Morgan Stanley Direct Lending Fund Quarterly Balance Sheet
NYSE: MSDLFinancial ServicesAsset ManagementUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Morgan Stanley Direct Lending Fund financial position
As of Jun 30, 2026, Morgan Stanley Direct Lending Fund reported total assets of $3.71 billion, down 5.4% from a year earlier against total liabilities of $2.06 billion. Shareholders' equity stood at $1.65 billion, or 44.4% of assets. The company held $65.8 million in cash and equivalents against $1.98 billion of debt, a net debt position of $1.92 billion.
Debt-to-equity was 1.20.
Summary generated from market data by MetaCap's automated system. Methodology
Morgan Stanley Direct Lending Fund balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 65.82M | 80.66M | 81.43M | 65.47M | 52.22M | 69.40M | 63.40M | 90.43M | 94.97M | 64.76M | 69.70M | 88.08M |
| Short-Term Investments | 14.36M | 19.86M | 12.98M | 10.05M | 27.41M | — | 8.98M | — | — | — | — | — |
| Total Assets | 3.71B | 3.82B | 3.92B | 3.93B | 3.92B | 3.91B | 3.91B | 3.79B | 3.66B | 3.40B | 3.31B | 3.28B |
| Long-Term Debt | 1.98B | 2.05B | 2.09B | 2.07B | 2.05B | 2.01B | 1.97B | 1.84B | 1.66B | 1.49B | 1.50B | 1.72B |
| Total Liabilities | 2.06B | 2.13B | 2.17B | 2.16B | 2.13B | 2.09B | 2.07B | 1.94B | 1.79B | 1.56B | 1.59B | 1.80B |
| Shareholders' Equity | 1.65B | 1.69B | 1.75B | 1.77B | 1.79B | 1.82B | 1.84B | 1.85B | 1.86B | 1.84B | 1.72B | 1.48B |
| Retained Earnings | -92.63M | -62.53M | -19.62M | -62.53M | 7.90M | 15.28M | 29.62M | 29.80M | 30.04M | 15.70M | 8.46M | -475.00K |
| Total Debt | 1.98B | 2.05B | 2.09B | 2.07B | 2.05B | 2.01B | 1.97B | 1.84B | 1.66B | 1.49B | 1.50B | 1.72B |
| Net Cash (Debt) | -1.90B | -1.95B | -1.99B | -2.00B | -1.97B | -1.94B | -1.90B | -1.75B | -1.57B | -1.42B | -1.43B | -1.63B |
| Shares Outstanding | 84.50M | 85.34M | 86.28M | 86.81M | 86.96M | 88.02M | 88.51M | 89.01M | 89.41M | 88.89M | 83.28M | 72.02M |
This table shows 12 quarterly periods of Morgan Stanley Direct Lending Fund's balance sheet, from Q2 2026 back to Q3 2023, across 10 line items including cash & equivalents, short-term investments, total assets. Values in USD; B = billions, M = millions. Fiscal periods follow MSDL's reporting calendar. What is a balance sheet?