Middlesex Water Company Cash Flow Quality Index
Middlesex Water Company 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 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Middlesex Water Company (1994–2024)
Cash flow quality index of Middlesex Water Company from 1994 to 2024. Historical Cash Flow Quality Index for Middlesex Water Company across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. See MSEX equity to assets ratio to measure how much of total assets are equity-financed.
Middlesex Water Company Cash Flow Quality Index by Year (1994–2024)
Middlesex Water Company cash flow quality index by year from 1994 to 2024. Year-by-year earnings quality comparison for Middlesex Water Company. For the full cash flow conversion analysis, see cash flow conversion of Middlesex Water Company.
| 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 | — |