Morgan Stanley Direct Lending Fund (MSDL) - 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.
Morgan Stanley Direct Lending Fund - Total Assets Trend (2019–2025)
This chart illustrates how Morgan Stanley Direct Lending Fund's total assets have evolved over time, based on quarterly financial data. Also see how much is Morgan Stanley Direct Lending Fund worth for the company's overall valuation and market capitalisation.
Morgan Stanley Direct Lending Fund - Asset Composition Analysis
Current Asset Composition (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. Review Morgan Stanley Direct Lending Fund total liabilities to assess the company's total debt and financial obligations.
| 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. See MSDL live share price for real-time trading data and today's change.
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 |
|---|---|---|
|
Senvest Capital Inc.
TO:SEC
|
Canada | CA$6.06 Billion |
|
Nuveen Multi-Asset Income Fund
NYSE:NMAI
|
USA | $691.82 Million |
|
Sprott Physical Silver
TO:PSLV
|
Canada | CA$9.40 Billion |
|
Janus Henderson Group PLC
F:HDJA
|
Germany | €8.29 Billion |
|
Compagnie du Cambodge
PA:CBDG
|
France | €6.94 Billion |
|
Fair Oaks Income Limited
LSE:FAIR
|
UK | $236.01 Million |
|
Central Securities Corporation
NYSE MKT:CET
|
USA | $1.79 Billion |
|
A.F.P. Habitat
SN:HABITAT
|
Chile | CL$772.89 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 | 0.32 |
| Asset Growth Rate (YoY) | 0.2% |
| Total Assets | $3.92 Billion |
| Market Capitalization | $1.24 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Morgan Stanley Direct Lending Fund's assets below their book value (0.32x), 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.