Morgan Stanley Direct Lending Fund (MSDL) — Net Asset Quality Index
Morgan Stanley Direct Lending Fund (MSDL) has a Net Asset Quality Index of 44.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $3.82 Billion minus total liabilities of $2.13 Billion yields net assets of $1.69 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See Morgan Stanley Direct Lending Fund liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Morgan Stanley Direct Lending Fund Net Asset Quality Index Over Time (2019–2025)
This chart shows how Morgan Stanley Direct Lending Fund's Net Asset Quality Index has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the index stands at 44.2%, representing net assets of $1.69 Billion against total assets of $3.82 Billion USD. Explore Morgan Stanley Direct Lending Fund (MSDL) cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Morgan Stanley Direct Lending Fund (2019–2025)
The table below presents the year-by-year Net Asset Quality Index for Morgan Stanley Direct Lending Fund from 2019 to 2025, covering 7 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see MSDL stock market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 44.6% | $1.75 Billion | $3.92 Billion | $2.17 Billion | ▼ -2.5 pp |
| 2024 | 47.1% | $1.84 Billion | $3.91 Billion | $2.07 Billion | ▼ -5.0 pp |
| 2023 | 52.0% | $1.72 Billion | $3.31 Billion | $1.59 Billion | ▲ +5.3 pp |
| 2022 | 46.8% | $1.40 Billion | $2.99 Billion | $1.59 Billion | ▼ -0.9 pp |
| 2021 | 47.7% | $1.19 Billion | $2.49 Billion | $1.30 Billion | ▲ +1.7 pp |
| 2020 | 45.9% | $301.62 Million | $656.81 Million | $355.19 Million | ▲ +122.5 pp |
| 2019 | -76.5% | $-1.12 Million | $1.46 Million | $2.59 Million | — |