Middlesex Water Company (MSEX)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	42,973	52,146	121,002	111,214	108,536	135,762	40,570	39,521	37,306	41,472	39,020	32,865	34,355	40,567	37,242	31,380	34,123	37,867	43,989	40,010
Total current liabilities	US$ in thousands	82,888	79,912	134,983	117,156	103,829	121,303	87,563	95,978	117,859	92,967	78,829	59,669	56,619	92,494	80,745	65,801	56,848	85,354	84,294	80,539
Current ratio		0.52	0.65	0.90	0.95	1.05	1.12	0.46	0.41	0.32	0.45	0.49	0.55	0.61	0.44	0.46	0.48	0.60	0.44	0.52	0.50

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $42,973K ÷ $82,888K
= 0.52

Middlesex Water Company's current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has exhibited fluctuations over the reported periods.

The trend in the current ratio shows a decrease from 0.50 as of March 31, 2020, to a low of 0.32 as of December 31, 2022. This decline may indicate potential liquidity challenges or an imbalance between current assets and liabilities during this period.

However, there has been some improvement in the current ratio since then, with an increase to 1.05 as of December 31, 2023, and further growth to 0.90 as of June 30, 2024. These higher ratios suggest a healthier liquidity position, with the company having more current assets available to cover its short-term obligations.

The ratio dipped slightly to 0.65 as of September 30, 2024, indicating a decrease in immediate liquidity compared to the previous period. It is important for investors and stakeholders to monitor this ratio to ensure the company can meet its short-term financial obligations efficiently.

Overall, while there have been fluctuations in Middlesex Water Company's current ratio over the reporting periods, the recent improvement in liquidity position is a positive sign for the company's short-term financial health.