Morgan Stanley Direct Lending Fund Cash Flow Quality Index
Morgan Stanley Direct Lending Fund 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. See MSDL FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Morgan Stanley Direct Lending Fund (2020–2025)
Cash flow quality index of Morgan Stanley Direct Lending Fund from 2020 to 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. Explore MSDL operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Morgan Stanley Direct Lending Fund Cash Flow Quality Index by Year (2020–2025)
Morgan Stanley Direct Lending Fund cash flow quality index by year from 2020 to 2025. Year-by-year earnings quality comparison for Morgan Stanley Direct Lending Fund. For the full cash flow conversion analysis, see Morgan Stanley Direct Lending Fund operating cash flow efficiency.
| 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 | — |