Morgan Stanley Direct Lending Fund (MSDL)

NYSE: MSDL · Real-Time Price · USD

13.62

-0.49 (-3.47%)

At close: Nov 6, 2026, 4:00 PM EST

13.95

+0.33 (2.45%)

After-hours: Nov 6, 2026, 7:57 PM EST

MSDL Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	92.93	77.61	61.4	69.71	81.22	74.15
Cash & Short-Term Investments	92.93	77.61	61.4	69.71	81.22	74.15
Cash Growth	26.07%	26.41%	-11.92%	-14.17%	9.52%	558.38%
Accounts Receivable	34.2	26.88	31.02	29.06	21.1	12.04
Other Receivables	-	-	-	0.04	2.56	7.85
Receivables	34.2	26.88	31.02	29.1	23.66	19.89
Prepaid Expenses	-	10.39	0.63	0.05	0.04	0.27
Restricted Cash	-	3.82	2	-	-	-
Total Current Assets	127.13	118.7	95.05	98.86	104.91	94.31
Long-Term Investments	3,443	3,730	3,800	3,194	2,874	2,387
Long-Term Deferred Charges	17.6	16.87	16.5	14.32	7.62	11.59
Other Long-Term Assets	0.53	54.72	-	-	-	-
Total Assets	3,588	3,920	3,912	3,307	2,986	2,493

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	-	-	0.19	0.01	-	-
Accrued Expenses	76.67	42.02	42.93	36.88	30.31	20.71
Current Portion of Long-Term Debt	-	-	274.14	-	-	310.35
Other Current Liabilities	37.74	43.22	53.23	49.97	33.06	29.69
Total Current Liabilities	114.41	85.24	370.5	86.86	63.37	360.76
Long-Term Debt	1,903	2,087	1,699	1,496	1,523	939.5
Other Long-Term Liabilities	0.1	0.09	0.03	2.69	1.98	4.43
Total Liabilities	2,018	2,172	2,070	1,586	1,589	1,305

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	0.08	0.09	0.09	0.08	0.07	0.06
Additional Paid-In Capital	1,728	1,768	1,812	1,713	1,452	1,173
Retained Earnings	-157.59	-19.62	29.62	8.46	-54.78	15.78
Shareholders' Equity	1,570	1,748	1,842	1,721	1,397	1,189
Total Liabilities & Equity	3,588	3,920	3,912	3,307	2,986	2,493

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	1,903	2,087	1,973	1,496	1,523	1,250
Net Cash (Debt)	-1,810	-2,009	-1,912	-1,426	-1,442	-1,176
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-21.23	-23.02	-21.57	-19.21	-23.38	-37.73
Filing Date Shares Outstanding	83.3	85.63	88.5	88.9	70.98	57.2
Total Common Shares Outstanding	83.69	86.28	88.51	83.28	70.54	56.84
Working Capital	12.72	33.46	-275.45	12	41.54	-266.44
Book Value Per Share	18.76	20.26	20.81	20.67	19.81	20.91
Tangible Book Value	1,570	1,748	1,842	1,721	1,397	1,189
Tangible Book Value Per Share	18.76	20.26	20.81	20.67	19.81	20.91

SEC Filings: 10-K · 10-Q