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Middlesex Water Company MSEX Allowance for Doubtful Accounts Receivable (Current)

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——

Other financials

Income statement

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Revenue$48.7M+10.0%
Operating income$13.1M+13.4%
Net income$10.6M+11.9%
EPS (diluted)$0.57+7.5%

Balance sheet

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Cash & equivalents$3.7M+39.8%
Total debt$381.0M-46.5%
Total equity$501.0M+11.6%
Total assets$1.4B+8.4%

Cash flow

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Operating cash flow$11.7M-14.9%
CapEx$25.1M+47.0%
Free cash flow-$3.7M+13.0%

Valuation

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Market cap$1.09B+13.1%
Enterprise value$1.47B-12.2%
P/E24.8×+2.6×
P/S5.5×+0.6×

Profitability

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Operating margin28.1%0.0pp
Net margin22.1%0.0pp
FCF margin-8.3%-3.2pp

Returns & leverage

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Return on equity9.3%-0.6pp
Debt / equity0.8×-0.8×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Middlesex Water Company in its filing.

Tagged under the XBRL concept us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent.

The source filing: Middlesex Water Company’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028887
Line itemMarch 31,2026December 31,2025
Less Accumulated Depreciation276,456275,132
UTILITY PLANT - NET1,168,7651,147,207
Cash and Cash Equivalents2,0402,800
Accounts Receivable, net of allowance for credit losses of $1,873 and $1,625 in 2026 and 2025, respectively18,69019,213
Unbilled Revenues10,3479,361
Materials and Supplies (at average cost)8,0957,549
Prepayments5,9862,843
Regulatory Assets1,669—

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's allowance for doubtful accounts receivable (current)?
Middlesex Water Company (MSEX) reported allowance for doubtful accounts receivable (current) of $1.87M in Q1 2026.
How has Middlesex Water Company's allowance for doubtful accounts receivable (current) changed year-over-year?
Middlesex Water Company's allowance for doubtful accounts receivable (current) decreased by 13.4% year-over-year, from $2.16M to $1.87M.
What is the long-term trend for Middlesex Water Company's allowance for doubtful accounts receivable (current)?
Over 4 years (2021 to 2025), Middlesex Water Company's allowance for doubtful accounts receivable (current) has grown at a -10.9% compound annual growth rate (CAGR), from $2.57M to $1.63M.
What does allowance for doubtful accounts receivable (current) mean?
This is the valuation allowance for current receivables that are considered uncollectible due to disputes, bankruptcy, or other non-payment issues. It serves as a buffer against potential losses from customer defaults. It is a critical indicator of the health of the company's accounts receivable portfolio.

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