Morgan Stanley Direct Lending Fund (MSDL) — Cash Flow-to-Debt Ratio
Morgan Stanley Direct Lending Fund (MSDL) has a Cash Flow-to-Debt Ratio of 0.04x as of March 2026, meaning its operating cash flow of $86.35 Million could theoretically repay 0% of its total liabilities ($2.13 Billion) in one year. See Morgan Stanley Direct Lending Fund (MSDL) flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Morgan Stanley Direct Lending Fund Cash Flow-to-Debt Ratio (2020–2025)
Historical debt coverage capacity for Morgan Stanley Direct Lending Fund across 6 annual periods. For the full cash flow conversion analysis, see MSDL cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Morgan Stanley Direct Lending Fund (2020–2025)
Year-by-year debt coverage analysis for Morgan Stanley Direct Lending Fund. Check how high is Morgan Stanley Direct Lending Fund's earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | $150.90 Million | $2.17 Billion | ▼ -28.6% |
| 2024 | 0.10x | $201.47 Million | $2.07 Billion | ▼ -16.9% |
| 2023 | 0.12x | $185.78 Million | $1.59 Billion | ▲ +53.1% |
| 2022 | 0.08x | $121.59 Million | $1.59 Billion | ▲ +47.5% |
| 2021 | 0.05x | $67.69 Million | $1.30 Billion | ▲ +48.2% |
| 2020 | 0.04x | $12.43 Million | $355.19 Million | — |