Middlesex Water Co's Total Assets for the quarter that ended in Dec. 2023 was $1,236.1 Mil.
Warning Sign:
If a company builds assets at 8.8% a year, faster than its revenue growth rate of 2.8% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Middlesex Water Co's average Total Assets Growth Rate was 15.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 8.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.20% per year.
During the past 13 years, Middlesex Water Co's highest 3-Year average Total Assets Growth Rate was 14.00%. The lowest was 1.10%. And the median was 7.60%.
The historical data trend for Middlesex Water Co's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Middlesex Water Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Middlesex Water Co (NAS:MSEX) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Middlesex Water Co's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Middlesex Water Co Total Assets Related Terms
Thank you for viewing the detailed overview of Middlesex Water Co's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Middlesex Water Co (Middlesex Water Co) Business Description
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MSEX has been successfully added to your 