Mitek Interest Coverage from 2010 to 2024

MITK Stock  USD 12.66  0.28  2.16%   
Mitek Systems Interest Coverage yearly trend continues to be quite stable with very little volatility. The value of Interest Coverage is projected to decrease to 1.88. From the period between 2010 and 2024, Mitek Systems, Interest Coverage regression line of its data series had sample variance of  73,529 and sample variance of  73,529. View All Fundamentals
 
Interest Coverage  
First Reported
2010-12-31
Previous Quarter
1.97
Current Value
1.88
Quarterly Volatility
271.16141077
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Mitek Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mitek main balance sheet or income statement drivers, such as Depreciation And Amortization of 404.2 K, Interest Expense of 8.5 M or Total Revenue of 173.8 M, as well as many exotic indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0047 or PTB Ratio of 2.03. Mitek financial statements analysis is a perfect complement when working with Mitek Systems Valuation or Volatility modules.
  
This module can also supplement Mitek Systems' financial leverage analysis and stock options assessment as well as various Mitek Systems Technical models . Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Latest Mitek Systems' Interest Coverage Growth Pattern

Below is the plot of the Interest Coverage of Mitek Systems over the last few years. It is Mitek Systems' Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mitek Systems' overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Pretty Stable
   Interest Coverage   
       Timeline  

Mitek Interest Coverage Regression Statistics

Arithmetic Mean(21.44)
Coefficient Of Variation(1,265)
Mean Deviation114.08
Median2.67
Standard Deviation271.16
Sample Variance73,529
Range1.4K
R-Value0.13
Mean Square Error77,940
R-Squared0.02
Significance0.66
Slope7.60
Total Sum of Squares1M

Mitek Interest Coverage History

2024 1.88
2023 1.97
2022 1.72
2021 3.35
2015 2.67
2014 573.41
2013 -839.07

About Mitek Systems Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Mitek Systems income statement, its balance sheet, and the statement of cash flows. Mitek Systems investors use historical funamental indicators, such as Mitek Systems's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Mitek Systems investors may use each financial statement separately, they are all related. The changes in Mitek Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mitek Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Mitek Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Mitek Systems. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Interest Coverage 1.97  1.88 

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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:
Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Mitek Systems' industry 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
10.323
Earnings Share
(0.06)
Revenue Per Share
3.57
Quarterly Revenue Growth
(0.19)
Return On Assets
0.0067
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.