Middlesex Water Co (Middlesex Water Co) Debt-to-Equity : 0.99 (As of Mar. 2024)

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What is Middlesex Water Co Debt-to-Equity?

Middlesex Water Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $65.83 Mil. Middlesex Water Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $359.86 Mil. Middlesex Water Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $429.78 Mil. Middlesex Water Co's debt to equity for the quarter that ended in Mar. 2024 was 0.99.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Middlesex Water Co's Debt-to-Equity or its related term are showing as below:

MSEXP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.83 Max: 1.08
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Middlesex Water Co was 1.08. The lowest was 0.66. And the median was 0.83.

MSEXP.PFD's Debt-to-Equity is ranked worse than
54.34% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs MSEXP.PFD: 0.99

Middlesex Water Co Debt-to-Equity Historical Data

The historical data trend for Middlesex Water Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Middlesex Water Co Debt-to-Equity Chart

Middlesex Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.81

0.83

0.89

0.91

0.97

Middlesex Water Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.94	0.96	0.97	0.97	0.99

Competitive Comparison of Middlesex Water Co's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Middlesex Water Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Middlesex Water Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Middlesex Water Co's Debt-to-Equity falls into.

Middlesex Water Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Middlesex Water Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(50.49	+	361.216)	/	425.075
	=	0.97

Middlesex Water Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(65.831	+	359.864)	/	429.776
	=	0.99

Middlesex Water Co (OTCPK:MSEXP.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Middlesex Water Co Debt-to-Equity Related Terms

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Middlesex Water Co (Middlesex Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Middlesex Water Co (OTCPK:MSEXP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MSEX:USA

Address

485C Route 1 South, Suite 400, Iselin, NJ, USA, 08830

Website

https://www.middlesexwater.com

Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.