Morgan Stanley Direct Lending Fund (MSDL) — Cash Flow Quality Index
Morgan Stanley Direct Lending Fund (MSDL) has a Cash Flow Quality Index of 1.87x as of December 2025. Operating cash flow of $53.75 Million exceeds net income of $28.73 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow conversion of Morgan Stanley Direct Lending Fund to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Morgan Stanley Direct Lending Fund Cash Flow Quality Index (2020–2025)
Historical Cash Flow Quality Index for Morgan Stanley Direct Lending Fund across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Morgan Stanley Direct Lending Fund (MSDL) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Morgan Stanley Direct Lending Fund (2020–2025)
Year-by-year earnings quality comparison for Morgan Stanley Direct Lending Fund. For live market cap and the full company financial profile, see Morgan Stanley Direct Lending Fund market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.24x | $150.90 Million | $122.09 Million | ▲ +32.2% |
| 2024 | 0.93x | $201.47 Million | $215.56 Million | ▲ +16.2% |
| 2023 | 0.80x | $185.78 Million | $231.01 Million | ▼ -67.9% |
| 2022 | 2.50x | $121.59 Million | $48.54 Million | ▲ +208.1% |
| 2021 | 0.81x | $67.69 Million | $83.25 Million | ▲ +19.7% |
| 2020 | 0.68x | $12.43 Million | $18.30 Million | — |