Middlesex Water Company (MSEX) — Capital Reinvestment Ratio
Middlesex Water Company (MSEX) has a Capital Reinvestment Ratio of 1.57x as of September 2025, meaning it reinvests 2% of its operating cash flow ($12.05 Million) in capital expenditures ($18.91 Million). Check MSEX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Middlesex Water Company Capital Reinvestment Ratio (1994–2024)
This chart tracks Middlesex Water Company's Capital Reinvestment Ratio across 31 annual periods. For the full cash flow conversion analysis, see MSEX cash flow conversion.
Annual Capital Reinvestment Ratio for Middlesex Water Company (1994–2024)
Year-by-year Capital Reinvestment Ratio for Middlesex Water Company from 1994 to 2024. See Middlesex Water Company (MSEX) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.27x | $58.73 Million | $74.62 Million | ▼ -25.6% |
| 2023 | 1.71x | $52.78 Million | $90.18 Million | ▲ +14.8% |
| 2022 | 1.49x | $61.36 Million | $91.33 Million | ▼ -38.1% |
| 2021 | 2.40x | $33.03 Million | $79.38 Million | ▲ +21.4% |
| 2020 | 1.98x | $53.35 Million | $105.62 Million | ▼ -19.9% |
| 2019 | 2.47x | $36.05 Million | $89.12 Million | ▲ +57.3% |
| 2018 | 1.57x | $45.86 Million | $72.09 Million | ▲ +33.9% |
| 2017 | 1.17x | $42.84 Million | $50.30 Million | ▲ +16.7% |
| 2016 | 1.01x | $47.07 Million | $47.38 Million | ▲ +100.0% |
| 2015 | 0.50x | $51.21 Million | $25.77 Million | ▼ -27.5% |
| 2014 | 0.69x | $32.57 Million | $22.60 Million | ▲ +16.8% |
| 2013 | 0.59x | $33.80 Million | $20.08 Million | ▼ -18.6% |
| 2012 | 0.73x | $29.57 Million | $21.58 Million | ▼ -29.3% |
| 2011 | 1.03x | $22.84 Million | $23.56 Million | ▼ -10.9% |
| 2010 | 1.16x | $25.57 Million | $29.60 Million | ▲ +6.5% |
| 2009 | 1.09x | $18.51 Million | $20.13 Million | ▼ -26.9% |
| 2008 | 1.49x | $19.12 Million | $28.43 Million | ▲ +27.6% |
| 2007 | 1.17x | $18.82 Million | $21.93 Million | ▼ -38.9% |
| 2006 | 1.91x | $15.91 Million | $30.36 Million | ▲ +1.9% |
| 2005 | 1.87x | $13.50 Million | $25.29 Million | ▼ -2.4% |
| 2004 | 1.92x | $15.56 Million | $29.86 Million | ▲ +39.7% |
| 2003 | 1.37x | $14.25 Million | $19.57 Million | ▼ -7.5% |
| 2002 | 1.49x | $11.10 Million | $16.49 Million | ▲ +43.8% |
| 2001 | 1.03x | $12.33 Million | $12.75 Million | ▼ -24.3% |
| 2000 | 1.36x | $10.00 Million | $13.64 Million | ▼ -41.4% |
| 1999 | 2.33x | $10.00 Million | $23.30 Million | ▼ -7.9% |
| 1998 | 2.53x | $10.40 Million | $26.30 Million | ▲ +212.4% |
| 1997 | 0.81x | $12.60 Million | $10.20 Million | ▲ +34.5% |
| 1996 | 0.60x | $10.30 Million | $6.20 Million | ▼ -40.5% |
| 1995 | 1.01x | $8.90 Million | $9.00 Million | ▲ +48.3% |
| 1994 | 0.68x | $8.80 Million | $6.00 Million | — |