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 MSEX strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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 tangible equity quality to evaluate the tangible quality of the company's equity base.
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 MSEX company net worth.
| 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 | — |