Morgan Stanley Direct Lending Fund Cash Flow Conversion Efficiency
Morgan Stanley Direct Lending Fund cash flow conversion efficiency. Based on the latest financial reports, Morgan Stanley Direct Lending Fund (MSDL) has a cash flow conversion efficiency ratio of 0.051x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($86.35 Million) by net assets ($1.69 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Morgan Stanley Direct Lending Fund (2020–2025)
Cash flow conversion efficiency of Morgan Stanley Direct Lending Fund from 2020 to 2025. This chart illustrates how Morgan Stanley Direct Lending Fund's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Morgan Stanley Direct Lending Fund (MSDL) share price today for real-time trading data and today's change.
Morgan Stanley Direct Lending Fund Cash Flow Conversion Ratio Explained
Morgan Stanley Direct Lending Fund cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Morgan Stanley Direct Lending Fund Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Morgan Stanley Direct Lending Fund ranked by their cash flow conversion efficiency. Also see market value of Morgan Stanley Direct Lending Fund for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Red Violet Inc
NASDAQ:RDVT
|
0.068x |
|
SM Entertainment Co. Ltd
KQ:041510
|
0.045x |
|
Shanxi Huaxiang Group Co Ltd
SHG:603112
|
-0.001x |
|
Universal Technical Institute Inc
NYSE:UTI
|
0.030x |
|
Fengzhushou Co. Ltd. A
SHE:301382
|
N/A |
|
Zhejiang Jiahua Energy Chemical Industry Co Ltd
SHG:600273
|
0.025x |
|
AcadeMedia AB (publ)
ST:ACAD
|
0.200x |
|
PCBL LIMITED
NSE:PCBL
|
0.205x |
Annual Cash Flow Conversion Efficiency for Morgan Stanley Direct Lending Fund (2020–2025)
The table below shows the annual cash flow conversion efficiency of Morgan Stanley Direct Lending Fund from 2020 to 2025. Review MSDL free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $1.75 Billion | $150.90 Million | 0.086x | -21.07% |
| 2024-12-31 | $1.84 Billion | $201.47 Million | 0.109x | +1.32% |
| 2023-12-31 | $1.72 Billion | $185.78 Million | 0.108x | +24.04% |
| 2022-12-31 | $1.40 Billion | $121.59 Million | 0.087x | +52.80% |
| 2021-12-31 | $1.19 Billion | $67.69 Million | 0.057x | +38.17% |
| 2020-12-31 | $301.62 Million | $12.43 Million | 0.041x | -- |
About Morgan Stanley Direct Lending Fund
Morgan Stanley Direct Lending Fund is a business development company. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.