Company / Interest Expense
Middlesex Water Company Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$13.1M
FY2023
5-year range
$8.1M / $13.1M
FY2019-FY2023
Trend
+40.3%
vs FY2022
Sector context
#30 of 31
Utilities
What the data says
Among 31 Utilities companies, Middlesex Water Company is in the top 3% for interest expense. Interest Expense has increased for 7 consecutive years, from $5M in FY2016 to $13M in FY2023.
Based on SEC 10-K filings.
$13M in FY2023 with a 5-year CAGR of +14.2%.
Increased from $8M to $13M over the past 2 years.
Utilities sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +20.6%
- 5-Year CAGR
- +14.2%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in UtilitiesTop 3% of 31This company $13.1M Sector average $686.7M
▼
-98.1% below sector average
Key checks
Key Insights
- Middlesex Water Company's interest expense has grown for 7 consecutive years.
- 5-year CAGR of +14.2%, indicating consistent growth.
- In FY2023, interest expense increased 40.3% year-over-year.
- Ranks #30 out of 31 companies in the Utilities sector.
Company context
Key Data Points
- Altman Z-Score 0.61 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $13.1M | +40.3% |
| FY2022 | $9.4M | +15.4% |
| FY2021 | $8.1M | +8.3% |
| FY2020 | $7.5M | +3.2% |
| FY2019 | $7.3M | +7.5% |
| FY2018 | $6.8M | +22.7% |
| FY2017 | $5.5M | +4.0% |
| FY2016 | $5.3M | -4.7% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026