MSDL - NYSE
Morgan Stanley Direct Lending Fund
$15.15
-2.8%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.
At a Glance
Live SnapshotMorgan Stanley Direct Lending Fund Cash Conversion Engine
Cash Flow Quality Analysis
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
Morgan Stanley Direct Lending Fund Cash Flow Statement
MSDL • NYSE
| Morgan Stanley Direct Lending Fund Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
0.0 | 215.6M | 231M | 48.5M | 83.3M | 18.3M | |
30.9M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
120.4M | -15.7M | -44.5M | 70.6M | -18.7M | -9.9M | |
3.3M | 1.6M | -695K | 2.4M | 3.1M | 4.1M | |
154.6M | 201.5M | 185.8M | 121.6M | 67.7M | 12.4M | |
INVESTING ACTIVITIES | ||||||
-771.6M | -1.2B | -632.1M | -945.2M | -2.1B | -714.7M | |
771.9M | 657.2M | 362.5M | 393.8M | 384.5M | 88.9M | |
(301K) | -575M | -269.6M | -551.4M | -1.7B | -625.8M | |
FINANCING ACTIVITIES | ||||||
-42.1M | 77.8M | 222.8M | 254.6M | 854.6M | 297.3M | |
97.8M | 467.4M | -30M | 281.3M | 916M | 333.9M | |
-184M | -169.1M | -110.5M | -85.7M | -38.2M | -3.7M | |
-42M | -18.1M | (0.0) | (0.0) | (0.0) | (0.0) | |
-4.5M | 0.0 | -9.9M | -13.3M | -8.2M | -2.9M | |
-132.9M | 376.2M | 72.3M | 436.9M | 1.7B | 624.6M | |
CASH FLOW SUMMARY | ||||||
-4M | 12K | 0.0 | 0.0 | 0.0 | 0.0 | |
18M | 2.7M | -11.5M | 7.1M | 62.9M | 11.2M | |
63.4M | 69.7M | 81.2M | 74.2M | 11.3M | 35K | |
81.4M | 72.4M | 69.7M | 81.2M | 74.2M | 11.3M | |
150.9M | 201.5M | 185.8M | 121.6M | 67.7M | 12.4M |
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 | |
8-K 8-K 2026 N/A | May 29, 2026 | May 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 23, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 17, 2026 | June 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 06, 2026 | April 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 26, 2026 | January 26, 2026 | 2026 |
Related Guides
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Research Paths
Snapshot
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Statements
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