Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Cash-to-Debt : 0.04 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Morgan Stanley Direct Lending Fund Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Morgan Stanley Direct Lending Fund's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Morgan Stanley Direct Lending Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Morgan Stanley Direct Lending Fund's Cash-to-Debt or its related term are showing as below:

MSDL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.06
Current: 0.04

During the past 4 years, Morgan Stanley Direct Lending Fund's highest Cash to Debt Ratio was 0.06. The lowest was 0.03. And the median was 0.05.

MSDL's Cash-to-Debt is ranked worse than
91.13% of 1466 companies
in the Asset Management industry
Industry Median: 5.89 vs MSDL: 0.04

Morgan Stanley Direct Lending Fund Cash-to-Debt Historical Data

The historical data trend for Morgan Stanley Direct Lending Fund's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Morgan Stanley Direct Lending Fund Cash-to-Debt Chart

Morgan Stanley Direct Lending Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.03

0.06

0.05

Morgan Stanley Direct Lending Fund Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									N/A	0.03	0.05	0.05	0.04

Competitive Comparison of Morgan Stanley Direct Lending Fund's Cash-to-Debt

For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Morgan Stanley Direct Lending Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Direct Lending Fund's Cash-to-Debt falls into.

Morgan Stanley Direct Lending Fund Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Morgan Stanley Direct Lending Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	69.705	/	(0	+	1496.032)
	=	0.05

Morgan Stanley Direct Lending Fund's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	64.762	/	(0	+	1486.661)
	=	0.04

Morgan Stanley Direct Lending Fund (NYSE:MSDL) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Morgan Stanley Direct Lending Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Morgan Stanley Direct Lending Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morgan Stanley Direct Lending Fund (NYSE:MSDL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. They invest primarily in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of our investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.

Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Headlines

From GuruFocus

Morgan Stanley Direct Lending Fund Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

By Business Wire • 02-14-2024