Mitek Historical Balance Sheet

MITK Stock

USD 9.34 0.24 2.64%

Trend analysis of Mitek Systems balance sheet accounts such as Total Current Liabilities of 62.2 M provides information on Mitek Systems' total assets, liabilities, and equity, which is the actual value of Mitek Systems to its prevalent stockholders. By breaking down trends over time using Mitek Systems balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Mitek Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mitek Systems is a good buy for the upcoming year.

Mitek Systems Inventory

1.89 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

About Mitek Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Mitek Systems at a specified time, usually calculated after every quarter, six months, or one year. Mitek Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mitek Systems and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mitek currently owns. An asset can also be divided into two categories, current and non-current.

Mitek Systems Balance Sheet Chart

At this time, Mitek Systems' Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 98.3 M this year, although the value of Common Stock Total Equity will most likely fall to about 26.4 K.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Inventory Capital Lease Obligations

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Total Assets

Total assets refers to the total amount of Mitek Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mitek Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Mitek Systems balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mitek Systems are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Capital Lease Obligations

Mitek Systems capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Mitek Systems asset purchases. For example, Mitek Systems can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Mitek Systems control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Most accounts from Mitek Systems' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mitek Systems current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 98.3 M this year, although the value of Common Stock Total Equity will most likely fall to about 26.4 K.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	134.2M	140.3M	161.3M	169.4M
Total Assets	360.4M	405.4M	466.2M	489.5M

Short Long Term Debt Total Total Assets

Mitek Systems balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Other Liab	Other Assets	Common Stock Total Equity
Total Assets		0.97	0.98	0.98	0.98	0.88	0.94	0.63	0.99	0.93	0.83	0.97	0.64	0.92	0.98	0.99	0.96	0.98	-0.13	0.86	0.91	0.56	0.96	0.98	0.99	0.59
Short Long Term Debt Total	0.97		0.96	0.95	0.91	0.78	0.98	0.6	0.96	0.9	0.73	0.99	0.61	0.85	0.91	0.99	0.91	0.96	-0.27	0.83	0.91	0.51	0.93	0.99	0.98	0.47
Other Current Liab	0.98	0.96		0.95	0.95	0.91	0.95	0.68	0.98	0.89	0.75	0.98	0.68	0.88	0.93	0.98	0.94	0.97	-0.22	0.81	0.86	0.61	0.95	0.97	0.98	0.54
Total Current Liabilities	0.98	0.95	0.95		0.98	0.85	0.89	0.63	0.98	0.98	0.83	0.93	0.65	0.96	0.98	0.95	0.98	0.96	-0.07	0.94	0.94	0.42	0.91	0.96	0.98	0.56
Total Stockholder Equity	0.98	0.91	0.95	0.98		0.9	0.86	0.61	0.98	0.94	0.88	0.91	0.62	0.95	0.99	0.94	0.97	0.96	-0.03	0.88	0.9	0.5	0.92	0.94	0.97	0.65
Property Plant And Equipment Net	0.88	0.78	0.91	0.85	0.9		0.77	0.61	0.89	0.76	0.76	0.82	0.68	0.79	0.88	0.84	0.86	0.84	-0.07	0.69	0.7	0.65	0.83	0.82	0.86	0.66
Net Debt	0.94	0.98	0.95	0.89	0.86	0.77		0.61	0.93	0.82	0.65	0.98	0.63	0.77	0.86	0.98	0.84	0.91	-0.28	0.74	0.81	0.57	0.9	0.98	0.95	0.44
Retained Earnings	0.63	0.6	0.68	0.63	0.61	0.61	0.61		0.63	0.59	0.22	0.62	0.86	0.58	0.52	0.62	0.64	0.62	0.06	0.58	0.52	0.47	0.59	0.6	0.64	0.1
Non Current Assets Total	0.99	0.96	0.98	0.98	0.98	0.89	0.93	0.63		0.93	0.81	0.96	0.68	0.9	0.97	0.97	0.94	0.95	-0.06	0.86	0.88	0.52	0.91	0.98	0.99	0.6
Net Receivables	0.93	0.9	0.89	0.98	0.94	0.76	0.82	0.59	0.93		0.8	0.86	0.62	0.96	0.95	0.89	0.97	0.91	-0.04	0.98	0.95	0.24	0.83	0.91	0.93	0.5
Common Stock Shares Outstanding	0.83	0.73	0.75	0.83	0.88	0.76	0.65	0.22	0.81	0.8		0.73	0.22	0.84	0.91	0.76	0.81	0.83	-0.04	0.72	0.79	0.37	0.8	0.76	0.8	0.78
Non Current Liabilities Total	0.97	0.99	0.98	0.93	0.91	0.82	0.98	0.62	0.96	0.86	0.73		0.62	0.83	0.91	1.0	0.89	0.96	-0.25	0.77	0.86	0.63	0.96	0.99	0.98	0.51
Inventory	0.64	0.61	0.68	0.65	0.62	0.68	0.63	0.86	0.68	0.62	0.22	0.62		0.56	0.56	0.63	0.64	0.56	0.23	0.63	0.48	0.38	0.51	0.63	0.66	0.16
Other Current Assets	0.92	0.85	0.88	0.96	0.95	0.79	0.77	0.58	0.9	0.96	0.84	0.83	0.56		0.94	0.87	0.97	0.92	0.0	0.93	0.93	0.37	0.87	0.87	0.9	0.56
Other Stockholder Equity	0.98	0.91	0.93	0.98	0.99	0.88	0.86	0.52	0.97	0.95	0.91	0.91	0.56	0.94		0.93	0.96	0.95	-0.05	0.89	0.91	0.44	0.91	0.94	0.96	0.68
Total Liab	0.99	0.99	0.98	0.95	0.94	0.84	0.98	0.62	0.97	0.89	0.76	1.0	0.63	0.87	0.93		0.92	0.97	-0.21	0.82	0.89	0.59	0.96	1.0	0.99	0.52
Property Plant And Equipment Gross	0.96	0.91	0.94	0.98	0.97	0.86	0.84	0.64	0.94	0.97	0.81	0.89	0.64	0.97	0.96	0.92		0.95	-0.13	0.93	0.94	0.43	0.9	0.92	0.94	0.54
Total Current Assets	0.98	0.96	0.97	0.96	0.96	0.84	0.91	0.62	0.95	0.91	0.83	0.96	0.56	0.92	0.95	0.97	0.95		-0.21	0.84	0.92	0.59	0.99	0.96	0.97	0.56
Short Term Debt	-0.13	-0.27	-0.22	-0.07	-0.03	-0.07	-0.28	0.06	-0.06	-0.04	-0.04	-0.25	0.23	0.0	-0.05	-0.21	-0.13	-0.21		0.0	-0.21	-0.16	-0.27	-0.19	-0.12	0.05
Accounts Payable	0.86	0.83	0.81	0.94	0.88	0.69	0.74	0.58	0.86	0.98	0.72	0.77	0.63	0.93	0.89	0.82	0.93	0.84	0.0		0.93	0.11	0.74	0.84	0.86	0.42
Cash	0.91	0.91	0.86	0.94	0.9	0.7	0.81	0.52	0.88	0.95	0.79	0.86	0.48	0.93	0.91	0.89	0.94	0.92	-0.21	0.93		0.29	0.87	0.9	0.9	0.47
Non Currrent Assets Other	0.56	0.51	0.61	0.42	0.5	0.65	0.57	0.47	0.52	0.24	0.37	0.63	0.38	0.37	0.44	0.59	0.43	0.59	-0.16	0.11	0.29		0.69	0.54	0.53	0.38
Cash And Short Term Investments	0.96	0.93	0.95	0.91	0.92	0.83	0.9	0.59	0.91	0.83	0.8	0.96	0.51	0.87	0.91	0.96	0.9	0.99	-0.27	0.74	0.87	0.69		0.94	0.94	0.56
Other Liab	0.98	0.99	0.97	0.96	0.94	0.82	0.98	0.6	0.98	0.91	0.76	0.99	0.63	0.87	0.94	1.0	0.92	0.96	-0.19	0.84	0.9	0.54	0.94		0.99	0.52
Other Assets	0.99	0.98	0.98	0.98	0.97	0.86	0.95	0.64	0.99	0.93	0.8	0.98	0.66	0.9	0.96	0.99	0.94	0.97	-0.12	0.86	0.9	0.53	0.94	0.99		0.57
Common Stock Total Equity	0.59	0.47	0.54	0.56	0.65	0.66	0.44	0.1	0.6	0.5	0.78	0.51	0.16	0.56	0.68	0.52	0.54	0.56	0.05	0.42	0.47	0.38	0.56	0.52	0.57

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Mitek Systems Account Relationship Matchups

Mitek Systems balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	169.2M	419.3M	360.4M	405.4M	466.2M	489.5M
Short Long Term Debt Total	7.1M	129.4M	134.2M	140.3M	161.3M	169.4M
Other Current Liab	10.7M	24.3M	20.0M	20.3M	23.4M	24.5M
Total Current Liabilities	24.4M	38.5M	40.5M	51.5M	59.2M	62.2M
Total Stockholder Equity	132.2M	193.3M	170.3M	205.2M	236.0M	247.8M
Property Plant And Equipment Net	9.0M	10.7M	8.6M	7.0M	8.0M	8.4M
Net Debt	(12.8M)	99.1M	102.1M	81.4M	93.6M	98.3M
Retained Earnings	(14.0M)	(5.6M)	(18.0M)	(9.3M)	(8.4M)	(8.8M)
Non Current Assets Total	85.0M	215.2M	231.3M	215.4M	247.7M	260.1M
Net Receivables	20.8M	20.7M	34.1M	50.5M	58.1M	61.0M
Common Stock Shares Outstanding	42.5M	45.1M	44.7M	46.5M	53.4M	56.1M
Liabilities And Stockholders Equity	169.2M	419.3M	360.4M	405.4M	466.2M	489.5M
Non Current Liabilities Total	12.6M	187.6M	149.6M	148.7M	171.0M	179.5M
Other Current Assets	3.3M	4.0M	2.6M	5.9M	6.8M	7.1M
Other Stockholder Equity	146.5M	199.8M	216.5M	228.7M	263.0M	276.1M
Total Liab	36.9M	226.0M	190.1M	200.2M	230.2M	241.7M
Property Plant And Equipment Gross	9.0M	10.7M	8.6M	14.7M	17.0M	17.8M
Total Current Assets	84.1M	204.1M	129.1M	190.0M	218.5M	229.4M
Accumulated Other Comprehensive Income	(323K)	(943K)	(28.2M)	(14.2M)	(12.8M)	(12.2M)
Short Term Debt	1.9M	2.0M	2.1M	2.1M	2.4M	2.8M
Accounts Payable	3.9M	2.5M	5.0M	7.6M	8.7M	9.2M
Cash	20.0M	30.3M	32.1M	58.9M	67.7M	71.1M
Non Currrent Assets Other	5.6M	54.5M	5.8M	7.2M	8.3M	8.7M
Cash And Short Term Investments	60.0M	179.4M	90.3M	133.6M	153.7M	161.3M
Other Liab	10.8M	8.1M	6.6M	60.1M	69.1M	72.5M
Other Assets	17.5M	18.9M	19.1M	65.0M	74.8M	78.5M
Common Stock Total Equity	38K	40K	42K	44K	50.6K	26.4K
Common Stock	40K	42K	44K	46K	52.9K	28.3K
Property Plant Equipment	4.7M	4.2M	9.0M	10.7M	12.3M	13.0M
Current Deferred Revenue	8.0M	10.4M	13.4M	17.4M	20.0M	21.0M
Intangible Assets	19.3M	28.7M	75.8M	64.7M	74.4M	78.1M
Net Tangible Assets	28.0M	50.3M	77.3M	101.8M	117.1M	123.0M
Good Will	35.7M	62.7M	120.2M	123.5M	142.1M	149.2M
Short Term Investments	40.0M	149.1M	58.3M	74.7M	85.9M	90.2M
Non Current Liabilities Other	982K	6.8M	1.6M	2.9M	3.3M	2.1M

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:

How To Invest In Mitek

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Is Mitek Stock a good investment?

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What is Mitek Systems' Net Worth?

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Largest Application Software Companies

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Largest Software - Application Companies

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For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.94)

Earnings Share

(0.14)

Revenue Per Share

3.59

Quarterly Revenue Growth

0.044

Return On Assets

(0.01)

The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Mitek Historical Balance Sheet

Mitek Systems Inventory

1.89 Million

About Mitek Balance Sheet Analysis

Mitek Systems Balance Sheet Chart

Total Assets

Total Current Liabilities

Capital Lease Obligations

Mitek Systems balance sheet Correlations

Mitek Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mitek Systems balance sheet Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

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Total Liab	+ 1.0	Non Current Liabilities Total
Other Liab	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Short Term Debt	- 0.28	Net Debt
Cash And Short Term Investments	- 0.27	Short Term Debt
Short Term Debt	- 0.27	Short Long Term Debt Total
Short Term Debt	- 0.25	Non Current Liabilities Total
Short Term Debt	- 0.22	Other Current Liab
Cash	- 0.21	Short Term Debt