Middlesex Water Company (MSEX) — Tangible Net Worth Ratio
Middlesex Water Company (MSEX) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($482.55 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Middlesex Water Company annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Middlesex Water Company Tangible Net Worth Ratio (1994–2024)
This chart shows how Middlesex Water Company's Tangible Net Worth Ratio has changed across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of $482.55 Million with intangible assets of $0.00 USD. For live market cap and overall valuation, see market cap of Middlesex Water Company.
Annual Tangible Net Worth Ratio for Middlesex Water Company (1994–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Middlesex Water Company from 1994 to 2024, covering 31 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of Middlesex Water Company to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | $446.90 Million | $0.00 | $1.26 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | $425.07 Million | $0.00 | $1.24 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | $402.41 Million | $0.00 | $1.07 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | $369.81 Million | $0.00 | $1.02 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | $348.29 Million | $0.00 | $976.47 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $325.88 Million | $0.00 | $909.88 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $251.22 Million | $0.00 | $767.83 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $231.61 Million | $0.00 | $661.14 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $220.87 Million | $0.00 | $620.16 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $209.13 Million | $0.00 | $584.72 Million | ▲ +0.0 pp |
| 2014 | 100.0% | $199.73 Million | $0.00 | $575.77 Million | ▲ +0.0 pp |
| 2013 | 100.0% | $191.63 Million | $0.00 | $530.34 Million | ▲ +0.0 pp |
| 2012 | 100.0% | $184.99 Million | $0.00 | $561.73 Million | ▲ +0.0 pp |
| 2011 | 100.0% | $180.33 Million | $0.00 | $537.54 Million | ▲ +0.0 pp |
| 2010 | 100.0% | $176.64 Million | $0.00 | $489.19 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $143.00 Million | $0.00 | $458.09 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $141.18 Million | $0.00 | $440.00 Million | ▲ +0.0 pp |
| 2007 | 100.0% | $137.14 Million | $0.00 | $392.68 Million | ▲ +0.0 pp |
| 2006 | 100.0% | $133.30 Million | $0.00 | $370.27 Million | ▲ +0.0 pp |
| 2005 | 100.0% | $103.55 Million | $0.00 | $324.38 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $99.19 Million | $0.00 | $299.13 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $83.71 Million | $0.00 | $263.19 Million | ▲ +0.0 pp |
| 2002 | 100.0% | $80.56 Million | $0.00 | $244.60 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $76.35 Million | $0.00 | $236.37 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $74.70 Million | $0.00 | $219.40 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $74.60 Million | $0.00 | $215.00 Million | ▲ +0.0 pp |
| 1998 | 100.0% | $71.70 Million | $0.00 | $203.50 Million | ▲ +0.0 pp |
| 1997 | 100.0% | $56.20 Million | $0.00 | $159.80 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $51.90 Million | $0.00 | $148.70 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $50.30 Million | $0.00 | $144.80 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $47.70 Million | $0.00 | $132.40 Million | — |