Middlesex Water Balance Sheet Health
Financial Health criteria checks 2/6
Middlesex Water has a total shareholder equity of $443.8M and total debt of $377.5M, which brings its debt-to-equity ratio to 85.1%. Its total assets and total liabilities are $1.2B and $785.8M respectively. Middlesex Water's EBIT is $55.4M making its interest coverage ratio 3.8. It has cash and short-term investments of $6.3M.
Key information
85.1%
Debt to equity ratio
US$377.53m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$6.34m |
| Equity | US$443.82m |
| Total liabilities | US$785.79m |
| Total assets | US$1.23b |
Recent financial health updates
Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Oct 08
Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of Debt
Oct 10These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt Extensively
May 27Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Jan 26Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Oct 16Recent updates
Middlesex Water: This Dividend King Is Not Worth Your Time
Dec 19At US$62.61, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?
Dec 04Middlesex Water (NASDAQ:MSEX) Is Increasing Its Dividend To $0.34
Oct 29Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Oct 08Middlesex Water Company (NASDAQ:MSEX) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Aug 03There Are Reasons To Feel Uneasy About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Jul 29Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) Price
Dec 26Be Wary Of Middlesex Water (NASDAQ:MSEX) And Its Returns On Capital
Dec 05Middlesex Water (NASDAQ:MSEX) Has Announced That It Will Be Increasing Its Dividend To $0.325
Oct 26Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of Debt
Oct 10Some Investors May Be Worried About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Aug 22These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt Extensively
May 27Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Hit The Brakes
May 10With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Mar 12Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Jan 26Investors Could Be Concerned With Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Dec 19With EPS Growth And More, Middlesex Water (NASDAQ:MSEX) Makes An Interesting Case
Dec 03Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Oct 16Middlesex Water unit gets contract to manage Avalon water, sewer utility
Aug 17Middlesex Water GAAP EPS of $0.50, revenue of $39.68M misses by $1.32M
Jul 29Capital Allocation Trends At Middlesex Water (NASDAQ:MSEX) Aren't Ideal
Jul 26Middlesex Water declares $0.29 dividend
Jul 22Here's Why Middlesex Water (NASDAQ:MSEX) Has Caught The Eye Of Investors
Jun 28Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt Burden
Jun 01Don't Buy Middlesex Water Just For The Dividend
May 12Investors Could Be Concerned With Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Mar 21Is Middlesex Water (NASDAQ:MSEX) A Risky Investment?
Mar 01Middlesex Water Is Still Expensive
Jan 31Here's What's Concerning About Middlesex Water's (NASDAQ:MSEX) Returns On Capital
Dec 10Financial Position Analysis
Short Term Liabilities: MSEX's short term assets ($52.1M) do not cover its short term liabilities ($79.9M).
Long Term Liabilities: MSEX's short term assets ($52.1M) do not cover its long term liabilities ($705.9M).
Debt to Equity History and Analysis
Debt Level: MSEX's net debt to equity ratio (83.6%) is considered high.
Reducing Debt: MSEX's debt to equity ratio has reduced from 105.8% to 85.1% over the past 5 years.
Debt Coverage: MSEX's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: MSEX's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 06:40 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Middlesex Water Company is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| Davis Sunderland | Baird |
| Ryan Connors | Boenning & Scattergood, Inc. |