Middlesex Water (MSEX) Interest Coverage Ratio (2010 - 2026)
Middlesex Water (MSEX) posted Interest Coverage Ratio of 4.54 for Q2 2026, up 11.35% sequentially from 4.08 in Q1 2026, and up 27.25% YoY from 3.57 in Q2 2025.
Powered by 
Analysis
Middlesex Water (MSEX) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Middlesex Water has reported Interest Coverage Ratio for 17 years, with the latest figure at 4.54 in Q2 2026.
- Quarterly Interest Coverage Ratio rose 27.25% year-over-year to 4.54 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 4.11 (down 70.04% YoY) and the FY2025 annual result came in at 3.8, up 3.55% from the prior year.
- Interest Coverage Ratio climbed to 4.54 in Q2 2026 per MSEX's latest filing, from 4.08 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 5.13 in Q3 2024 and troughed at 0.16 in Q2 2022.
- A 5-year average of 3.02 and a median of 3.19 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio slumped 96.66% in 2022, then surged 2237.22% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 3.17 in 2022, then retreated by 26.73% to 2.32 in 2023, then soared by 37.5% to 3.19 in 2024, then gained by 8.96% to 3.47 in 2025, then soared by 30.64% to 4.54 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 4.54, 4.08, and 3.47 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.59 Bn | 27.40 Bn | 874.00 Mn | 3.25 |
| 2 | Essential Utilities | 11.92 Bn | 11.91 Bn | 377.22 Mn | 2.17 |
| 3 | American States Water | 3.51 Bn | 3.49 Bn | 169.26 Mn | 5.25 |
| 4 | California Water Service | 3.05 Bn | 2.96 Bn | 263.45 Mn | 3.41 |
| 5 | H2O America | 2.69 Bn | 2.59 Bn | 197.11 Mn | 2.38 |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 4.54 |
| 7 | York Water | 543.85 Mn | 543.30 Mn | 17.56 Mn | 4.30 |
| 8 | Consolidated Water | 463.93 Mn | 331.30 Mn | 10.96 Mn | 7,817.72 |
| 9 | Artesian Resources | 373.97 Mn | 364.17 Mn | 29.37 Mn | 3.68 |
| 10 | Cadiz | 341.22 Mn | 335.90 Mn | -24,000.00 | -3.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.54 |
| Mar 31, 2026 | 4.08 |
| Dec 31, 2025 | 2.98 |
| Sep 30, 2025 | 4.22 |
| Jun 30, 2025 | 3.84 |
| Mar 31, 2025 | 4.26 |
| Dec 31, 2024 | 3.19 |
| Sep 30, 2024 | 5.13 |
| Jun 30, 2024 | 3.79 |
| Mar 31, 2024 | 3.02 |
| Dec 31, 2023 | 2.18 |
| Sep 30, 2023 | 3.64 |
| Jun 30, 2023 | 3.28 |
| Mar 31, 2023 | 2.89 |
| Dec 31, 2022 | 2.92 |
| Sep 30, 2022 | 7.04 |
| Jun 30, 2022 | 4.26 |
| Mar 31, 2022 | 6.77 |
| Dec 31, 2021 | 2.88 |
| Sep 30, 2021 | 5.44 |