Morgan Stanley Direct Lending Fund (MSDL) Times Interest Earned (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Times Interest Earned came in at $1.32 in Q1 2026, up 4.17% year-on-year from $1.27 in Q1 2025, and up 249.2% on a QoQ basis from $0.38 in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Times Interest Earned (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Times Interest Earned data on file, last reported at $1.32 in Q1 2026.
- On a quarterly basis, Times Interest Earned rose 4.17% year-over-year to $1.32 in Q1 2026; TTM through Mar 2026 was $0.82, a 47.79% decrease from a year earlier, with the FY2025 full-year figure at $1.29, down 27.83% from the prior year.
- Times Interest Earned for Q1 2026 stood at $1.32, up from $0.38 in the prior quarter.
- Over the last five years, Times Interest Earned for MSDL reached as high as $6.56 in Q4 2022 and fell as low as $0.38 in Q4 2025.
- Historically, Times Interest Earned has averaged $1.87 across 5 years, with a median of $1.62 in 2023.
- Across the five-year window, Times Interest Earned advanced 14.9% in 2024 and sank 72.33% in 2025, its largest moves.
- Year by year, Times Interest Earned stood at $6.56 in 2022, then sank by 74.03% to $1.7 in 2023, then dropped by 19.75% to $1.37 in 2024, then plunged by 72.33% to $0.38 in 2025, then soared by 249.2% to $1.32 in 2026.
- Per Business Quant data, the three most recent Times Interest Earned figures were $1.32 in Q1 2026, $0.38 in Q4 2025, and $1.3 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 21.00 |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 11.62 |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 0.02 |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 1.54 |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 6.35 |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.44 |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 2.52 |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | 1.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.32 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 1.30 |
| Jun 30, 2025 | 1.26 |
| Mar 31, 2025 | 1.27 |
| Dec 31, 2024 | 1.37 |
| Sep 30, 2024 | 1.79 |
| Jun 30, 2024 | 1.92 |
| Mar 31, 2024 | 1.54 |
| Sep 30, 2023 | 1.70 |
| Jun 30, 2023 | 1.71 |
| Mar 31, 2023 | 1.34 |
| Dec 31, 2022 | 6.56 |
| Sep 30, 2022 | 1.82 |
| Jun 30, 2022 | 2.13 |
| Mar 31, 2022 | 2.56 |