Morgan Stanley Direct Lending Fund Total Assets
Morgan Stanley Direct Lending Fund total assets. Based on the latest financial reports, Morgan Stanley Direct Lending Fund (MSDL) holds total assets worth $3.82 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see MSDL stock market capitalisation for the company's overall valuation and market capitalisation.
Total Assets of Morgan Stanley Direct Lending Fund (2019–2025)
Total assets of Morgan Stanley Direct Lending Fund from 2019 to 2025. This chart illustrates how Morgan Stanley Direct Lending Fund's total assets have evolved over time, based on quarterly financial data. See today's stock price for Morgan Stanley Direct Lending Fund for real-time trading data and today's change.
Morgan Stanley Direct Lending Fund - Asset Composition Analysis
Morgan Stanley Direct Lending Fund Total Assets Breakdown (December 2025)
Morgan Stanley Direct Lending Fund total assets breakdown as of December 2025. Morgan Stanley Direct Lending Fund's total assets of $3.82 Billion consist of 2.8% current assets and 97.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.1% |
| Accounts Receivable | $26.42 Million | 0.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2025)
This chart illustrates how Morgan Stanley Direct Lending Fund's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore Morgan Stanley Direct Lending Fund (MSDL) liquidity to equity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Morgan Stanley Direct Lending Fund's current assets represent 2.8% of total assets in 2025, a decrease from 102.4% in 2019.
- Cash Position: Cash and equivalents constituted 2.1% of total assets in 2025, down from 2.4% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
Morgan Stanley Direct Lending Fund Competitors by Total Assets
Key competitors of Morgan Stanley Direct Lending Fund based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Nuveen Variable Rate Preferred & Income Fund
NYSE:NPFD
|
USA | $765.19 Million |
|
Nuveen Multi-Asset Income Fund
NYSE:NMAI
|
USA | $691.82 Million |
|
Angel Oak Financial Strategies Income Term Trust
NYSE:FINS
|
USA | $592.58 Million |
|
Sprott Physical Gold Trust
TO:PHYS
|
Canada | CA$14.74 Billion |
|
Industrivarden AB ser. C
ST:INDU-C
|
Sweden | Skr231.37 Billion |
|
Julius Baer Gruppe AG
SW:BAER
|
Switzerland | CHF104.72 Billion |
|
HDFC Asset Management Company Limited
NSE:HDFCAMC
|
India | Rs99.91 Billion |
|
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
|
India | Rs51.92 Billion |
Morgan Stanley Direct Lending Fund - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.23 | 1.48 | 2.85 |
| Quick Ratio | 1.23 | 1.48 | 2.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $18.04 Million | $30.31 Million | $61.07 Million |
Morgan Stanley Direct Lending Fund - Advanced Valuation Insights
This section examines the relationship between Morgan Stanley Direct Lending Fund's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.77 |
| Latest Market Cap to Assets Ratio | 0.31 |
| Asset Growth Rate (YoY) | 0.2% |
| Total Assets | $3.92 Billion |
| Market Capitalization | $1.22 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Morgan Stanley Direct Lending Fund's assets below their book value (0.31x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Morgan Stanley Direct Lending Fund's assets grew by 0.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Morgan Stanley Direct Lending Fund (2019–2025)
The table below shows the annual total assets of Morgan Stanley Direct Lending Fund from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $3.92 Billion | +0.21% |
| 2024-12-31 | $3.91 Billion | +18.30% |
| 2023-12-31 | $3.31 Billion | +10.74% |
| 2022-12-31 | $2.99 Billion | +19.77% |
| 2021-12-31 | $2.49 Billion | +279.61% |
| 2020-12-31 | $656.81 Million | +44753.32% |
| 2019-12-31 | $1.46 Million | -- |
About Morgan Stanley Direct Lending Fund
Morgan Stanley Direct Lending Fund is a business development company. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.