Morgan Stanley Direct Lending Fund (MSDL) — Defensive Interval Ratio

Latest as of March 2026: 138 days

Morgan Stanley Direct Lending Fund (MSDL) has a Defensive Interval Ratio of 138 days as of March 2026. Defensive assets of $29.72 Million (cash $-, short-term investments $-, receivables $29.72 Million) cover 138 days of daily cash needs of $215.48K/day. See MSDL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Defensive Interval Ratio

138 days
Days of operational coverage

Defensive Assets

$29.72 Million
Cash + ST Investments + Receivables

Daily Cash Need

$215.48K
Current Liabilities ÷ 365

Current Liabilities

$78.65 Million
USD

Morgan Stanley Direct Lending Fund Defensive Interval Ratio (2020–2025)

This chart shows how Morgan Stanley Direct Lending Fund's Defensive Interval Ratio has evolved across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 138 days, meaning defensive assets of $29.72 Million can fund 138 days of operations without new revenue. See debt-free asset ratio of Morgan Stanley Direct Lending Fund to measure how much of total assets are equity-financed.

Annual Defensive Interval Ratio for Morgan Stanley Direct Lending Fund (2020–2025)

The table below presents the year-by-year Defensive Interval Ratio for Morgan Stanley Direct Lending Fund from 2020 to 2025, covering 6 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see how much is Morgan Stanley Direct Lending Fund worth.

Year DIR (days) Defensive Assets (USD) Daily Cash Need Cash ST Investments Change (days)
2025 119 days $26.42 Million $222.29K/day $- $- ▼ -43 days
2024 162 days $33.02 Million $204.45K/day $- $2.00 Million ▲ +7 days
2023 154 days $29.10 Million $188.49K/day $- $- ▼ -18 days
2022 172 days $23.66 Million $137.20K/day $- $- ▼ -48 days
2021 220 days $19.89 Million $90.33K/day $- $- ▲ +137 days
2020 83 days $2.36 Million $28.27K/day $- $-
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)