Morgan Stanley Direct Lending Fund (MSDL) Times Interest Earned (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Times Interest Earned of $0.05 for Q1 2026, down 96.53% year-over-year from $1.37 in Q1 2025, and down 96.4% on a QoQ basis from $1.32 in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Times Interest Earned data on file, last reported at $0.05 in Q1 2026.
- Quarterly Times Interest Earned fell 96.53% year-over-year to $0.05 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.01 (down 39.07% YoY) and the FY2025 annual result came in at $1.31, down 27.47% from the prior year.
- Times Interest Earned fell to $0.05 in Q1 2026 per MSDL's latest filing, from $1.32 in the prior quarter.
- Across five years, Times Interest Earned topped out at $2.56 in Q1 2022 and bottomed at $0.05 in Q1 2026.
- The 5-year median for Times Interest Earned is $1.7 (2023), against an average of $1.63.
- The widest annual swing landed in 2023, when Times Interest Earned increased 23.97%; it then sank 96.53% in 2026.
- Tracing MSDL's Times Interest Earned over 5 years: stood at $1.58 in 2022, then climbed by 23.97% to $1.96 in 2023, then dropped by 20.42% to $1.56 in 2024, then dropped by 15.29% to $1.32 in 2025, then tumbled by 96.4% to $0.05 in 2026.
- Per Business Quant, the three latest MSDL Times Interest Earned figures stand at $0.05 (Q1 2026), $1.32 (Q4 2025), and $1.3 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 21.00 |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 11.62 |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 552.52 |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 19.81 |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.03 |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 1.53 |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 6.35 |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.44 |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 7.16 |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | 0.05 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.05 |
| 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 |