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
DateValue
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