Middlesex Water Co.
0.0 %
-8.06 %
Yet to be announced
Company Overview
Middlesex Water Company owns and operates regulated water utility and wastewater systems. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Revenue Sources
After analyzing the company's operations and revenue sources, Middlesex Water Company generates its revenue primarily from regulated water and wastewater utility services. These services are essential utilities and are halal in nature. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $55.1m | $41.01m | - | $3.41m | 0.00% | 8.32% |
| June 30, 2024 | $49.15m | $37.87m | - | $4.04m | 0.00% | 10.67% |
| March 31, 2024 | $40.52m | $33.93m | - | $3.27m | 0.00% | 9.64% |
| Dec. 31, 2023 | $38.6m | $34.14m | - | $3.78m | 0.00% | 11.07% |
Based on the financial data from the last four quarters, interest expense makes up a significant portion of total expenses. The company maintains substantial debt to finance its infrastructure and utility operations, which is typical for regulated utilities. The interest expense ratios consistently exceed the 5% threshold of total expenses, indicating that interest plays a material role in the company's operations.
Operational Ethics
Based on available information from SEC filings and company reports, Middlesex Water Company operates exclusively in New Jersey and Delaware, USA. There is no evidence of any ongoing associations with Israel, the Chinese Communist Party, or other entities involved in human rights violations.
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