Middlesex Water Company (MSEX) — Free Cash Flow Generation Index
Middlesex Water Company (MSEX) has a Free Cash Flow Generation Index of -0.57x as of September 2025. Free cash flow of $-6.86 Million represents -1% of operating cash flow ($12.05 Million). Read Middlesex Water Company (MSEX) total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Middlesex Water Company Free Cash Flow Generation Index (1994–2024)
Historical FCF Generation Index trend for Middlesex Water Company across 31 annual periods. Explore Middlesex Water Company capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Middlesex Water Company (1994–2024)
Year-by-year Free Cash Flow Generation Index for Middlesex Water Company. For the full company profile including market capitalisation, see MSEX stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | -0.27x | $-15.89 Million | $58.73 Million | $74.62 Million | ▲ +61.8% |
| 2023 | -0.71x | $-37.40 Million | $52.78 Million | $90.18 Million | ▼ -45.0% |
| 2022 | -0.49x | $-29.97 Million | $61.36 Million | $91.33 Million | ▲ +65.2% |
| 2021 | -1.40x | $-46.35 Million | $33.03 Million | $79.38 Million | ▼ -43.3% |
| 2020 | -0.98x | $-52.26 Million | $53.35 Million | $105.62 Million | ▲ +33.5% |
| 2019 | -1.47x | $-53.07 Million | $36.05 Million | $89.12 Million | ▼ -157.4% |
| 2018 | -0.57x | $-26.23 Million | $45.86 Million | $72.09 Million | ▼ -228.5% |
| 2017 | -0.17x | $-7.46 Million | $42.84 Million | $50.30 Million | ▼ -2595.4% |
| 2016 | -0.01x | $-304.00K | $47.07 Million | $47.38 Million | ▼ -101.3% |
| 2015 | 0.50x | $25.44 Million | $51.21 Million | $25.77 Million | ▲ +62.2% |
| 2014 | 0.31x | $9.97 Million | $32.57 Million | $22.60 Million | ▼ -24.6% |
| 2013 | 0.41x | $13.72 Million | $33.80 Million | $20.08 Million | ▲ +50.2% |
| 2012 | 0.27x | $7.99 Million | $29.57 Million | $21.58 Million | ▲ +950.3% |
| 2011 | -0.03x | $-726.00K | $22.84 Million | $23.56 Million | ▲ +79.9% |
| 2010 | -0.16x | $-4.04 Million | $25.57 Million | $29.60 Million | ▼ -80.3% |
| 2009 | -0.09x | $-1.62 Million | $18.51 Million | $20.13 Million | ▲ +82.0% |
| 2008 | -0.49x | $-9.31 Million | $19.12 Million | $28.43 Million | ▼ -194.6% |
| 2007 | -0.17x | $-3.11 Million | $18.82 Million | $21.93 Million | ▲ +81.8% |
| 2006 | -0.91x | $-14.45 Million | $15.91 Million | $30.36 Million | ▼ -4.0% |
| 2005 | -0.87x | $-11.79 Million | $13.50 Million | $25.29 Million | ▲ +5.0% |
| 2004 | -0.92x | $-14.30 Million | $15.56 Million | $29.86 Million | ▼ -145.9% |
| 2003 | -0.37x | $-5.33 Million | $14.25 Million | $19.57 Million | ▲ +23.1% |
| 2002 | -0.49x | $-5.39 Million | $11.10 Million | $16.49 Million | ▼ -1349.0% |
| 2001 | -0.03x | $-413.55K | $12.33 Million | $12.75 Million | ▲ +90.8% |
| 2000 | -0.36x | $-3.64 Million | $10.00 Million | $13.64 Million | ▲ +72.6% |
| 1999 | -1.33x | $-13.30 Million | $10.00 Million | $23.30 Million | ▲ +13.0% |
| 1998 | -1.53x | $-15.90 Million | $10.40 Million | $26.30 Million | ▼ -902.6% |
| 1997 | 0.19x | $2.40 Million | $12.60 Million | $10.20 Million | ▼ -52.1% |
| 1996 | 0.40x | $4.10 Million | $10.30 Million | $6.20 Million | ▲ +3642.7% |
| 1995 | -0.01x | $-100.00K | $8.90 Million | $9.00 Million | ▼ -103.5% |
| 1994 | 0.32x | $2.80 Million | $8.80 Million | $6.00 Million | — |