Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Pretax Margin % : 85.94% (As of Mar. 2024)

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What is Morgan Stanley Direct Lending Fund Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Morgan Stanley Direct Lending Fund's Pre-Tax Income for the three months ended in Mar. 2024 was $52.1 Mil. Morgan Stanley Direct Lending Fund's Revenue for the three months ended in Mar. 2024 was $60.6 Mil. Therefore, Morgan Stanley Direct Lending Fund's pretax margin for the quarter that ended in Mar. 2024 was 85.94%.

The historical rank and industry rank for Morgan Stanley Direct Lending Fund's Pretax Margin % or its related term are showing as below:

MSDL' s Pretax Margin % Range Over the Past 10 Years
Min: 77.52 Med: 86.45 Max: 90.39
Current: 89.65

MSDL's Pretax Margin % is ranked worse than
50.9% of 1658 companies
in the Asset Management industry
Industry Median: 90.52 vs MSDL: 89.65

Morgan Stanley Direct Lending Fund Pretax Margin % Historical Data

The historical data trend for Morgan Stanley Direct Lending Fund's Pretax Margin % 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.

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Morgan Stanley Direct Lending Fund Pretax Margin % Chart

Morgan Stanley Direct Lending Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

77.52

87.48

85.41

90.39

Morgan Stanley Direct Lending Fund Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial									88.94	90.76	91.94	89.25	85.94

Competitive Comparison of Morgan Stanley Direct Lending Fund's Pretax Margin %

For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Direct Lending Fund's Pretax Margin % falls into.

Morgan Stanley Direct Lending Fund Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Morgan Stanley Direct Lending Fund's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	232.533	/	257.258
	=	90.39 %

Morgan Stanley Direct Lending Fund's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	52.12	/	60.644
	=	85.94 %

Morgan Stanley Direct Lending Fund (NYSE:MSDL) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Morgan Stanley Direct Lending Fund Pretax Margin % Related Terms

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

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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