Middlesex Water Balance Sheet - Annual (NASDAQ:MSEX)

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$45.63 $0.69 (1.54%) MSEX stock closing price Aug 13, 2018 (Closing)

The Middlesex Water balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Middlesex Water stock analysis. A company releases its balance sheet every year along with its annual results. Apart from analyzing Middlesex Water revenue Middlesex Water operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Middlesex Water balance sheet for 2017 shows cash on hand of $4.93M. The company has a debt to equity ratio of 0.75.

View latest 10 year balance sheet data to check Middlesex Water financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash4.93M3.87M3.46M2.67M4.83M3.02M3.1M2.45M4.27M3.28M
Marketable Securities----------
Receivables10.78M10.12M10.06M10.01M11.64M12.44M11.28M11.96M10.61M9.51M
Inventory4.11M4.09M2.6M2.25M1.98M1.4M2.02M2.19M1.61M1.47M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets9.4M8.61M8.28M7.92M7.38M7.73M6.46M6.15M5.53M6.3M
Total Current Assets
29.24M26.71M24.41M22.86M25.83M24.61M22.87M22.76M22.04M20.57M
Property Plant & Equipment703.51M653.5M608.21M583.39M556.84M535.57M514.55M483.47M453.57M430.07M
Accumulated Depreciation146.27M135.72M126.34M117.98M110.36M100.36M92.35M84.73M77.02M70.54M
Net Property Plant & Equipment
557.24M517.77M481.87M465.4M446.47M435.21M422.19M398.73M376.54M359.52M
Investment & Advances----------
Other Non-Current Assets-2.54M4.32M3.31M2.74M1.69M5.3M4.58M3.71M3.7M
Deferred Charges58.42M60.89M58.55M66.21M34.38M72.83M67.3M38.77M33.08M31.91M
Intangibles----------
Deposits & Other Assets15.79M12.22M15.56M17.97M20.89M27.37M19.86M24.32M22.7M24.27M
Total Assets
661.14M620.16M584.72M575.77M530.34M561.72M537.53M489.18M458.08M440M
Notes Payable28M12M3M19M28.45M27.95M24.25M17M42.85M25.87M
Accounts Payable13.92M12.34M6.52M6.35M6.32M3.8M5.7M6.4M4.34M5.68M
Current Portion Long-Term Debt6.86M6.15M5.73M5.91M5.38M11.13M4.56M4.43M3.71M17.98M
Current Portion Capital Leases----------
Accrued Expenses1.09M1.08M1.1M1.13M1.15M-1.62M1.59M1.86M2.05M
Income Taxes Payable11.41M12.38M9.12M8.94M8.13M9.26M7.84M8.75M5.68M7.78M
Other Current Liabilities3.23M3.08M2.82M2.52M3.23M2.82M2.68M2.55M2.21M2.08M
Total Current Liabilities
64.53M47.05M28.31M43.87M52.67M55.93M46.68M40.74M60.66M61.47M
Mortgages----------
Deferred Taxes/Income43.16M72.82M68.53M48.21M40.09M42.84M38.16M30.91M29.09M23.11M
Convertible Debt----------
Long-Term Debt139.04M134.53M136.24M136.03M129.79M131.46M132.16M133.84M124.91M118.21M
Non-Current Capital Leases----------
Other Long-Term Liabilities182.79M144.86M142.49M147.91M116.13M146.49M140.18M107.04M100.41M96.02M
Total Liabilities
429.53M399.28M375.59M376.04M338.71M376.74M357.2M312.54M315.08M298.82M
Minority Interest----------
Preferred Stock2.43M2.43M2.43M2.43M2.88M3.35M3.35M3.36M3.37M3.37M
Common Stock Net155.12M153.04M150.76M148.66M146.18M143.57M141.43M139.53M109.36M107.72M
Capital Surplus----------
Retained Earnings74.05M65.39M55.93M48.62M42.56M38.06M35.54M33.74M30.26M30.07M
Treasury Stock----------
Other Liabilities----------
Shareholders Equity231.6M220.87M209.13M199.72M191.63M184.98M180.33M176.64M143M141.17M
Total Liabilities & Shareholders Equity661.14M620.16M584.72M575.77M530.34M561.72M537.53M489.18M458.08M440M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Middlesex Water stock price by looking at Middlesex Water historical stock prices. One can compare PE with industry average by looking at the Middlesex Water PE ratio chart. The common balance sheet items are:

  • Assets: MSEX total assets, which was at $661.14M for 2017 is a balance sheet item representing value of what Middlesex Water owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. MSEX stock had total liabilities of $429.53M for the year 2017.

Middlesex Water Balance Sheet - Key Ratios

Current ratio
0.39
Debt to equity ratio
0.75
Asset turnover ratio
0.18
Receivables turnover
12.86
Price to book ratio
3.23