Mitek Systems Balance Sheet Health
Financial Health criteria checks 3/6
Mitek Systems has a total shareholder equity of $216.1M and total debt of $141.7M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are $417.0M and $200.9M respectively.
Key information
65.6%
Debt to equity ratio
US$141.69m
Debt
Interest coverage ratio | n/a |
Cash | US$123.93m |
Equity | US$216.15m |
Total liabilities | US$200.88m |
Total assets | US$417.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKQ's short term assets ($201.6M) exceed its short term liabilities ($47.3M).
Long Term Liabilities: MKQ's short term assets ($201.6M) exceed its long term liabilities ($153.6M).
Debt to Equity History and Analysis
Debt Level: MKQ's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: MKQ's debt to equity ratio has increased from 0.5% to 65.6% over the past 5 years.
Debt Coverage: MKQ's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: Insufficient data to determine if MKQ's interest payments on its debt are well covered by EBIT.