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', UVV's equity multiplier was 1.93, representing the level of financial leverage utilized. Industry average for Farming/Seeds/Milling in '2022' stood at 0.85.
• In '2023', UVV's equity multiplier was 1.89, 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', UVV's equity multiplier was 2.04, representing the level of financial leverage utilized. The increase compared to '2023' may signal growing financial pressure. Industry average for Farming/Seeds/Milling in '2024' stood at 1.64. Industry average increased by 0.33 compared to previous year.
• In '2025', UVV's equity multiplier was 2.05, representing the level of financial leverage utilized. The increase compared to '2024' may signal growing financial pressure. Industry average for Farming/Seeds/Milling in '2025' stood at 2.05. Industry average increased by 0.41 compared to previous year.
Overall, UVV'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.