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Morgan Stanley MSDL Asset coverage requirement applicable to senior securities

Asset coverage requirement applicable to senior securities at other companies

Blue Owl Capital logo
Blue Owl CapitalOBDC
183%+8.0pp
Blackstone Secured Lending Fund logo
Blackstone Secured Lending FundBXSL
175.5%-8.7pp
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
163%-9.0pp
Oaktree Specialty Lending logo
Oaktree Specialty LendingOCSL
192.2%-6.1pp
Prospect Capital logo
Prospect CapitalPSEC
360.5%+22.3pp
Golub Capital logo
Golub CapitalGBDC
178.8%-4.0pp

Other financials

Income statement

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Net income-$4.5M-115%
EPS (diluted)-$0.05-115%

Balance sheet

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Cash & equivalents$80.7M+16.2%
Total debt$2.1B+2.2%
Total equity$1.7B-7.0%
Total assets$3.8B-2.2%

Cash flow

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Operating cash flow$86.3M+153%

Valuation

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Market cap$1.27B-23.2%
Enterprise value$3.25B-9.9%
P/E14.5×+5.9×

Returns & leverage

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Return on equity5%-5.6pp
Debt / equity1.2×+0.1×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatio.

The official record: Morgan Stanley’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's asset coverage requirement applicable to senior securities?
Morgan Stanley (MSDL) reported asset coverage requirement applicable to senior securities of 182% in Q1 2026.
How has Morgan Stanley's asset coverage requirement applicable to senior securities changed year-over-year?
Morgan Stanley's asset coverage requirement applicable to senior securities decreased by 4.2% year-over-year, from 190% to 182%.
What is the long-term trend for Morgan Stanley's asset coverage requirement applicable to senior securities?
Over 5 years (2020 to 2025), Morgan Stanley's asset coverage requirement applicable to senior securities has grown at a -0.7% compound annual growth rate (CAGR), from 190% to 183%.
What does asset coverage requirement applicable to senior securities mean?
This metric represents the regulatory requirement for a business development company or closed-end fund to maintain a minimum ratio of total assets to total senior indebtedness. It serves as a critical leverage constraint designed to protect investors by ensuring the fund maintains sufficient asset backing for its outstanding debt obligations. Compliance with this threshold is essential for the fund to remain in good standing with regulatory authorities and to continue its borrowing activities.