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Mitek Systems Cash-to-Debt

: 9.89 (As of Dec. 2020)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mitek Systems's cash to debt ratio for the quarter that ended in Dec. 2020 was 9.89.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Mitek Systems could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

NAS:MITK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: No Debt   Max: No Debt
Current: 9.89

0.01
No Debt

During the past 13 years, Mitek Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

NAS:MITK's Cash-to-Debt is ranked higher than
67% of the 2303 Companies
in the Software industry.

( Industry Median: 2.41 vs. NAS:MITK: 9.89 )

Mitek Systems Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Mitek Systems Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt 8.40

Mitek Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.13 4.79 6.72 8.40 9.89

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Mitek Systems Cash-to-Debt Distribution

* The bar in red indicates where Mitek Systems's Cash-to-Debt falls into.



Mitek Systems Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Mitek Systems's Cash to Debt Ratio for the fiscal year that ended in Sep. 2020 is calculated as:

Mitek Systems's Cash to Debt Ratio for the quarter that ended in Dec. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Mitek Systems  (NAS:MITK) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Mitek Systems Cash-to-Debt Related Terms


Mitek Systems Cash-to-Debt Headlines

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