Middlesex Water Company (MSEX) — Cash Flow-to-Debt Ratio
Middlesex Water Company (MSEX) has a Cash Flow-to-Debt Ratio of 0.01x as of September 2025, meaning its operating cash flow of $12.05 Million could theoretically repay 0% of its total liabilities ($859.41 Million) in one year. See MSEX financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Middlesex Water Company Cash Flow-to-Debt Ratio (1994–2024)
Historical debt coverage capacity for Middlesex Water Company across 31 annual periods. For the full cash flow conversion analysis, see Middlesex Water Company cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for Middlesex Water Company (1994–2024)
Year-by-year debt coverage analysis for Middlesex Water Company. Check earnings quality score of Middlesex Water Company to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.07x | $58.73 Million | $808.28 Million | ▲ +11.6% |
| 2023 | 0.07x | $52.78 Million | $810.98 Million | ▼ -28.7% |
| 2022 | 0.09x | $61.36 Million | $672.04 Million | ▲ +79.7% |
| 2021 | 0.05x | $33.03 Million | $650.21 Million | ▼ -40.2% |
| 2020 | 0.08x | $53.35 Million | $628.18 Million | ▲ +37.6% |
| 2019 | 0.06x | $36.05 Million | $584.00 Million | ▼ -30.5% |
| 2018 | 0.09x | $45.86 Million | $516.61 Million | ▼ -11.0% |
| 2017 | 0.10x | $42.84 Million | $429.53 Million | ▼ -15.4% |
| 2016 | 0.12x | $47.07 Million | $399.29 Million | ▼ -13.5% |
| 2015 | 0.14x | $51.21 Million | $375.59 Million | ▲ +57.4% |
| 2014 | 0.09x | $32.57 Million | $376.05 Million | ▼ -13.2% |
| 2013 | 0.10x | $33.80 Million | $338.71 Million | ▲ +27.1% |
| 2012 | 0.08x | $29.57 Million | $376.74 Million | ▲ +22.8% |
| 2011 | 0.06x | $22.84 Million | $357.20 Million | ▼ -21.8% |
| 2010 | 0.08x | $25.57 Million | $312.54 Million | ▲ +39.3% |
| 2009 | 0.06x | $18.51 Million | $315.08 Million | ▼ -8.2% |
| 2008 | 0.06x | $19.12 Million | $298.82 Million | ▼ -13.1% |
| 2007 | 0.07x | $18.82 Million | $255.54 Million | ▲ +9.7% |
| 2006 | 0.07x | $15.91 Million | $236.96 Million | ▲ +9.8% |
| 2005 | 0.06x | $13.50 Million | $220.83 Million | ▼ -21.5% |
| 2004 | 0.08x | $15.56 Million | $199.94 Million | ▼ -2.0% |
| 2003 | 0.08x | $14.25 Million | $179.49 Million | ▲ +17.3% |
| 2002 | 0.07x | $11.10 Million | $164.04 Million | ▼ -12.2% |
| 2001 | 0.08x | $12.33 Million | $160.02 Million | ▲ +11.6% |
| 2000 | 0.07x | $10.00 Million | $144.70 Million | ▼ -3.0% |
| 1999 | 0.07x | $10.00 Million | $140.40 Million | ▼ -9.7% |
| 1998 | 0.08x | $10.40 Million | $131.80 Million | ▼ -35.1% |
| 1997 | 0.12x | $12.60 Million | $103.60 Million | ▲ +14.3% |
| 1996 | 0.11x | $10.30 Million | $96.80 Million | ▲ +13.0% |
| 1995 | 0.09x | $8.90 Million | $94.50 Million | ▼ -9.4% |
| 1994 | 0.10x | $8.80 Million | $84.70 Million | — |