Middlesex Other Current Assets vs Non Current Assets Total Analysis

MSEX Stock  USD 67.88  1.38  2.08%   
Middlesex Water financial indicator trend analysis is infinitely more than just investigating Middlesex Water recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Middlesex Water is a good investment. Please check the relationship between Middlesex Water Other Current Assets and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Middlesex Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Middlesex Stock please use our How to Invest in Middlesex Water guide.

Other Current Assets vs Non Current Assets Total

Other Current Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Middlesex Water Other Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Middlesex Water's Other Current Assets and Non Current Assets Total is 0.5. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Middlesex Water, assuming nothing else is changed. The correlation between historical values of Middlesex Water's Other Current Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Middlesex Water are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Current Assets i.e., Middlesex Water's Other Current Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Middlesex Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Middlesex Water current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Middlesex Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Middlesex Stock please use our How to Invest in Middlesex Water guide.At this time, Middlesex Water's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 11 M in 2024, whereas Selling General Administrative is likely to drop slightly above 85.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit69.5M83.3M83.2M62.3M
Total Revenue143.1M162.4M166.3M85.8M

Middlesex Water fundamental ratios Correlations

0.530.420.310.440.530.530.420.380.41-0.070.560.21-0.070.060.60.530.410.410.560.520.440.090.71-0.890.36
0.530.980.170.841.01.00.980.970.92-0.291.00.72-0.290.740.980.990.940.450.981.00.980.780.96-0.430.58
0.420.980.120.840.980.981.00.970.89-0.310.980.72-0.310.780.960.970.90.390.950.980.990.810.92-0.320.61
0.310.170.120.580.160.170.120.130.1-0.060.170.02-0.060.10.180.110.29-0.020.160.180.150.120.18-0.40.73
0.440.840.840.580.820.840.840.820.75-0.180.830.61-0.180.660.80.790.830.330.790.840.830.690.77-0.40.92
0.531.00.980.160.821.00.980.970.93-0.261.00.68-0.260.70.980.990.930.480.990.990.980.740.97-0.420.56
0.531.00.980.170.841.00.980.980.92-0.251.00.67-0.250.730.980.990.940.470.980.990.990.770.96-0.420.58
0.420.981.00.120.840.980.980.970.89-0.310.970.72-0.310.780.960.970.90.390.950.980.990.810.92-0.320.61
0.380.970.970.130.820.970.980.970.94-0.220.970.64-0.220.720.920.950.950.490.960.960.980.760.89-0.220.55
0.410.920.890.10.750.930.920.890.94-0.130.930.7-0.130.60.870.910.950.590.950.920.880.650.86-0.240.44
-0.07-0.29-0.31-0.06-0.18-0.26-0.25-0.31-0.22-0.13-0.28-0.581.0-0.39-0.32-0.32-0.20.21-0.24-0.31-0.26-0.36-0.280.1-0.16
0.561.00.980.170.831.01.00.970.970.93-0.280.71-0.280.70.980.990.930.50.990.990.970.740.97-0.450.57
0.210.720.720.020.610.680.670.720.640.7-0.580.71-0.580.690.710.740.650.190.680.740.630.70.65-0.220.42
-0.07-0.29-0.31-0.06-0.18-0.26-0.25-0.31-0.22-0.131.0-0.28-0.58-0.39-0.32-0.32-0.20.21-0.24-0.31-0.26-0.36-0.280.1-0.16
0.060.740.780.10.660.70.730.780.720.6-0.390.70.69-0.390.720.750.68-0.130.650.760.761.00.6-0.120.49
0.60.980.960.180.80.980.980.960.920.87-0.320.980.71-0.320.720.980.880.390.970.980.950.750.98-0.540.56
0.530.990.970.110.790.990.990.970.950.91-0.320.990.74-0.320.750.980.920.440.981.00.960.780.96-0.440.52
0.410.940.90.290.830.930.940.90.950.95-0.20.930.65-0.20.680.880.920.490.940.930.910.730.86-0.280.56
0.410.450.39-0.020.330.480.470.390.490.590.210.50.190.21-0.130.390.440.490.530.440.41-0.080.47-0.20.14
0.560.980.950.160.790.990.980.950.960.95-0.240.990.68-0.240.650.970.980.940.530.980.950.690.97-0.420.51
0.521.00.980.180.840.990.990.980.960.92-0.310.990.74-0.310.760.981.00.930.440.980.970.80.95-0.440.59
0.440.980.990.150.830.980.990.990.980.88-0.260.970.63-0.260.760.950.960.910.410.950.970.80.91-0.320.6
0.090.780.810.120.690.740.770.810.760.65-0.360.740.7-0.361.00.750.780.73-0.080.690.80.80.63-0.140.51
0.710.960.920.180.770.970.960.920.890.86-0.280.970.65-0.280.60.980.960.860.470.970.950.910.63-0.60.53
-0.89-0.43-0.32-0.4-0.4-0.42-0.42-0.32-0.22-0.240.1-0.45-0.220.1-0.12-0.54-0.44-0.28-0.2-0.42-0.44-0.32-0.14-0.6-0.38
0.360.580.610.730.920.560.580.610.550.44-0.160.570.42-0.160.490.560.520.560.140.510.590.60.510.53-0.38
Click cells to compare fundamentals

Middlesex Water Account Relationship Matchups

Middlesex Water fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding16.8M17.6M17.6M17.7M17.8M13.0M
Total Assets909.9M976.5M1.0B1.1B1.2B1.3B
Short Long Term Debt Total263.7M287.5M330.6M366.9M412.3M432.9M
Other Current Liab13.3M5.8M5.8M18.7M12.6M13.2M
Total Current Liabilities65.0M56.8M56.6M117.9M103.8M109.0M
Total Stockholder Equity325.9M348.3M369.8M402.4M425.1M446.3M
Property Plant And Equipment Net711.7M801.8M869.9M924.4M1.0B1.1B
Net Debt261.5M283.1M327.1M363.1M409.9M430.4M
Retained Earnings108.7M128.8M145.8M167.3M176.2M185.0M
Accounts Payable23.3M30.4M21.1M24.8M27.6M29.0M
Cash2.2M4.5M3.5M3.8M2.4M3.0M
Non Current Assets Total880.7M942.3M985.7M1.0B1.1B1.2B
Non Currrent Assets Other114.7M79.2M46.3M35.0M114.5M120.2M
Cash And Short Term Investments2.2M4.5M3.5M3.8M2.4M3.0M
Net Receivables19.1M21.6M22.6M24.7M97.3M102.2M
Common Stock Total Equity215.1M217.5M221.9M233.1M268.0M281.4M
Liabilities And Stockholders Equity909.9M976.5M1.0B1.1B1.2B1.3B
Non Current Liabilities Total519.0M571.3M593.6M554.2M707.1M742.5M
Inventory5.4M5.1M5.4M6.2M7.0M7.3M
Other Current Assets2.4M2.9M2.9M2.6M1.8M2.1M
Other Stockholder Equity215.1M217.5M221.9M233.1M246.8M259.1M
Total Liab584.0M628.2M650.2M672.0M811.0M851.5M
Property Plant And Equipment Gross711.7M801.8M1.1B1.1B1.2B1.3B
Total Current Assets29.1M34.1M34.4M37.3M108.5M114.0M
Accumulated Other Comprehensive Income(215.1M)(217.5M)(221.9M)(233.1M)(209.7M)(199.3M)
Common Stock215.1M217.5M221.9M233.1M246.8M234.4M
Current Deferred Revenue1.2M1.3M1.3M1.4M1.4M1.3M
Short Term Debt27.2M9.3M19.7M73.0M51.7M54.3M
Other Liab282.5M293.0M282.7M260.2M299.2M156.8M
Other Assets158.7M942.3M104.4M26K29.9K28.4K
Long Term Debt230.8M273.2M306.5M290.3M358.2M376.1M
Property Plant Equipment722.0M813.0M881.3M935.6M1.1B1.1B
Net Tangible Assets323.8M346.2M367.7M400.3M460.4M336.1M
Retained Earnings Total Equity108.7M128.8M145.8M167.3M192.4M202.0M
Long Term Debt Total230.8M273.2M306.5M290.3M333.8M171.0M
Deferred Long Term Liab112.5M123.3M104.3M92.9M106.8M84.1M
Non Current Liabilities Other288.2M298.1M287.1M263.9M122.9M190.5M
Short Long Term Debt27.2M9.3M19.7M73.0M50.5M33.0M
Net Invested Capital581.7M628.7M694.0M763.6M831.6M685.2M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Middlesex Stock Analysis

When running Middlesex Water's price analysis, check to measure Middlesex Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Middlesex Water is operating at the current time. Most of Middlesex Water's value examination focuses on studying past and present price action to predict the probability of Middlesex Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Middlesex Water's price. Additionally, you may evaluate how the addition of Middlesex Water to your portfolios can decrease your overall portfolio volatility.