Middlesex Water Co balance sheet

At the end of fiscal 2025, Middlesex Water Co had total assets of $1.37bn and shareholders' equity of $494m. It held $2.8m in cash against $415m of debt: net debt of $412m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Middlesex Water Co: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	4	2	3	3	5	3	3	4	5	4	2	4	4	4	2	4	3	2
Receivables	—	12	11	12	12	10	10	10	11	12	12	15	15	16	18	19	19	24
Total current assets	—	23	23	25	26	23	24	27	29	31	29	34	34	37	109	43	42	55
Total assets	—	489	538	562	530	576	581	620	661	768	910	976	1,020	1,074	1,236	1,255	1,366	1,458
Accounts payable	—	6	6	4	6	6	7	12	14	19	23	30	21	25	28	28	31	34
Deferred revenue (current)	—	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	1
Total current liabilities	—	41	47	56	53	44	28	47	65	94	65	57	57	118	104	83	94	109
Short-term debt	—	4	5	11	5	6	6	6	7	7	7	7	7	17	365	8	8	7
Long-term debt	—	134	132	131	130	136	133	135	139	153	231	273	307	290	358	353	379	392
Total debt	0	155	161	171	164	161	143	154	176	211	258	282	326	448	505	501	415	400
Shareholders' equity	140	310	313	316	321	—	—	—	—	—	—	346	368	400	423	445	494	548
Net debt (negative = net cash)	−4	153	158	168	159	158	140	150	171	208	256	278	323	444	502	496	412	398
Shares outstanding	—	16m	16m	16m	16m	16m	16m	16m	16m	16m	17m	17m	18m	18m	18m	18m	19m	19m

US$ millions unless shown otherwise. Fiscal quarters.

Middlesex Water Co: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	19	20	21	23	19	19	21	24
Total current assets	43	46	50	50	42	47	52	55
Total assets	1,255	1,279	1,316	1,342	1,366	1,386	1,423	1,458
Accounts payable	28	32	31	28	31	29	31	34
Deferred revenue (current)	1	2	2	1	0	0	0	1
Total current liabilities	83	101	121	118	94	120	105	109
Short-term debt	8	358	358	8	8	8	8	7
Long-term debt	353	351	351	350	379	372	396	392
Total debt	361	709	709	358	387	379	403	400
Shareholders' equity	445	449	458	483	494	501	521	548
Shares outstanding	18m	—	—	—	19m	19m	19m	19m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Middlesex Water Co's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Middlesex Water Co.