Mitek Systems Balance Sheet Health
Financial Health criteria checks 4/6
Mitek Systems has a total shareholder equity of $205.2M and total debt of $136.8M, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $405.4M and $200.2M respectively. Mitek Systems's EBIT is $21.1M making its interest coverage ratio 2.3. It has cash and short-term investments of $133.6M.
Key information
66.7%
Debt to equity ratio
US$136.82m
Debt
Interest coverage ratio | 2.3x |
Cash | US$133.61m |
Equity | US$205.19m |
Total liabilities | US$200.19m |
Total assets | US$405.38m |
Recent financial health updates
Recent updates
Mitek 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 11Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)
Feb 24Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power
Jan 27Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains
Dec 22Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet
Oct 21I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease
Sep 03Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business
Aug 20Mitek Systems: A Breakout Quarter Adds To The Bullish Case
Jul 31Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate
Jul 27Financial Position Analysis
Short Term Liabilities: MITK's short term assets ($190.0M) exceed its short term liabilities ($51.5M).
Long Term Liabilities: MITK's short term assets ($190.0M) exceed its long term liabilities ($148.7M).
Debt to Equity History and Analysis
Debt Level: MITK's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: MITK's debt to equity ratio has increased from 0.8% to 66.7% over the past 5 years.
Debt Coverage: MITK's debt is well covered by operating cash flow (23.1%).
Interest Coverage: MITK's interest payments on its debt are not well covered by EBIT (2.3x coverage).