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. Read debt load of Morgan Stanley Direct Lending Fund for a breakdown of total debt and financial obligations.
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. For live market cap and overall valuation, see Morgan Stanley Direct Lending Fund stock valuation.
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. Check how strategically is Morgan Stanley Direct Lending Fund's equity deployed to assess the company's strategic physical and investment asset allocation.
| 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 | — |