Middlesex Water Company (MSEX)
Debt-to-equity 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 352,822 | 352,282 | 355,975 | 356,960 | 358,153 | 354,276 | 350,446 | 329,636 | 290,280 | 301,238 | 305,411 | 306,518 | 290,280 | 266,483 | 272,504 | 272,664 | 273,244 | 234,489 | 237,939 | 234,789 |
Total stockholders’ equity | US$ in thousands | 445,263 | 441,935 | 432,878 | 427,692 | 422,991 | 419,583 | 411,477 | 403,355 | 400,328 | 398,075 | 385,567 | 377,882 | 367,726 | 364,424 | 357,182 | 350,932 | 348,292 | 344,190 | 335,457 | 329,484 |
Debt-to-equity ratio | 0.79 | 0.80 | 0.82 | 0.83 | 0.85 | 0.84 | 0.85 | 0.82 | 0.73 | 0.76 | 0.79 | 0.81 | 0.79 | 0.73 | 0.76 | 0.78 | 0.78 | 0.68 | 0.71 | 0.71 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $352,822K ÷ $445,263K
= 0.79
Middlesex Water Company's debt-to-equity ratio has shown some fluctuations in the past five years, ranging from 0.68 to 0.85. The ratio stood at 0.79 as of December 31, 2024, indicating that for every dollar of equity, the company had $0.79 of debt. Overall, the trend suggests that the company's reliance on debt has been relatively stable with a slight increase in recent periods. It is important to monitor this ratio to assess Middlesex Water Company's leverage and financial risk over time.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Middlesex Water Company
MSEX
0.79
American States Water Company
AWR
0.70
American Water Works
AWK
0.00
California Water Service Group
CWT
0.74
Essential Utilities Inc
WTRG
1.16
SJW Corporation
SJW
1.24