Is Morgan Stanley Direct Lending Fund (MSDL) a Buy, Sell, or Hold?
NYSE : MSDL
Morgan Stanley Direct Lending Fund — Financials
$15.43 USD
-$0.02 (-0.13%)
- Volume
- 708.42K
- Average Volume
- 562.88K
- Market Capitalization
- $1.31B
- P/E Ratio
- 22.45
- Dividend Yield
- 12.31%
- Price Target
- $16.25
- Year High
- $18.17
- Year Low
- $13.66
- Day High
- —
- Day Low
- —
- Payout Ratio
- $2.33
- Current Ratio
- $0.00
MSDL Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|
| revenue | 386.99M | 332.52M | 328.13M | 100.22M | 98.62M | 23.47M | - |
| costOfRevenue | 73.42M | 122.93M | 112.88M | 67.18M | 21.02M | 3.72M | - |
| grossProfit | 313.57M | 209.59M | 215.25M | 33.03M | 77.61M | 19.74M | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 8.3M | 7.56M | 5.63M | 4.15M | 4.57M | 2.68M | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 8.3M | 7.56M | 5.63M | 4.15M | 4.57M | 2.68M | - |
| otherExpenses | 47.18M | -15.97M | -22.91M | -19.99M | -10.3M | -1.23M | -4 |
| operatingExpenses | 55.48M | -8.41M | -17.29M | -15.84M | -5.73M | 1.45M | -4 |
| costAndExpenses | 128.9M | 114.52M | 95.6M | 51.34M | 15.29M | 5.17M | -4 |
| netInterestIncome | 235.68M | 284.2M | 246.92M | 157.56M | 88.28M | 16.55M | - |
| interestIncome | 371.81M | 407.13M | 359.81M | 224.74M | 109.3M | 20.28M | - |
| interestExpense | 136.13M | 122.93M | 112.88M | 67.18M | 21.02M | 3.72M | - |
| depreciationAndAmortization | - | - | - | - | - | - | 1.16M |
| ebitda | 258.23M | 218M | 232.53M | 48.88M | 83.34M | 18.3M | -1.16M |
| ebit | 258.23M | 218M | 232.53M | 48.88M | 83.34M | 18.3M | -1.16M |
| nonOperatingIncomeExcludingInterest | -136K | - | - | - | - | - | - |
| operatingIncome | 258.09M | 218M | 232.53M | 48.88M | 83.34M | 18.3M | -2.31M |
| totalOtherIncomeExpensesNet | -136M | - | - | - | - | - | 4 |
| incomeBeforeTax | 122.09M | 218M | 232.53M | 48.88M | 83.34M | 18.3M | -1.16M |
| incomeTaxExpense | - | 2.44M | 1.52M | 334K | 80000 | - | -1.16M |
| netIncomeFromContinuingOperations | 122.09M | 215.56M | 231.01M | 48.54M | 83.26M | 18.3M | - |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - |
| netIncome | 122.09M | 215.56M | 231.01M | 48.54M | 83.26M | 18.3M | -1.16M |
| netIncomeDeductions | - | - | - | - | - | - | - |
| bottomLineNetIncome | 122.09M | 215.56M | 231.01M | 48.54M | 83.26M | 18.3M | -1.16M |
| eps | 1.4 | 2.43 | 2.62 | 0.55 | 0.94 | 0.21 | -0.37 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 81.43M | 70.37M | 69.7M | 81.22M | 74.15M | 11.26M | 35000 |
| shortTermInvestments | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 81.43M | 70.37M | 69.7M | 81.22M | 74.15M | 11.26M | 35000 |
| netReceivables | 26.42M | 31.02M | 29.1M | 23.66M | 19.89M | 2.36M | - |
| accountsReceivables | 26.42M | 31.02M | 29.1M | 23.66M | 19.89M | 2.36M | - |
| otherReceivables | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - |
| otherCurrentAssets | - | - | - | - | - | - | -35000 |
| totalCurrentAssets | 107.86M | 101.4M | 98.8M | 104.87M | 94.04M | 13.62M | - |
| propertyPlantEquipmentNet | - | - | - | - | - | - | - |
| goodwill | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - |
| longTermInvestments | 3.77B | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 40.7M | 3.81B | 3.21B | 2.88B | 2.4B | 643.18M | - |
| totalNonCurrentAssets | 3.81B | 3.81B | 3.21B | 2.88B | 2.4B | 643.18M | - |
| otherAssets | - | - | - | - | - | - | 1.46M |
| totalAssets | 3.92B | 3.91B | 3.31B | 2.99B | 2.49B | 656.81M | 1.46M |
| totalPayables | 81.14M | 74.63M | 68.8M | 50.08M | 32.97M | 10.32M | - |
| accountPayables | 64.17M | 74.63M | 68.8M | 50.08M | 32.97M | 10.32M | - |
| otherPayables | 16.97M | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - |
| shortTermDebt | - | - | - | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | - | - | - | - | - | - |
| totalCurrentLiabilities | 81.14M | 74.63M | 68.8M | 50.08M | 32.97M | 10.32M | - |
| longTermDebt | 2.09B | 1.97B | 1.5B | 1.52B | 1.25B | 333.85M | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 4.2M | 21.76M | 20.75M | 15.26M | 21.86M | 11.02M | - |
| totalNonCurrentLiabilities | 2.09B | 2B | 1.52B | 1.54B | 1.27B | 344.87M | - |
| otherLiabilities | - | - | - | - | - | - | 2.59M |
| capitalLeaseObligations | - | - | - | - | - | - | - |
| totalLiabilities | 2.17B | 2.07B | 1.59B | 1.59B | 1.3B | 355.19M | 2.59M |
| treasuryStock | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - |
| commonStock | 86000 | 89000 | 83000 | 71000 | 57000 | 15000 | 2 |
| retainedEarnings | -19.62M | 29.62M | 8.46M | -54.78M | 15.78M | 4.7M | -1.16M |
| additionalPaidInCapital | 1.77B | 1.81B | 1.71B | 1.45B | 1.17B | 296.9M | 34998 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| netIncome | 122.09M | 215.56M | 231.01M | 48.54M | 83.26M | 18.3M |
| depreciationAndAmortization | - | - | - | - | - | - |
| deferredIncomeTax | - | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - |
| changeInWorkingCapital | 3.23M | 1.58M | -695K | 2.43M | 3.14M | 4.08M |
| accountsReceivables | 4.13M | -1.67M | -7.97M | -9.17M | -9.46M | -2.28M |
| inventory | - | - | - | - | - | - |
| accountsPayables | - | 2.22M | 3.88M | -64000 | 6.78M | 3.18M |
| otherWorkingCapital | -900K | 1.04M | 3.4M | 11.66M | 5.81M | 3.18M |
| otherNonCashItems | 25.57M | -15.68M | -44.54M | 70.62M | -18.7M | -9.95M |
| netCashProvidedByOperatingActivities | 150.9M | 201.47M | 185.78M | 121.59M | 67.69M | 12.43M |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - |
| purchasesOfInvestments | - | -1.23B | -632.1M | -945.21M | -2.11B | -714.66M |
| salesMaturitiesOfInvestments | - | 657.19M | 362.49M | 393.78M | 384.49M | 88.88M |
| otherInvestingActivities | - | - | - | - | - | - |
| netCashProvidedByInvestingActivities | - | -575.01M | -269.6M | -551.43M | -1.73B | -625.78M |
| netDebtIssuance | 105.34M | 467.45M | -30M | 281.32M | 916M | 333.85M |
| longTermNetDebtIssuance | 105.34M | 467.45M | -30M | 281.32M | 916M | 333.85M |
| shortTermNetDebtIssuance | - | - | - | - | - | - |
| netStockIssuance | -42.13M | 77.83M | 222.75M | 254.58M | 854.6M | 297.35M |
| netCommonStockIssuance | -42.13M | 77.83M | 222.75M | 254.58M | 854.6M | 297.35M |
| commonStockIssuance | - | 95.89M | 222.75M | 254.58M | 854.6M | 297.35M |
| commonStockRepurchased | -42.13M | -18.06M | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - |
| netDividendsPaid | -184.03M | -169.08M | -110.5M | -85.75M | -38.22M | -3.74M |
| commonDividendsPaid | -184.03M | -169.08M | -110.5M | -85.75M | -38.22M | -3.74M |
| preferredDividendsPaid | - | - | - | - | - | - |
| otherFinancingActivities | -12.08M | - | -9.94M | -13.26M | -8.21M | -2.88M |
| netCashProvidedByFinancingActivities | -132.9M | 376.19M | 72.31M | 436.9M | 1.72B | 624.58M |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 88.77M | 75.06M | 86.92M | 64.68M | 73.04M | 65.44M | 84.03M | 85M | 86.92M | 76.57M |
| costOfRevenue | - | 15.29M | 16.94M | 33.9M | 34.71M | 34.18M | 33.21M | 33.15M | 29.3M | 27.26M |
| grossProfit | - | 59.77M | 69.99M | 30.78M | 38.34M | 31.26M | 50.82M | 51.85M | 57.62M | 49.31M |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 1.78M | - | 2.24M | 2.78M | 2.04M | 1.98M | 2.09M | 2.1M | 1.88M | 1.5M |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 1.78M | - | 2.24M | 2.78M | 2.04M | 1.98M | 2.09M | 2.1M | 1.88M | 1.5M |
| otherExpenses | - | 33.6M | 5.68M | - | - | -1.02M | -3.9M | -3.96M | -3.81M | -4.31M |
| operatingExpenses | 1.78M | 33.6M | 7.92M | 2.78M | 2.04M | 963K | -1.81M | -1.86M | -1.93M | -2.81M |
| costAndExpenses | - | 48.89M | 24.86M | 36.68M | 36.75M | 35.14M | 31.4M | 31.29M | 27.37M | 24.45M |
| netInterestIncome | - | 56.44M | 56.3M | 63.67M | 62.98M | 64.99M | 67.44M | 74.13M | 72.62M | 70.02M |
| interestIncome | 77.52M | 87.11M | 89.64M | 97.57M | 97.68M | 99.17M | 100.65M | 107.28M | 101.92M | 97.28M |
| interestExpense | 32.02M | 30.66M | 33.34M | 33.9M | 34.71M | 34.18M | 33.21M | 33.15M | 29.3M | 27.26M |
| depreciationAndAmortization | - | - | - | - | - | - | - | - | - | - |
| ebitda | - | 26.16M | 62.07M | 28M | 36.3M | 30.3M | 52.63M | 53.71M | 59.54M | 52.12M |
| ebit | - | 26.16M | 62.07M | 28M | 36.3M | 30.3M | 52.63M | 53.71M | 59.54M | 52.12M |
| nonOperatingIncomeExcludingInterest | - | 9000 | -3000 | - | - | - | - | - | - | - |
| operatingIncome | - | 26.16M | 62.07M | 28M | 36.3M | 30.3M | 52.63M | 53.71M | 59.54M | 52.12M |
| totalOtherIncomeExpensesNet | - | -30.67M | -33.34M | - | - | - | - | - | - | - |
| incomeBeforeTax | 38.96M | -4.51M | 28.73M | 28M | 36.3M | 30.3M | 52.63M | 53.71M | 59.54M | 52.12M |
| incomeTaxExpense | - | - | - | 402K | 200K | 627K | 1M | 501K | 500K | 436K |
| netIncomeFromContinuingOperations | 38.96M | -4.51M | 28.73M | 27.6M | 36.1M | 29.67M | 51.63M | 53.21M | 59.04M | 51.68M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | 38.96M | -4.51M | 28.73M | 27.6M | 36.1M | 29.67M | 51.63M | 53.21M | 59.04M | 51.68M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | 38.96M | -4.51M | 28.73M | 27.6M | 36.1M | 29.67M | 51.63M | 53.21M | 59.04M | 51.68M |
| eps | 0.09 | -0.05 | 0.33 | 0.32 | 0.41 | 0.34 | 0.58 | 0.6 | 0.66 | 0.59 |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 65.82M | 96.69M | 81.43M | 65.47M | 75.81M | 65.58M | 70.37M | 90.43M | 92.97M | 64.76M |
| shortTermInvestments | - | - | - | 10.05M | - | - | - | - | - | - |
| cashAndShortTermInvestments | 65.82M | 96.69M | 81.43M | 75.52M | 75.81M | 65.58M | 70.37M | 90.43M | 92.97M | 64.76M |
| netReceivables | 23.82M | - | 26.42M | 29.89M | 25.43M | 27.3M | 31.02M | 33.66M | 27.73M | 29.69M |
| accountsReceivables | - | - | 26.42M | 29.89M | 25.43M | 27.3M | 31.02M | 33.66M | 27.73M | 29.69M |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | - | - | - | 14.84M | - | - | - | - | - | - |
| totalCurrentAssets | 89.63M | 96.69M | 107.86M | 120.25M | 101.24M | 92.88M | 101.4M | 124.09M | 120.7M | 94.45M |
| propertyPlantEquipmentNet | - | - | - | - | - | - | - | - | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | - | 3.77B | 3.78B | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | 3.73B | 40.7M | 36.23M | 3.82B | 3.82B | 3.81B | 3.67B | 3.54B | 3.31B |
| totalNonCurrentAssets | - | 3.73B | 3.81B | 3.81B | 3.82B | 3.82B | 3.81B | 3.67B | 3.54B | 3.31B |
| otherAssets | 3.62B | - | - | - | - | - | - | - | - | - |
| totalAssets | 3.71B | 3.82B | 3.92B | 3.93B | 3.92B | 3.91B | 3.91B | 3.79B | 3.66B | 3.4B |
| totalPayables | - | 78.65M | 81.14M | 84.74M | 59.79M | 62.56M | 74.63M | 76.92M | 96.84M | 56.38M |
| accountPayables | - | 63.34M | 64.17M | 65.66M | 59.79M | 62.56M | 74.63M | 76.92M | 96.84M | 56.38M |
| otherPayables | - | 15.31M | 16.97M | 19.08M | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | - | - | - | - | - | - | - | - | - |
| totalCurrentLiabilities | - | 78.65M | 81.14M | 84.74M | 59.79M | 62.56M | 74.63M | 76.92M | 96.84M | 56.38M |
| longTermDebt | - | 2.05B | 2.09B | 2.07B | 2.05B | 2.01B | 1.97B | 1.84B | 1.66B | 1.49B |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | 2.63M | 4.2M | 3.53M | 21.54M | 22.85M | 21.76M | 21.16M | 32.68M | 21.28M |
| totalNonCurrentLiabilities | - | 2.06B | 2.09B | 2.08B | 2.07B | 2.03B | 2B | 1.86B | 1.7B | 1.51B |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 2.06B | 2.13B | 2.17B | 2.16B | 2.13B | 2.09B | 2.07B | 1.94B | 1.79B | 1.56B |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 85000 | 85000 | 86000 | 87000 | 87000 | 88000 | 89000 | 89000 | 89000 | 89000 |
| retainedEarnings | - | -62.53M | -19.62M | -7.91M | 7.9M | 15.28M | 29.62M | 29.8M | 30.04M | 15.7M |
| additionalPaidInCapital | - | 1.75B | 1.77B | 1.78B | 1.78B | 1.8B | 1.81B | 1.82B | 1.83B | 1.82B |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | 3.42M | -4.51M | 28.73M | 27.6M | 36.1M | 29.67M | 51.63M | 53.21M | 59.04M | 51.68M |
| depreciationAndAmortization | - | - | - | - | -7.65M | - | - | - | - | - |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | -4.06M | -2.62M | 6.94M | -3.38M | -2.42M | -3.16M | 6.9M | -20.12M | 24.84M | -10.04M |
| accountsReceivables | - | -3.3M | 3.47M | -4.6M | -3.62M | 3.62M | 1.24M | -4.2M | 1.75M | -457K |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | - | - | - | - | 458K | - | 725K | -1.11M | 1.12M | 1.48M |
| otherWorkingCapital | -4.06M | 678K | 3.47M | 1.22M | 742K | -6.78M | 4.93M | -14.81M | 21.97M | -11.06M |
| otherNonCashItems | 190.8M | 93.48M | 18.08M | 14.79M | 14.79M | 7.6M | -154.71M | -150.12M | -8.86M | -1.41M |
| netCashProvidedByOperatingActivities | 190.15M | 86.35M | 53.75M | 39.01M | 40.81M | 34.1M | -96.18M | -117.03M | 75.02M | 40.23M |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | -206.1M | - | -194.23M | -401.39M | -471.19M | -165.39M |
| salesMaturitiesOfInvestments | - | - | - | - | 207.76M | - | 45.03M | 251.16M | 289.5M | 71.5M |
| otherInvestingActivities | 43000 | - | - | - | - | - | 149.2M | 150.23M | - | - |
| netCashProvidedByInvestingActivities | 43000 | - | - | - | 1.66M | - | - | - | -181.69M | -93.89M |
| netDebtIssuance | -92.25M | -29M | 15M | 24M | 32.27M | 30M | 141.62M | 166.5M | 179.34M | -10M |
| longTermNetDebtIssuance | -92.25M | -29M | 15M | 24M | 32.27M | 30M | 141.63M | 166.5M | 179.34M | -10M |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | -27.21M | -14.71M | -9.11M | -2.88M | -20.52M | -9.62M | -10.06M | -8M | - | 95.89M |
| netCommonStockIssuance | -27.21M | -14.71M | -9.11M | -2.88M | -20.52M | -9.62M | -10.06M | -8M | - | 95.89M |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | 95.89M |
| commonStockRepurchased | -27.21M | -14.71M | -9.11M | -2.88M | -20.52M | -9.62M | -10.06M | -8M | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | -81.55M | -43.14M | -43.4M | -43.48M | -44.01M | -53.14M | -53.44M | -44.64M | -33.83M | -37.18M |
| commonDividendsPaid | -81.55M | -43.14M | -43.4M | -43.48M | -44.01M | -53.14M | -53.44M | -44.64M | -33.83M | -37.18M |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | -4.72M | -265K | -181K | -3.46M | -57000 | -4.31M | - | -1.37M | -8.64M | - |
| netCashProvidedByFinancingActivities | -205.73M | -87.11M | -37.7M | -25.82M | -32.31M | -37.06M | 78.12M | 112.49M | 136.87M | 48.71M |