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MSDL (Morgan Stanley Direct Lending Fund) Tangible Book per Share : $20.83 (As of Sep. 2024)


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What is Morgan Stanley Direct Lending Fund Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Morgan Stanley Direct Lending Fund's tangible book value per share for the quarter that ended in Sep. 2024 was $20.83.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Morgan Stanley Direct Lending Fund Tangible Book per Share Historical Data

The historical data trend for Morgan Stanley Direct Lending Fund's Tangible Book per Share 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 Tangible Book per Share Chart

Morgan Stanley Direct Lending Fund Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Tangible Book per Share
3.42 13.46 15.83 19.50

Morgan Stanley Direct Lending Fund Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.78 19.50 20.67 20.83 20.83

Competitive Comparison of Morgan Stanley Direct Lending Fund's Tangible Book per Share

For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Morgan Stanley Direct Lending Fund's Price-to-Tangible-Book falls into.



Morgan Stanley Direct Lending Fund Tangible Book per Share Calculation

Morgan Stanley Direct Lending Fund's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(1721.151-0-0)/88.2788
=19.50

Morgan Stanley Direct Lending Fund's Tangible Book Value Per Share for the quarter that ended in Sep. 2024 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(1853.722-0-0)/89.009
=20.83

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Morgan Stanley Direct Lending Fund  (NYSE:MSDL) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Morgan Stanley Direct Lending Fund Tangible Book per Share Related Terms

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Morgan Stanley Direct Lending Fund Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1585 Broadway, 23rd Floor, New York, NY, USA, 10036
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 predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly 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 the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.