Morgan Stanley Direct Lending Fund

MSDL

MSDLMorgan Stanley Direct Lending Fund US flag

New York Stock Exchange

15.17

USD

+0.10

- -

1.29BMarket Cap

Income Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	20	78	33	215	210	133
+ Sales & Services Revenue	20	78	33	215	210	133
- Cost of Revenue	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -
+ Other Operating Income	-1	6	16	17	8	-8
- Operating Expenses	1	-6	-16	-17	-8	8
+ Selling, General & Admin	3	5	4	6	8	9
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-2	-10	-20	-23	-16	-1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-18	-83	-49	-233	-218	-125
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-18	-83	-49	-233	-218	-125
Pretax Income	18	83	49	233	218	125
- Income Tax Expense (Benefit)	- -	- -	- -	2	2	3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	18	83	49	231	216	122
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	18	83	49	231	216	122
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	18	83	49	231	216	122
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	18	83	49	231	216	122
EBIT	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -
EBITA	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -
Profit Margin (%)	92.67	107.28	146.95	107.33	102.85	91.75
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	0.04	0.43	0.97	1.25	1.91	2.11
Depreciation Expense	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	88	88	88	88	89	87
Basic EPS, GAAP	0.21	0.94	0.55	2.62	2.43	1.4
Basic EPS from Cont Ops	0.21	0.94	0.55	2.62	2.43	1.4
Diluted Weighted Avg Shares	88	88	88	88	89	87
Diluted EPS, GAAP	0.21	0.94	0.55	2.62	2.43	1.4
Diluted EPS from Cont Ops	0.21	0.94	0.55	2.62	2.43	1.4

Balance Sheet (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	11	74	81	70	70	91
+ Cash & Cash Equivalents	11	74	81	70	70	91
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	20	24	29	31	27
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	2	20	24	29	31	27
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-14	-94	-105	-99	-101	-117
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	637	2,387	2,874	3,194	3,791	3,772
+ LT Investments	637	2,387	2,874	3,194	3,791	3,772
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-637	-2,387	-2,874	-3,194	-3,791	-3,772
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-637	-2,387	-2,874	-3,194	-3,791	-3,772
Total Assets	657	2,493	2,986	3,307	3,912	3,920
+ Payables & Accruals	- -	- -	- -	- -	- -	- -
+ Accounts Payable	10	33	50	69	75	64
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	-10	-33	-50	-69	-75	-64
+ ST Debt	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -
+ LT Debt	334	1,250	1,523	1,496	1,973	2,087
+ LT Borrowings	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-334	-1,250	-1,523	-1,496	-1,973	-2,087
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-334	-1,250	-1,523	-1,496	-1,973	-2,087
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -
Total Liabilities	355	1,305	1,589	1,586	2,070	2,172
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	297	1,173	1,452	1,713	1,813	1,768
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	297	1,173	1,452	1,713	1,812	1,768
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	5	16	-55	8	30	-20
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	302	1,189	1,397	1,721	1,842	1,748
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	302	1,189	1,397	1,721	1,842	1,748
Total Liabilities & Equity	657	2,493	2,986	3,307	3,912	3,920
Shares Outstanding	88	88	88	88	89	86
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -
Net Debt	-11	-74	-81	-70	-70	-91
Net Debt to Equity	-3.73	-6.24	-5.81	-4.05	-3.82	-5.18
Tangible Common Equity Ratio	45.92	47.67	46.79	52.05	47.09	44.59
Current Ratio	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	18	83	49	231	216	122
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	-636	-1,748	-481	-314	-600	26
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-636	-1,748	-481	-314	-600	26
+ Chg in Non-Cash Work Cap	4	3	2	-1	2	3
+ (Inc) Dec in Accts Receiv	-2	-9	-9	-8	-2	4
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	6	13	11	7	3	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-613	-1,661	-430	-84	-383	151
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	297	855	255	223	78	-42
+ Increase in Capital Stock	297	855	255	223	96	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-18	-42
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -	- -	- -
+ Dividends Paid	-4	-38	-86	-110	-169	-184
+ Net Cash From Debt	334	916	281	-30	477	105
+ Cash From Debt	612	1,514	1,566	408	1,189	1,552
+ Repayments of Debt	-278	-598	-1,285	-438	-712	-1,447
+ Other Financing Activities	-3	-8	-13	-10	-10	-12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	625	1,724	437	72	376	-133
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	11	63	7	-12	-6	18
EBITDA	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -
Free Cash Flow	-613	-1,661	-430	-84	-383	151
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-613	-1,661	-430	-84	-383	151
Free Cash Flow to Equity	- -	-745	-149	-114	95	256
Free Cash Flow per Basic Share	-6.95	-18.82	-4.87	-0.95	-4.31	1.73
Price/Free Cash Flow	- -	- -	- -	- -	-4.79	9.53
Cash Flow to Net Income	-33.52	-19.95	-8.85	-0.36	-1.77	1.24
Capital Expenditures	- -	- -	- -	- -	- -	- -