Morgan Stanley Direct Lending Fund (MSDL) — Financial Flexibility Index
Morgan Stanley Direct Lending Fund (MSDL) has a Financial Flexibility Index of 0.04x as of March 2026. Free cash flow of $86.35 Million (operating CF $86.35 Million minus capex $0.00) represents 0% of total liabilities ($2.13 Billion). Check MSDL total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Morgan Stanley Direct Lending Fund Financial Flexibility Index (2020–2025)
Historical Financial Flexibility Index trend for Morgan Stanley Direct Lending Fund across 6 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Morgan Stanley Direct Lending Fund.
Annual Financial Flexibility Index for Morgan Stanley Direct Lending Fund (2020–2025)
Year-by-year free cash flow to debt coverage for Morgan Stanley Direct Lending Fund. Explore MSDL debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.07x | $150.90 Million | $150.90 Million | $2.17 Billion | ▼ -28.6% |
| 2024 | 0.10x | $201.47 Million | $201.47 Million | $2.07 Billion | ▼ -16.9% |
| 2023 | 0.12x | $185.78 Million | $185.78 Million | $1.59 Billion | ▲ +53.1% |
| 2022 | 0.08x | $121.59 Million | $121.59 Million | $1.59 Billion | ▲ +47.5% |
| 2021 | 0.05x | $67.69 Million | $67.69 Million | $1.30 Billion | ▲ +48.2% |
| 2020 | 0.04x | $12.43 Million | $12.43 Million | $355.19 Million | — |