Middlesex Water Company (MSEX) — 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). Check Middlesex Water Company (MSEX) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Middlesex Water Company Financial Flexibility Index (1994–2024)
Historical Financial Flexibility Index trend for Middlesex Water Company across 31 annual periods. For the full cash flow conversion analysis, see Middlesex Water Company (MSEX) cash conversion ratio.
Annual Financial Flexibility Index for Middlesex Water Company (1994–2024)
Year-by-year free cash flow to debt coverage for Middlesex Water Company. Explore how well can Middlesex Water Company service its debt to assess how comfortably operating cash covers total debt obligations.
| 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 | — |