Mitek Systems, Inc.

NasdaqCM:MITK Stock Report

Market Cap: US$603.6m

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 ratio2.3x
CashUS$133.61m
EquityUS$205.19m
Total liabilitiesUS$200.19m
Total assetsUS$405.38m

Recent financial health updates

Recent updates

Mitek Systems Is Fundamentally Undervalued Despite Recent Issues

Jan 10

Mitek Systems: A Strong SaaS Provider Growing Into A New Market

Sep 27

Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed

Aug 17

Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot

Aug 03

Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Jul 15
Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Jun 02
Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Mitek's Legal Overhang Sees No Development, Declines Unjustified

May 10

Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

May 01
Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Apr 11
We Think Mitek Systems (NASDAQ:MITK) Can Manage Its Debt With Ease

Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Feb 24
Calculating The Intrinsic Value Of Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems' Monopoly Status Will Allow It To Exert Pricing Power

Jan 27

Mitek's ID Products Continue To Grow In The Mix, Legal Overhang Remains

Dec 22

Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

Oct 21
Mitek Systems (NASDAQ:MITK) Has A Rock Solid Balance Sheet

I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Sep 03
I Ran A Stock Scan For Earnings Growth And Mitek Systems (NASDAQ:MITK) Passed With Ease

Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Aug 20
Mitek Systems' (NASDAQ:MITK) Returns On Capital Not Reflecting Well On The Business

Mitek Systems: A Breakout Quarter Adds To The Bullish Case

Jul 31

Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

Jul 27
Mitek Systems, Inc. (NASDAQ:MITK) Shares Could Be 29% Below Their Intrinsic Value Estimate

Financial 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).


Balance Sheet


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