Mitek Systems Balance Sheet Health
Financial Health criteria checks 3/6
Mitek Systems has a total shareholder equity of $209.6M and total debt of $143.8M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $409.2M and $199.6M respectively.
Key information
68.6%
Debt to equity ratio
US$143.83m
Debt
| Interest coverage ratio | n/a |
| Cash | US$123.07m |
| Equity | US$209.64m |
| Total liabilities | US$199.59m |
| Total assets | US$409.23m |
Recent financial health updates
Recent updates
The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%
Aug 31
Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)
Jul 17Mitek Systems: Growth Re-Acceleration Likely Around The Corner
May 21Mitek Systems Is Fundamentally Undervalued Despite Recent Issues
Jan 10Mitek Systems: A Strong SaaS Provider Growing Into A New Market
Sep 27Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed
Aug 17Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot
Aug 03Is Mitek Systems (NASDAQ:MITK) A Risky Investment?
Jul 15Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?
Jun 02Mitek's Legal Overhang Sees No Development, Declines Unjustified
May 10Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down
May 01We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease
Apr 11Financial Position Analysis
Short Term Liabilities: MITK's short term assets ($195.7M) exceed its short term liabilities ($43.9M).
Long Term Liabilities: MITK's short term assets ($195.7M) exceed its long term liabilities ($155.7M).
Debt to Equity History and Analysis
Debt Level: MITK's net debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: MITK's debt to equity ratio has increased from 0.7% to 68.6% over the past 5 years.
Debt Coverage: MITK's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: Insufficient data to determine if MITK's interest payments on its debt are well covered by EBIT.