Mitek Systems Balance Sheet Health
Financial Health criteria checks 4/6
Mitek Systems has a total shareholder equity of $214.8M and total debt of $146.3M, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are $413.8M and $199.0M respectively. Mitek Systems's EBIT is $4.1M making its interest coverage ratio 0.4. It has cash and short-term investments of $130.3M.
Key information
68.1%
Debt to equity ratio
US$146.30m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$130.34m |
| Equity | US$214.80m |
| Total liabilities | US$198.95m |
| Total assets | US$413.75m |
Recent financial health updates
Recent updates
Mitek Systems Earnings: Strong Q4 Results Propel Stock Higher
Dec 17The 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 01Financial Position Analysis
Short Term Liabilities: MITK's short term assets ($185.1M) exceed its short term liabilities ($42.1M).
Long Term Liabilities: MITK's short term assets ($185.1M) exceed its long term liabilities ($156.8M).
Debt to Equity History and Analysis
Debt Level: MITK's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: MITK's debt to equity ratio has increased from 0.6% to 68.1% over the past 5 years.
Debt Coverage: MITK's debt is well covered by operating cash flow (21.7%).
Interest Coverage: MITK's interest payments on its debt are not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:10 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mitek Systems, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Schappel | Benchmark Company |
| Allen Klee | B. Riley Wealth |
| Joel Fishbein | BTIG |