Morgan Stanley Direct Lending Fund (MSDL) — Financial Flexibility Index

Latest as of March 2026: 0.04x

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 asset allocation strategy of Morgan Stanley Direct Lending Fund to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.04x
Free Cash Flow / Total Liabilities

Free Cash Flow

$86.35 Million
Operating CF − Capex

Total Liabilities

$2.13 Billion
USD

Capital Expenditures

$0.00
USD

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. See MSDL working capital ratio to evaluate short-term liquidity relative to the company's equity base.

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. For the full company profile including market capitalisation, see market value of Morgan Stanley Direct Lending Fund.

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
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities