in '2021' stood at 2.94.
• In '2022', SNX's equity multiplier was 3.70, representing the level of financial leverage utilized. The increase compared to '2021' may signal growing financial pressure. Industry average for Retail: Computer Software & Peripheral Equipment in '2022' stood at 2.83. Industry average declined by 0.11 from previous year.
• In '2023', SNX's equity multiplier was 3.59, representing the level of financial leverage utilized. The decrease since '2022' reflects improving financial health. Industry average for Retail: Computer Software & Peripheral Equipment in '2023' stood at 2.70. Industry average declined by 0.13 from previous year.
• In '2024', SNX's equity multiplier was 3.77, representing the level of financial leverage utilized. The increase compared to '2023' may signal growing financial pressure. Industry average for Retail: Computer Software & Peripheral Equipment in '2024' stood at 2.72. Industry average increased by 0.02 compared to previous year.
Overall, SNX'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.