Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) Interest Coverage Ratio (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Interest Coverage Ratio came in at 1.22 in Q2 2026, down 3.71% year-over-year from 1.26 in Q2 2025, and down 9.75% quarter-over-quarter from 1.35 in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) Interest Coverage Ratio (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Interest Coverage Ratio for 5 consecutive years, with 1.22 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Interest Coverage Ratio fell 3.71% year-over-year to 1.22 in Q2 2026; TTM through Jun 2026 was 1.3, a 13.06% decrease from a year earlier, with the FY2025 full-year figure at 1.31, down 27.47% from the prior year.
  • Interest Coverage Ratio was 1.22 for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 1.35 in the prior quarter.
  • Over five years, Interest Coverage Ratio peaked at 2.56 in Q1 2022 and troughed at 1.22 in Q2 2026.
  • A 5-year average of 1.68 and a median of 1.68 in 2023 frame the typical range for Interest Coverage Ratio.
  • The widest YoY moves for Interest Coverage Ratio: up 23.97% in 2023, down 35.27% in 2023.
  • Over 5 years, Interest Coverage Ratio stood at 1.58 in 2022, then grew by 23.97% to 1.96 in 2023, then declined by 20.42% to 1.56 in 2024, then declined by 15.29% to 1.32 in 2025, then retreated by 7.78% to 1.22 in 2026.
  • The last three Interest Coverage Ratio figures came in at 1.22 (Q2 2026), 1.35 (Q1 2026), and 1.32 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn - 1.71
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 1.76
3 Blue Owl Capital 5.52 Bn 5.28 Bn - 1.44
4 Main Street Capital 5.26 Bn 5.20 Bn - 2.56
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn - 1.28
6 Hercules Capital 4.64 Bn 4.59 Bn - 2.98
7 FS KKR Capital 3.37 Bn 3.27 Bn - -
8 Golub Capital Bdc 3.34 Bn 3.30 Bn - 1.40
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn - 0.23
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 1.22
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.22
Mar 31, 2026 1.35
Dec 31, 2025 1.32
Sep 30, 2025 1.30
Jun 30, 2025 1.26
Mar 31, 2025 1.37
Dec 31, 2024 1.56
Sep 30, 2024 1.79
Jun 30, 2024 1.93
Mar 31, 2024 2.02
Dec 31, 2023 1.96
Sep 30, 2023 1.70
Jun 30, 2023 1.71
Mar 31, 2023 1.66
Dec 31, 2022 1.58
Sep 30, 2022 1.82
Jun 30, 2022 2.13
Mar 31, 2022 2.56