Middlesex Water Company

Middlesex Water Companyverified

MSEX

Price:

$51.4

Market Cap:

$916.39M

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.[Read more]

Industry

Regulated Water

IPO Date

1973-02-21

Stock Exchange

NASDAQ

Ticker

MSEX

The Current Ratio as of June 2024 (TTM) for Middlesex Water Company (MSEX) is 0.95

According to Middlesex Water Company’s latest financial reports and current stock price. The company's current Current Ratio is 0.95. This represents a change of 6.15% compared to the average of 0.89 of the last 4 quarters.

Middlesex Water Company (MSEX) Historical Current Ratio (quarterly & annually)

How has MSEX Current Ratio performed in the past?

The mean historical Current Ratio of Middlesex Water Company over the last ten years is 0.57. The current 0.95 Current Ratio has changed 16.42% with respect to the historical average. Over the past ten years (40 quarters), MSEX's Current Ratio was at its highest in in the September 2023 quarter at 1.12. The Current Ratio was at its lowest in in the June 2019 quarter at 0.31.

Quarterly (TTM)
Annual

Average

0.57

Median

0.54

Minimum

0.32

Maximum

1.05

Middlesex Water Company (MSEX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Middlesex Water Company Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 230.25%

Maximum Annual Current Ratio = 1.05

Minimum Annual Increase = -47.83%

Minimum Annual Current Ratio = 0.32

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.05230.25%
20220.32-47.83%
20210.611.09%
20200.6033.89%
20190.4537.29%
20180.33-27.94%
20170.45-20.18%
20160.57-34.13%
20150.8665.40%
20140.526.25%

Middlesex Water Company (MSEX) Average Current Ratio

How has MSEX Current Ratio performed in the past?

The current Current Ratio of Middlesex Water Company (MSEX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.66

5-year avg

0.60

10-year avg

0.57

Middlesex Water Company (MSEX) Current Ratio vs. Peers

How is MSEX’s Current Ratio compared to its peers?

Middlesex Water Company’s Current Ratio is greater than SJW Group (0.55), less than American States Water Company (1.15), less than The York Water Company (0.98), less than Artesian Resources Corporation (1.42), greater than California Water Service Group (0.56), less than Global Water Resources, Inc. (1.83), less than Consolidated Water Co. Ltd. (4.99), greater than Essential Utilities, Inc. (0.62), greater than American Water Works Company, Inc. (0.85),

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