MSEX: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MSEX has $1,386,038K in assets. $2,040K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
39.14%
Quick Ratio
39.14%
Cash Ratio
1.70%
Unit: Thousand (K) dollars
Assets Breakdown
Utility plant - net
Total other assets
Total current assets
Liabilities Breakdown
Total capitalization
Total other liabilities
Contributions in aid of construc...
Total current liabilities

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Water production	333,738	328,496	325,756	323,691
Transmission and distribution	954,107	938,118	918,455	890,445
General	107,783	111,325	108,142	106,949
Construction work in progress	49,593	44,400	37,444	43,615
Total	1,445,221	1,422,339	1,389,797	1,364,700
Less accumulated depreciation	276,456	275,132	270,445	264,521
Utility plant - net	1,168,765	1,147,207	1,119,352	1,100,179
Cash and cash equivalents	2,040	2,800	3,384	2,560
Accounts receivable, net of allowance for uncollectible accounts of 1,873 and 1,625, respectively	18,690	19,213	22,738	20,888
Unbilled revenues	10,347	9,361	10,987	13,101
Materials and supplies (at average cost)	8,095	7,549	7,309	6,923
Prepayments	5,986	2,843	5,184	6,038
Regulatory assets	1,669	-	-	-
Total current assets	46,827	41,766	49,602	49,510
Operating lease right of use asset	1,830	1,972	2,117	2,268
Restricted cash	1,675	1,675	1,675	1,675
Regulatory assets	103,001	110,284	109,951	105,448
Non-utility assets - net	12,454	12,354	12,195	12,061
Employee benefit plans	45,041	44,328	40,468	39,274
Other	6,445	6,151	6,599	5,475
Total other assets	170,446	176,764	173,005	166,201
Total assets	1,386,038	1,365,737	1,341,959	1,315,890

Common stock, no par value, authorized 40,000, issued 18,577 and 18,521 in 2026 and 2025, respectively	282,243	279,148	269,636	252,688
Retained earnings	218,803	214,883	212,910	205,095
Total common equity	501,046	494,031	482,546	457,783
Preferred stock, no par value authorized 120 issued 13 aoutstanding	1,343	1,343	1,352	1,352
Long-term debt	371,676	378,874	350,151	351,084
Total capitalization	874,065	874,248	834,049	810,219
Current portion of long-term debt	7,666	7,850	7,645	7,633
Notes payable	47,000	28,250	55,000	55,200
Accounts payable	29,496	31,326	28,143	30,779
Accrued taxes	22,116	15,992	15,540	15,371
Accrued interest	3,291	3,311	2,554	3,070
Regulatory liabilities	3,142	-	-	-
Unearned revenues and advanced service fees	467	497	1,497	1,841
Other	6,477	6,569	7,902	7,588
Total current liabilities	119,655	93,795	118,281	121,482
Advances for construction	25,963	25,519	24,116	-
Lease obligations	1,653	1,838	1,959	2,116
Accumulated deferred income taxes	111,152	110,475	110,627	107,321
Regulatory liabilities	61,365	68,437	63,063	63,836
Other liabilities advances for construction	-	-	-	23,447
Other	195	229	261	286
Total other liabilities	200,328	206,498	200,026	197,006
Contributions in aid of construction	191,990	191,196	189,603	187,183
Total capitalization and liabilities	1,386,038	1,365,737	1,341,959	1,315,890

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Balance Sheets Overview

Current Ratio
39.14%
Quick Ratio
39.14%
Cash Ratio
1.70%
Unit: Thousand (K) dollars
Assets Breakdown
Utility plant - net
Total other assets
Total current assets
Liabilities Breakdown
Total capitalization
Total other liabilities
Contributions in aid of construc...
Total current liabilities

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio
39.14%
Quick Ratio
39.14%
Cash Ratio
1.70%
Unit: Thousand (K) dollars
Assets Breakdown
Utility plant - net
Total other assets
Total current assets
Liabilities Breakdown
Total capitalization
Total other liabilities
Contributions in aid of construc...
Total current liabilities

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio39.14%Quick Ratio39.14%Cash Ratio1.70%Unit: Thousand (K) dollarsAssets BreakdownUtility plant - netTotal other assetsTotal current assetsLiabilities BreakdownTotal capitalizationTotal other liabilitiesContributions in aid of construc...Total current liabilities

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio39.14%Quick Ratio39.14%Cash Ratio1.70%Unit: Thousand (K) dollarsAssets BreakdownUtility plant - netTotal other assetsTotal current assetsLiabilities BreakdownTotal capitalizationTotal other liabilitiesContributions in aid of construc...Total current liabilities

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Current Ratio
39.14%
Quick Ratio
39.14%
Cash Ratio
1.70%
Unit: Thousand (K) dollars
Assets Breakdown
Utility plant - net
Total other assets
Total current assets
Liabilities Breakdown
Total capitalization
Total other liabilities
Contributions in aid of construc...
Total current liabilities

Current Ratio
39.14%
Quick Ratio
39.14%
Cash Ratio
1.70%
Unit: Thousand (K) dollars
Assets Breakdown
Utility plant - net
Total other assets
Total current assets
Liabilities Breakdown
Total capitalization
Total other liabilities
Contributions in aid of construc...
Total current liabilities