Middlesex Water Company Financial Flexibility Index
Middlesex Water Company financial flexibility index. Middlesex Water Company (MSEX) has a Financial Flexibility Index of 0.04x as of September 2025. Free cash flow of $30.96 Million (operating CF $12.05 Million minus capex $18.91 Million) represents 0% of total liabilities ($859.41 Million). Explore MSEX capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Middlesex Water Company (1994–2024)
Financial flexibility index of Middlesex Water Company from 1994 to 2024. Historical Financial Flexibility Index trend for Middlesex Water Company across 31 annual periods. Check MSEX capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Middlesex Water Company Financial Flexibility Index by Year (1994–2024)
Middlesex Water Company financial flexibility index by year from 1994 to 2024. Year-by-year free cash flow to debt coverage for Middlesex Water Company. For the full cash flow conversion analysis, see Middlesex Water Company (MSEX) cash conversion ratio.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.16x | $133.35 Million | $58.73 Million | $808.28 Million | ▼ -6.4% |
| 2023 | 0.18x | $142.96 Million | $52.78 Million | $810.98 Million | ▼ -22.4% |
| 2022 | 0.23x | $152.70 Million | $61.36 Million | $672.04 Million | ▲ +31.4% |
| 2021 | 0.17x | $112.41 Million | $33.03 Million | $650.21 Million | ▼ -31.7% |
| 2020 | 0.25x | $158.97 Million | $53.35 Million | $628.18 Million | ▲ +18.1% |
| 2019 | 0.21x | $125.18 Million | $36.05 Million | $584.00 Million | ▼ -6.1% |
| 2018 | 0.23x | $117.96 Million | $45.86 Million | $516.61 Million | ▲ +5.3% |
| 2017 | 0.22x | $93.14 Million | $42.84 Million | $429.53 Million | ▼ -8.3% |
| 2016 | 0.24x | $94.45 Million | $47.07 Million | $399.29 Million | ▲ +15.4% |
| 2015 | 0.20x | $76.98 Million | $51.21 Million | $375.59 Million | ▲ +39.7% |
| 2014 | 0.15x | $55.17 Million | $32.57 Million | $376.05 Million | ▼ -7.8% |
| 2013 | 0.16x | $53.88 Million | $33.80 Million | $338.71 Million | ▲ +17.2% |
| 2012 | 0.14x | $51.15 Million | $29.57 Million | $376.74 Million | ▲ +4.5% |
| 2011 | 0.13x | $46.40 Million | $22.84 Million | $357.20 Million | ▼ -26.4% |
| 2010 | 0.18x | $55.17 Million | $25.57 Million | $312.54 Million | ▲ +44.0% |
| 2009 | 0.12x | $38.63 Million | $18.51 Million | $315.08 Million | ▼ -22.9% |
| 2008 | 0.16x | $47.55 Million | $19.12 Million | $298.82 Million | ▼ -0.2% |
| 2007 | 0.16x | $40.75 Million | $18.82 Million | $255.54 Million | ▼ -18.3% |
| 2006 | 0.20x | $46.27 Million | $15.91 Million | $236.96 Million | ▲ +11.2% |
| 2005 | 0.18x | $38.78 Million | $13.50 Million | $220.83 Million | ▼ -22.7% |
| 2004 | 0.23x | $45.42 Million | $15.56 Million | $199.94 Million | ▲ +20.5% |
| 2003 | 0.19x | $33.82 Million | $14.25 Million | $179.49 Million | ▲ +12.1% |
| 2002 | 0.17x | $27.59 Million | $11.10 Million | $164.04 Million | ▲ +7.3% |
| 2001 | 0.16x | $25.08 Million | $12.33 Million | $160.02 Million | ▼ -4.0% |
| 2000 | 0.16x | $23.63 Million | $10.00 Million | $144.70 Million | ▼ -31.1% |
| 1999 | 0.24x | $33.30 Million | $10.00 Million | $140.40 Million | ▼ -14.8% |
| 1998 | 0.28x | $36.70 Million | $10.40 Million | $131.80 Million | ▲ +26.5% |
| 1997 | 0.22x | $22.80 Million | $12.60 Million | $103.60 Million | ▲ +29.1% |
| 1996 | 0.17x | $16.50 Million | $10.30 Million | $96.80 Million | ▼ -10.0% |
| 1995 | 0.19x | $17.90 Million | $8.90 Million | $94.50 Million | ▲ +8.4% |
| 1994 | 0.17x | $14.80 Million | $8.80 Million | $84.70 Million | — |