MSDL - NYSE

Morgan Stanley Direct Lending Fund

MSDL·NYSE

$15.15

-2.8%

Financial ServicesFinancial - Conglomerates

Morgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. It invests in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The company was founded on May 30, 2019 and is headquartered in New York, NY.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.28B

EPS1.4000

P/E Ratio10.82

Earnings Date08/06/2026

3.92B

Assets

3Y+31.0%

5Y+497.0%

10Y+267604.0%

2.17B

Total Liabilities

3Y+37.0%

5Y+512.0%

10Y+83914.0%

1.75B

Total Equity

-5%

3Y+25.0%

5Y+480.0%

10Y-151326.0%

Morgan Stanley Direct Lending Fund Funding & Solvency Profile

MSDL · NYSE

Current Assets

Cash & Cash Equivalents81.43M

Net Receivables26.42M

Inventory0.00

Other Current Assets0.00

Total Current Assets108 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets0.00

Long-Term Investments3.77B

Other Non-Current Assets40.70M

Total Non-Current Assets4 B

Total Assets

3.92B

Financial Health Analysis

Debt-to-Equity Ratio

1.24x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

108 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Morgan Stanley Direct Lending Fund Balance Sheet

MSDL • NYSE

Morgan Stanley Direct Lending Fund Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	81.4M	70.4M	69.7M	81.2M	74.2M	11.3M	35K
Cash & Short-Term Investments	81.4M	70.4M	69.7M	81.2M	74.2M	11.3M	35K
Net Receivables	26.4M	31M	29.1M	23.7M	19.9M	2.4M	0.0
Accounts Receivables	26.4M	31M	29.1M	23.7M	19.9M	2.4M	0.0
Other Current Assets	0.0	0.0	0.0	0.0	0.0	0.0	1.5M
Total Current Assets	107.9M	101.4M	98.8M	104.9M	94M	13.6M	1.5M
NON-CURRENT ASSETS
Long-Term Investments	3.8B	0.0	0.0	0.0	0.0	0.0	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	1.5M
Other Non-Current Assets	40.7M	3.8B	3.2B	2.9B	2.4B	643.2M	0.0
Total Non-Current Assets	3.8B	3.8B	3.2B	2.9B	2.4B	643.2M	1.5M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	-1.5M
Total Assets	3.9B	3.9B	3.3B	3B	2.5B	656.8M	1.5M
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	74.6M	68.8M	50.1M	33M	10.3M	0.0
Accounts Payable	0.0	74.6M	68.8M	50.1M	33M	10.3M	0.0
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	2.6M
Total Current Liabilities	0.0	74.6M	68.8M	50.1M	33M	10.3M	2.6M
NON-CURRENT LIABILITIES
Long Term Debt	2.1B	2B	1.5B	1.5B	1.2B	333.9M	0.0
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	2.6M
Other Non-Current Liabilities	85.3M	21.8M	20.8M	15.3M	21.9M	11M	-35K
Total Non-Current Liabilities	2.2B	2B	1.5B	1.5B	1.3B	344.9M	2.6M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	-2.6M
Total Liabilities	2.2B	2.1B	1.6B	1.6B	1.3B	355.2M	2.6M
SHAREHOLDERS' EQUITY
Common Stock	86K	89K	83K	71K	57K	15K	0.0
Additional Paid-In Capital	1.8B	1.8B	1.7B	1.5B	1.2B	296.9M	0.0
Retained Earnings	-19.6M	29.6M	8.5M	-54.8M	15.8M	4.7M	-1.2M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	0.0	-1.1M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	1.2M
Total Stockholders' Equity	1.7B	1.8B	1.7B	1.4B	1.2B	301.6M	-1.1M
Total Equity	1.7B	1.8B	1.7B	1.4B	1.2B	301.6M	-1.2M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	-35K
SUMMARY
Total Liabilities & Equity	3.9B	3.9B	3.3B	3B	2.5B	656.8M	1.5M
Total Investments	3.8B	0.0	0.0	0.0	0.0	0.0	0.0
Total Debt	2.1B	2B	1.5B	1.5B	1.2B	333.9M	0.0
Net Debt	2B	1.9B	1.4B	1.4B	1.2B	322.6M	-35K
Shares Outstanding	86,835,012	86,835,012	86,835,012	86,835,012	86,835,012	86,835,012	86,835,012

SEC Filings

MSDL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 02, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 29, 2026	May 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 27, 2026	April 23, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 17, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 06, 2026	April 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 26, 2026	January 26, 2026	2026	View Filing

Showing 1 to 10 of 126 filings

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