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', TAYD's equity multiplier was 1.13, representing the level of financial leverage utilized. Industry average for Industrial Machinery/Components in '2021' stood at 1.67.
• In '2022', TAYD's equity multiplier was 1.14, representing the level of financial leverage utilized. The increase compared to '2021' may signal growing financial pressure. Industry average for Industrial Machinery/Components in '2022' stood at 1.98. Industry average increased by 0.31 compared to previous year.
• In '2023', TAYD's equity multiplier was 1.16, representing the level of financial leverage utilized. The increase compared to '2022' may signal growing financial pressure. Industry average for Industrial Machinery/Components in '2023' stood at 1.88. Industry average declined by 0.10 from previous year.
• In '2024', TAYD's equity multiplier was 1.23, representing the level of financial leverage utilized. The increase compared to '2023' may signal growing financial pressure. Industry average for Industrial Machinery/Components in '2024' stood at 1.90. Industry average increased by 0.01 compared to previous year.
Overall, TAYD'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.