Middlesex Water Company (MSEX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 1.39B | 1.37B | 1.34B | 1.32B | 1.28B | 1.26B | 1.23B | 1.27B | 1.25B | 1.24B | 1.24B | 1.13B | 1.1B | 1.07B | 1.06B | 1.04B | 1.01B | 1.02B | 1.03B | 1.01B |
| Asset Growth % | 8.37% | 8.81% | 9.14% | 3.24% | 2.31% | 1.55% | -1.11% | 13.04% | 13.76% | 15.04% | 16.79% | 8.63% | 8.85% | 5.34% | 3.41% | 2.27% | 2.37% | 4.46% | 7.27% | 6.74% |
| PP&E (Net) | 1.83M | 1.16B | 2.12M | 1.11B | 2.42M | 1.06B | 2.72M | 1.03B | 1.02B | 1.01B | 988.84M | 970.61M | 945.65M | 924.35M | 903.85M | 883.09M | 862.37M | 869.87M | 854.59M | 840.29M |
| PP&E / Total Assets % | 0.13% | 85.05% | 0.16% | 84.7% | 0.19% | 84.29% | 0.22% | 81.18% | 81.92% | 81.96% | 79.53% | 86.08% | 86.05% | 86.03% | 84.89% | 85.07% | 85.42% | 85.28% | 83% | 82.79% |
| Total Current Assets | 46.83M | 41.77M | 49.6M | 49.51M | 46.5M | 42.97M | 52.15M | 121M | 111.21M | 108.54M | 135.76M | 40.57M | 39.52M | 37.31M | 41.47M | 39.02M | 32.87M | 34.35M | 40.57M | 37.24M |
| Cash & Equivalents | 2.04M | 2.8M | 3.38M | 2.56M | 2.66M | 4.23M | 6.34M | 8.03M | 2.85M | 2.39M | 2.97M | 4.38M | 4.86M | 3.83M | 2.91M | 4.32M | 3.29M | 3.53M | 5.28M | 6.03M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 7.55M | 7.31M | 6.92M | 7.03M | 6.72M | 6.55M | 6.48M | 7.07M | 6.97M | 6.41M | 6.43M | 6.56M | 6.18M | 5.79M | 5.71M | 5.37M | 5.36M | 5.16M | 4.66M |
| Other Current Assets | 26.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 1.68M | 1.68M | 1.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.34B | 160.76M | 1.29B | 150.2M | 1.23B | 154.23M | 1.08B | 27.05M | 25.1M | 114.47M | 31.05M | 31.21M | 34.69M | 112.77M | 42.37M | 41.44M | 42.34M | 46.29M | 71.09M | 75.39M |
| Total Liabilities | 884.99M | 870.36M | 859.41M | 856.75M | 829.91M | 808.28M | 785.79M | 839.68M | 820.33M | 810.98M | 821.75M | 714.02M | 693.48M | 672.04M | 664.51M | 650.37M | 629.62M | 650.21M | 665.17M | 657.79M |
| Total Debt | 418.68M | 419.25M | 415.36M | 416.63M | 395.25M | 385.96M | 380.12M | 439.54M | 426.3M | 412.31M | 407.19M | 394.79M | 379.13M | 366.95M | 353.18M | 344.76M | 332.43M | 330.62M | 327.82M | 315.88M |
| Net Debt | 416.64M | 416.45M | 411.97M | 414.07M | 392.59M | 381.74M | 373.77M | 431.51M | 423.44M | 409.92M | 404.22M | 390.41M | 374.27M | 363.12M | 350.27M | 340.44M | 329.13M | 327.08M | 322.54M | 309.85M |
| Long-Term Debt | 418.68M | 380.71M | 350.15M | 351.08M | 351.26M | 352.82M | 352.28M | 355.98M | 356.96M | 358.15M | 354.28M | 350.45M | 329.64M | 290.28M | 301.24M | 305.41M | 306.52M | 306.52M | 266.48M | 272.5M |
| Short-Term Borrowings | 0 | 36.7M | 63.24M | 63.43M | 41.72M | 30.71M | 25.25M | 80.82M | 65.83M | 50.49M | 49.69M | 40.96M | 45.95M | 72.96M | 48.07M | 35.31M | 21.71M | 19.73M | 56.81M | 38.67M |
| Capital Lease Obligations | 0 | 1.84M | 1.96M | 2.72M | 2.77M | 2.43M | 3.19M | 2.15M | 3.5M | 3.66M | 3.22M | 3.38M | 3.54M | 3.71M | 3.87M | 4.04M | 4.2M | 4.37M | 4.54M | 4.7M |
| Total Current Liabilities | 119.66M | 93.8M | 118.28M | 121.48M | 101.22M | 82.89M | 79.91M | 134.98M | 117.16M | 103.83M | 121.3M | 87.56M | 95.98M | 117.86M | 92.97M | 78.83M | 59.67M | 56.62M | 92.49M | 80.75M |
| Accounts Payable | 29.5M | 31.33M | 28.14M | 30.78M | 31.5M | 28.05M | 32.35M | 25.22M | 23.24M | 27.62M | 28.6M | 28.27M | 27.62M | 24.85M | 25.87M | 24.25M | 18.06M | 21.13M | 17.34M | 23.1M |
| Accrued Expenses | 0 | 0 | 0 | 0 | 0 | 2.92M | 0 | 3.25M | 2.65M | 3.14M | 2.55M | 3.1M | 2.5M | 2.54M | 2.17M | 2.15M | 1.96M | 1.99M | 1.19M | 2.17M |
| Deferred Revenue | 467K | 497K | 1.5M | 1.84M | 1.53M | 1.48M | 1.55M | 1.69M | 1.36M | 1.39M | 1.46M | 1.48M | 1.31M | 1.36M | 1.48M | 1.5M | 1.32M | 1.33M | 1.39M | 1.4M |
| Other Current Liabilities | 89.69M | 9.28M | 9.86M | 9.46M | 8.52M | 7.76M | 6.75M | 4.12M | 8.75M | 3.82M | 2.91M | 3.42M | 2.6M | 3.99M | 2.79M | 3.1M | 2.59M | 3.83M | 3.07M | 3.18M |
| Deferred Taxes | 111.15M | 110.47M | 110.63M | 107.32M | 103.63M | 101.23M | 95.41M | 91.8M | 89.69M | 88.74M | 87.76M | 85.2M | 79.05M | 77.78M | 76.98M | 74.47M | 72M | 69.5M | 63.35M | 62.06M |
| Other Liabilities | 235.51M | 258.02M | 252.93M | 251.31M | 247.24M | 246.27M | 234.05M | 233.03M | 232.53M | 235.88M | 233.72M | 166.41M | 162.97M | 161.03M | 167.03M | 164.7M | 164.22M | 189.67M | 214.76M | 214.15M |
| Total Equity | 501.05M | 495.37M | 482.55M | 459.13M | 449.05M | 446.9M | 443.82M | 434.96M | 429.78M | 425.07M | 421.67M | 413.56M | 405.44M | 402.41M | 400.16M | 387.65M | 379.97M | 369.81M | 364.42M | 357.18M |
| Equity Growth % | 11.58% | 10.85% | 8.72% | 5.56% | 4.48% | 5.13% | 5.25% | 5.17% | 6% | 5.63% | 5.37% | 6.68% | 6.7% | 8.82% | 9.81% | 8.53% | 8.27% | 6.18% | 5.88% | 6.48% |
| Shareholders Equity | 501.05M | 495.37M | 482.55M | 459.13M | 449.05M | 446.9M | 443.82M | 434.96M | 429.78M | 425.07M | 421.67M | 413.56M | 405.44M | 402.41M | 400.16M | 387.65M | 379.97M | 369.81M | 364.42M | 357.18M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 282.24M | 279.15M | 269.64M | 252.69M | 248.61M | 248.2M | 247.58M | 247.01M | 246.55M | 246.76M | 243.25M | 239.54M | 235.76M | 233.05M | 232.42M | 229.04M | 225.09M | 221.92M | 218.66M | 218.1M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 218.8M | 214.88M | 212.91M | 205.09M | 200.44M | 197.06M | 194.36M | 185.86M | 181.14M | 176.23M | 176.33M | 171.93M | 167.6M | 167.27M | 165.65M | 156.53M | 152.79M | 145.81M | 143.68M | 137M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.77% | 0.64% | 1.05% | 0.83% | 0.75% | 0.71% | 1.14% | 0.84% | 0.86% | 0.46% | 0.84% | 0.89% | 0.54% | 0.67% | 1.36% | 0.87% | 1.19% | 0.71% | 1.12% | 1.09% |
| Return on Equity (ROE) | 2.13% | 1.76% | 2.96% | 2.37% | 2.12% | 1.98% | 3.26% | 2.44% | 2.5% | 1.36% | 2.39% | 2.42% | 1.45% | 1.79% | 3.63% | 2.31% | 3.23% | 1.97% | 3.18% | 3.09% |
| Debt / Equity | 0.84x | 0.85x | 0.86x | 0.91x | 0.88x | 0.86x | 0.86x | 1.01x | 0.99x | 0.97x | 0.97x | 0.95x | 0.94x | 0.91x | 0.88x | 0.89x | 0.87x | 0.89x | 0.90x | 0.88x |
| Debt / Assets | 30.21% | 30.7% | 30.95% | 31.66% | 30.9% | 30.75% | 30.91% | 34.48% | 34.1% | 33.36% | 32.75% | 35.01% | 34.5% | 34.15% | 33.17% | 33.21% | 32.93% | 32.41% | 31.84% | 31.12% |
| Net Debt / EBITDA | 31.80x | 21.13x | 15.70x | 19.30x | 20.16x | 20.82x | 15.12x | 19.31x | 26.73x | 26.31x | 19.83x | 21.68x | 25.48x | 23.45x | 15.03x | 20.43x | 17.01x | 20.59x | 20.44x | 18.87x |
| Book Value per Share | 26.97 | 26.87 | 26.58 | 25.52 | 25.02 | 24.89 | 24.72 | 24.24 | 23.96 | 23.85 | 23.59 | 23.2 | 22.82 | 22.81 | 22.55 | 21.9 | 21.52 | 21.04 | 20.7 | 20.29 |