Mitek Total Stockholder Equity vs Cash Analysis

MITK Stock

USD 9.37 0.01 0.11%

Mitek Systems financial indicator trend analysis is infinitely more than just investigating Mitek Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mitek Systems is a good investment. Please check the relationship between Mitek Systems Total Stockholder Equity and its Cash accounts. 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.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Mitek Systems' Total Stockholder Equity and Cash is 0.88. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Mitek Systems, assuming nothing else is changed. The correlation between historical values of Mitek Systems' Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Mitek Systems are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Mitek Systems' Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Mitek Systems, which is listed under current asset account on Mitek Systems balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Mitek Systems customers. The amounts must be unrestricted with restricted cash listed in a different Mitek Systems account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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' Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.47 this year, although the value of Tax Provision is projected to rise to (4.6 M).

	2022	2023	2024	2025 (projected)
Gross Profit	149.6M	171.8M	197.5M	207.4M
Total Revenue	172.6M	172.1M	197.9M	207.8M

Gross Profit Total Revenue

Mitek Systems fundamental ratios 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	0.91	0.98	0.98	0.89	0.89	0.18	0.99	0.94	0.84	0.98	0.66	0.92	0.98	0.99	0.97	0.99	-0.34	0.88	0.87	0.46	0.96	0.99	1.0	0.61
Short Long Term Debt Total	0.97		0.87	0.94	0.92	0.79	0.92	0.13	0.96	0.92	0.75	0.99	0.63	0.88	0.93	0.99	0.92	0.96	-0.47	0.86	0.88	0.4	0.93	0.99	0.98	0.5
Other Current Liab	0.91	0.87		0.91	0.87	0.92	0.94	0.44	0.9	0.77	0.68	0.91	0.7	0.7	0.84	0.92	0.86	0.89	-0.32	0.68	0.61	0.65	0.9	0.9	0.91	0.6
Total Current Liabilities	0.98	0.94	0.91		0.98	0.89	0.86	0.22	0.98	0.96	0.83	0.94	0.7	0.91	0.97	0.96	0.98	0.96	-0.26	0.92	0.84	0.38	0.91	0.96	0.98	0.63
Total Stockholder Equity	0.98	0.92	0.87	0.98		0.9	0.8	0.15	0.98	0.96	0.89	0.92	0.64	0.95	0.99	0.94	0.98	0.97	-0.26	0.9	0.88	0.4	0.93	0.94	0.97	0.66
Property Plant And Equipment Net	0.89	0.79	0.92	0.89	0.9		0.77	0.33	0.89	0.78	0.77	0.83	0.69	0.76	0.87	0.85	0.88	0.86	-0.21	0.72	0.64	0.58	0.84	0.83	0.87	0.67
Net Debt	0.89	0.92	0.94	0.86	0.8	0.77		0.32	0.89	0.75	0.61	0.94	0.65	0.66	0.79	0.94	0.78	0.86	-0.4	0.66	0.63	0.57	0.87	0.93	0.91	0.48
Retained Earnings	0.18	0.13	0.44	0.22	0.15	0.33	0.32		0.18	0.08	-0.16	0.18	0.63	0.0	0.05	0.19	0.17	0.16	0.22	0.06	-0.13	0.47	0.18	0.16	0.21	-0.05
Non Current Assets Total	0.99	0.96	0.9	0.98	0.98	0.89	0.89	0.18		0.94	0.83	0.97	0.7	0.9	0.98	0.98	0.96	0.96	-0.28	0.89	0.85	0.42	0.92	0.98	0.99	0.62
Net Receivables	0.94	0.92	0.77	0.96	0.96	0.78	0.75	0.08	0.94		0.81	0.88	0.65	0.96	0.96	0.9	0.97	0.91	-0.29	0.98	0.92	0.16	0.84	0.92	0.94	0.55
Common Stock Shares Outstanding	0.84	0.75	0.68	0.83	0.89	0.77	0.61	-0.16	0.83	0.81		0.75	0.26	0.83	0.92	0.77	0.82	0.84	-0.23	0.74	0.76	0.29	0.81	0.78	0.81	0.78
Non Current Liabilities Total	0.98	0.99	0.91	0.94	0.92	0.83	0.94	0.18	0.97	0.88	0.75		0.64	0.85	0.92	1.0	0.91	0.97	-0.43	0.8	0.83	0.53	0.96	0.99	0.98	0.53
Inventory	0.66	0.63	0.7	0.7	0.64	0.69	0.65	0.63	0.7	0.65	0.26	0.64		0.57	0.58	0.65	0.67	0.59	0.08	0.66	0.48	0.33	0.54	0.66	0.68	0.2
Other Current Assets	0.92	0.88	0.7	0.91	0.95	0.76	0.66	0.0	0.9	0.96	0.83	0.85	0.57		0.94	0.87	0.96	0.92	-0.3	0.94	0.95	0.22	0.86	0.88	0.89	0.54
Other Stockholder Equity	0.98	0.93	0.84	0.97	0.99	0.87	0.79	0.05	0.98	0.96	0.92	0.92	0.58	0.94		0.94	0.96	0.96	-0.29	0.91	0.89	0.33	0.91	0.94	0.97	0.67
Total Liab	0.99	0.99	0.92	0.96	0.94	0.85	0.94	0.19	0.98	0.9	0.77	1.0	0.65	0.87	0.94		0.93	0.98	-0.41	0.83	0.84	0.5	0.96	1.0	0.99	0.55
Property Plant And Equipment Gross	0.97	0.92	0.86	0.98	0.98	0.88	0.78	0.17	0.96	0.97	0.82	0.91	0.67	0.96	0.96	0.93		0.96	-0.35	0.93	0.9	0.35	0.91	0.93	0.95	0.59
Total Current Assets	0.99	0.96	0.89	0.96	0.97	0.86	0.86	0.16	0.96	0.91	0.84	0.97	0.59	0.92	0.96	0.98	0.96		-0.42	0.85	0.88	0.5	0.99	0.97	0.97	0.6
Short Term Debt	-0.34	-0.47	-0.32	-0.26	-0.26	-0.21	-0.4	0.22	-0.28	-0.29	-0.23	-0.43	0.08	-0.3	-0.29	-0.41	-0.35	-0.42		-0.25	-0.46	-0.12	-0.45	-0.39	-0.33	-0.03
Accounts Payable	0.88	0.86	0.68	0.92	0.9	0.72	0.66	0.06	0.89	0.98	0.74	0.8	0.66	0.94	0.91	0.83	0.93	0.85	-0.25		0.92	0.03	0.76	0.85	0.87	0.47
Cash	0.87	0.88	0.61	0.84	0.88	0.64	0.63	-0.13	0.85	0.92	0.76	0.83	0.48	0.95	0.89	0.84	0.9	0.88	-0.46	0.92		0.1	0.82	0.86	0.85	0.42
Non Currrent Assets Other	0.46	0.4	0.65	0.38	0.4	0.58	0.57	0.47	0.42	0.16	0.29	0.53	0.33	0.22	0.33	0.5	0.35	0.5	-0.12	0.03	0.1		0.61	0.44	0.45	0.37
Cash And Short Term Investments	0.96	0.93	0.9	0.91	0.93	0.84	0.87	0.18	0.92	0.84	0.81	0.96	0.54	0.86	0.91	0.96	0.91	0.99	-0.45	0.76	0.82	0.61		0.94	0.94	0.59
Other Liab	0.99	0.99	0.9	0.96	0.94	0.83	0.93	0.16	0.98	0.92	0.78	0.99	0.66	0.88	0.94	1.0	0.93	0.97	-0.39	0.85	0.86	0.44	0.94		0.99	0.55
Other Assets	1.0	0.98	0.91	0.98	0.97	0.87	0.91	0.21	0.99	0.94	0.81	0.98	0.68	0.89	0.97	0.99	0.95	0.97	-0.33	0.87	0.85	0.45	0.94	0.99		0.6
Common Stock Total Equity	0.61	0.5	0.6	0.63	0.66	0.67	0.48	-0.05	0.62	0.55	0.78	0.53	0.2	0.54	0.67	0.55	0.59	0.6	-0.03	0.47	0.42	0.37	0.59	0.55	0.6

Click cells to compare fundamentals

Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	419.3M	360.4M	405.4M	413.8M	475.8M	499.6M
Short Long Term Debt Total	129.4M	134.2M	140.3M	148.6M	170.9M	179.5M
Other Current Liab	24.3M	20.0M	20.3M	12.7M	14.6M	15.4M
Total Current Liabilities	38.5M	40.5M	51.5M	42.1M	48.5M	50.9M
Total Stockholder Equity	193.3M	170.3M	205.2M	214.8M	247.0M	259.4M
Property Plant And Equipment Net	10.7M	8.6M	7.0M	7.2M	8.3M	8.7M
Net Debt	99.1M	102.1M	81.4M	55.2M	63.5M	66.6M
Retained Earnings	(5.6M)	(18.0M)	(9.3M)	(30.3M)	(27.2M)	(25.9M)
Non Current Assets Total	215.2M	231.3M	215.4M	228.7M	263.0M	276.2M
Net Receivables	20.7M	34.1M	50.5M	47.5M	54.6M	57.4M
Common Stock Shares Outstanding	45.1M	44.7M	46.5M	47.5M	54.6M	57.3M
Liabilities And Stockholders Equity	419.3M	360.4M	405.4M	413.8M	475.8M	499.6M
Non Current Liabilities Total	187.6M	149.6M	148.7M	156.8M	180.3M	189.3M
Other Current Assets	4.0M	2.6M	5.9M	7.2M	8.3M	8.7M
Other Stockholder Equity	199.8M	216.5M	228.7M	247.3M	284.4M	298.6M
Total Liab	226.0M	190.1M	200.2M	199.0M	228.8M	240.2M
Property Plant And Equipment Gross	10.7M	8.6M	14.7M	13.7M	15.8M	16.5M
Total Current Assets	204.1M	129.1M	190.0M	185.1M	212.8M	223.4M
Accumulated Other Comprehensive Income	(943K)	(28.2M)	(14.2M)	(2.3M)	(2.1M)	(2.2M)
Short Term Debt	2.0M	2.1M	2.1M	805K	925.8K	879.5K
Accounts Payable	2.5M	5.0M	7.6M	7.2M	8.3M	8.7M
Cash	30.3M	32.1M	58.9M	93.5M	107.5M	112.8M
Non Currrent Assets Other	54.5M	5.8M	7.2M	5.2M	6.0M	3.0M
Cash And Short Term Investments	179.4M	90.3M	133.6M	130.3M	149.9M	157.4M
Current Deferred Revenue	10.4M	13.4M	17.4M	21.2M	24.4M	25.6M
Intangible Assets	28.7M	75.8M	64.7M	54.1M	62.3M	65.4M
Good Will	62.7M	120.2M	123.5M	131.6M	151.3M	158.9M
Short Term Investments	149.1M	58.3M	74.7M	36.9M	42.4M	39.4M
Non Current Liabilities Other	6.8M	1.6M	2.9M	4.3M	5.0M	5.2M

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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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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.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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

0.1

Revenue Per Share

3.725

Quarterly Revenue Growth

0.009

Return On Assets

0.0133

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 Total Stockholder Equity vs Cash Analysis

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Cash

Mitek Systems fundamental ratios Correlations

Mitek Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mitek Systems fundamental ratios Accounts

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

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COMPANY

Other Assets	+ 1.0	Total Assets
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
Total Current Assets	+ 0.99	Total Assets

Short Term Debt	- 0.47	Short Long Term Debt Total
Cash	- 0.46	Short Term Debt
Cash And Short Term Investments	- 0.45	Short Term Debt
Short Term Debt	- 0.43	Non Current Liabilities Total
Short Term Debt	- 0.42	Total Current Assets
Short Term Debt	- 0.41	Total Liab