Middlesex Water Company (MSEX) — Cash Flow Quality Index
Middlesex Water Company (MSEX) has a Cash Flow Quality Index of 0.86x as of September 2025. Operating cash flow of $12.05 Million is below net income of $13.96 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how efficiently does Middlesex Water Company generate cash to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Middlesex Water Company Cash Flow Quality Index (1994–2024)
Historical Cash Flow Quality Index for Middlesex Water Company across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Middlesex Water Company cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Middlesex Water Company (1994–2024)
Year-by-year earnings quality comparison for Middlesex Water Company. For live market cap and the full company financial profile, see Middlesex Water Company (MSEX) market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.32x | $58.73 Million | $44.35 Million | ▼ -20.9% |
| 2023 | 1.67x | $52.78 Million | $31.52 Million | ▲ +15.8% |
| 2022 | 1.45x | $61.36 Million | $42.43 Million | ▲ +60.0% |
| 2021 | 0.90x | $33.03 Million | $36.54 Million | ▼ -34.9% |
| 2020 | 1.39x | $53.35 Million | $38.42 Million | ▲ +30.5% |
| 2019 | 1.06x | $36.05 Million | $33.89 Million | ▼ -24.7% |
| 2018 | 1.41x | $45.86 Million | $32.45 Million | ▼ -24.8% |
| 2017 | 1.88x | $42.84 Million | $22.81 Million | ▼ -9.2% |
| 2016 | 2.07x | $47.07 Million | $22.74 Million | ▼ -19.1% |
| 2015 | 2.56x | $51.21 Million | $20.03 Million | ▲ +44.8% |
| 2014 | 1.77x | $32.57 Million | $18.45 Million | ▼ -13.1% |
| 2013 | 2.03x | $33.80 Million | $16.63 Million | ▼ -1.1% |
| 2012 | 2.05x | $29.57 Million | $14.40 Million | ▲ +21.0% |
| 2011 | 1.70x | $22.84 Million | $13.45 Million | ▼ -4.8% |
| 2010 | 1.78x | $25.57 Million | $14.33 Million | ▼ -3.8% |
| 2009 | 1.85x | $18.51 Million | $9.98 Million | ▲ +18.5% |
| 2008 | 1.57x | $19.12 Million | $12.21 Million | ▼ -1.5% |
| 2007 | 1.59x | $18.82 Million | $11.84 Million | ▲ +0.3% |
| 2006 | 1.58x | $15.91 Million | $10.04 Million | ▼ -0.5% |
| 2005 | 1.59x | $13.50 Million | $8.48 Million | ▼ -13.6% |
| 2004 | 1.84x | $15.56 Million | $8.45 Million | ▼ -14.3% |
| 2003 | 2.15x | $14.25 Million | $6.63 Million | ▲ +50.4% |
| 2002 | 1.43x | $11.10 Million | $7.77 Million | ▼ -19.4% |
| 2001 | 1.77x | $12.33 Million | $6.95 Million | ▼ -5.9% |
| 2000 | 1.88x | $10.00 Million | $5.31 Million | ▲ +48.8% |
| 1999 | 1.27x | $10.00 Million | $7.90 Million | ▼ -20.9% |
| 1998 | 1.60x | $10.40 Million | $6.50 Million | ▼ -25.1% |
| 1997 | 2.14x | $12.60 Million | $5.90 Million | ▲ +7.8% |
| 1996 | 1.98x | $10.30 Million | $5.20 Million | ▲ +26.9% |
| 1995 | 1.56x | $8.90 Million | $5.70 Million | ▼ -2.4% |
| 1994 | 1.60x | $8.80 Million | $5.50 Million | — |