MORGAN STANLEY EMERGING MARKETS DEBT FUND INC (MSD)
The Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) is a closed-end investment vehicle specializing in fixed income, managed by Morgan Stanley Investment Management Inc. Its core objective is to invest in debt instruments across global emerging market economies. The fund's portfolio predominantly comprises debt securities issued by sovereign governments, government-related entities, and corporations domiciled in or operating within these emerging nations. Additionally, it allocates capital to debt from organizations specifically formed to restructure the outstanding obligations of such issuers. The fund's performance is gauged against the JP Morgan Emerging Markets Bond Global Index. MSD was established in the United States on May 6, 1993.
Industry: Asset Management
Morgan Stanley Emerging Markets Debt Fund, Inc.
NYSE:MSDFinancial Services · Asset Management
AHAfter hours+0.00%$6.85
Prev close$6.72+1.93%Close$6.850.00%Now$6.85
Close$6.85+1.93%
Mkt Cap$138.58M
Float19.92M
O/S20.23M
VOL159K sh
$ Vol$1.08M
RVOL1.71×
Inst Own33.0%
Div Yield8.54%
Dilution
Financials Summary
Revenue$8.47M
Net Income$21.13M
Total Assets$163.5M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$159.16M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MSD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$163.5M
Liabilities$4.33M
Accounts Receivable$3.83M
Accounts Payable$3.31M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $8.47M | $22.88M | -$12.49M | -$10.26M | $12.24M | $13.16M | $27.84M | -$15.59M | $21.78M | $11.31M | $15.86M | $15.22M | $16.56M | $16.98M |
| YoY Growth | -63.0% | -283.1% | 21.7% | -183.9% | -7.0% | -52.7% | -278.7% | -171.6% | 92.5% | -28.7% | 4.2% | -8.1% | -2.4% | - |
| Cost of Revenue | $1.76M | $1.81M | $1.71M | $1.78M | $2.24M | $2.21M | $2.26M | $2.28M | $2.45M | $2.36M | $2.52M | $0 | $0 | $0 |
| Gross Profit | $6.71M | $21.07M | -$14.2M | -$12.05M | $10M | $10.98M | $25.58M | -$17.86M | $19.33M | $8.96M | $13.34M | $15.22M | $16.56M | $16.98M |
| Gross Margin | 79.2% | 92.1% | 113.7% | 117.4% | 81.7% | 83.4% | 91.9% | 114.6% | 88.8% | 79.1% | 84.1% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $4 | $0 | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $614K | $565K | $2.03M | $404K | $464K | $479K | $448K | $443K | $467K | $2.56M | $2.72M | $2.97M | $3.25M | $3.31M |
| Other | -$14.65M | $1.51M | $0 | -$63K | $2.01M | $1.97M | -$93K | -$95K | -$104K | $0 | -$16.19M | $0 | $0 | $0 |
| Total Operating Expenses | -$14.04M | $2.08M | $2.03M | $341K | $2.47M | $2.45M | $355K | $348K | $363K | $6.75M | $16.19M | $8.1M | $44.24M | $34.32M |
| Operating Income (EBIT) | $20.75M | $16.14M | $12.89M | -$37.59M | -$4.6M | $9.11M | $27.49M | -$15.93M | $21.41M | $22.51M | -$2.85M | $12.26M | $13.31M | $13.66M |
| Operating Margin | 245.0% | 70.6% | -103.2% | 366.2% | -37.6% | 69.2% | 98.7% | 102.2% | 98.3% | 199.0% | -17.9% | 80.5% | 80.3% | 80.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $13.31M | $20.92M | $14.63M | $12.66M | $11.58M | $10.9M | $12.89M | $12.62M | $14.66M | $0 | $0 | $0 | $52K | $0 |
| Other Income (Expense) | $383K | $228K | $4.1M | -$33K | -$24K | -$40K | $0 | $2.28M | $9.25M | -$45K | -$15.34M | -$5.13M | -$41.04M | $22K |
| Income Before Tax (EBT) | $21.13M | $16.37M | $16.99M | -$37.59M | -$4.63M | $9.11M | $27.49M | -$15.93M | $21.41M | $22.47M | -$2.86M | $7.12M | -$27.73M | $51.3M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $12.13M | $0 | $12.48M | $0 | $0 | $37.64M |
| Net Income | $21.13M | $16.37M | $16.99M | -$37.59M | -$4.63M | $9.11M | $27.49M | -$15.93M | $21.41M | $22.47M | -$2.86M | $7.12M | -$27.73M | $51.3M |
| Net Income Margin | 249.5% | 71.5% | -136.0% | 366.2% | -37.8% | 69.2% | 98.7% | 102.2% | 98.3% | 198.6% | -18.0% | 46.8% | -167.4% | 302.2% |
| Supplementary Data | ||||||||||||||
| EPS | 1.04 | 0.81 | 0.84 | -1.84 | -0.23 | 0.45 | 1.35 | -0.78 | 1.02 | 1.06 | -0.13 | 0.31 | -1.20 | 2.17 |
| Diluted EPS | 1.04 | 0.81 | 0.84 | -1.84 | -0.23 | 0.45 | 1.35 | -0.76 | 1.02 | 1.06 | -0.13 | 0.31 | -1.20 | 2.17 |
| Weighted Average OS | 20.23M | 20.19M | 20.19M | 20.39M | 20.39M | 20.39M | 20.39M | 20.39M | 20.86M | 21.20M | 21.50M | 22.61M | 23.18M | 23.67M |
| EBITDA | $21.13M | $16.14M | $12.89M | -$37.59M | -$4.6M | $9.15M | $10.62M | $0 | $12.16M | $22.51M | $12.48M | $7.24M | -$27.74M | $51.28M |
| EBITDA Margin | 249.5% | 70.6% | -103.2% | 366.2% | -37.6% | 69.5% | 38.2% | - | 55.9% | 199.0% | 78.7% | 47.6% | -167.5% | 302.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $117K | $251K | $0 | $310K | $25K | $24K | $67K | $8K | $278K | $62K | $1.33M | $3.08M | $1.18M | $989K |
| Short-Term Investments | $6.09M | $2.4M | $7.42M | $0 | $0 | $12.01M | $0 | $0 | $18.76M | $9.88M | $26.28M | $0 | $0 | $23.14M |
| Cash and Short-Term Investments | $6.21M | $2.65M | $7.42M | $310K | $25K | $12.04M | $67K | $8K | $19.04M | $9.94M | $27.61M | $3.08M | $1.18M | $24.13M |
| Accounts Receivable | $3.83M | $4.53M | $3.02M | $4.92M | $3.16M | $3.02M | $3.25M | $3.54M | $4.32M | $3.94M | $3.48M | $3.73M | $5.89M | $9.25M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $19.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$4.53M | -$5.23M | -$274K | -$20K | -$15.06M | -$19.48M | $1.33M | $11.53M | $3.33M | $17.91M | $17.58M | $26.13M | -$33.39M |
| Total Current Assets | $10.04M | $2.65M | $5.21M | $4.96M | $3.17M | $0 | $3.32M | $3.55M | $4.32M | $7.33M | $22.71M | $24.4M | $33.2M | $33.39M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $152.15M | $153.74M | $154.54M | $153.73M | $205.46M | $218.73M | $219.33M | $198.97M | $239.99M | $213.58M | $208.56M | $222.91M | $259.55M | $315.03M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.3M | $158M | $25K | $158.32M | $208.62M | $0 | $0 | -$198.97M | -$239.99M | $8.12M | $8.64M | $19.66M | $574K | $4K |
| Total Long-Term Assets | $153.46M | $153.74M | $154.57M | $153.73M | $205.46M | $218.73M | $219.33M | $198.97M | $239.99M | $221.7M | $217.21M | $242.57M | $260.13M | $315.04M |
| Other Assets | $0 | $2.14M | $0 | $23K | $26K | $221.78M | $19K | $19K | $20K | $0 | $0 | $0 | $0 | $348.42M |
| Total Assets | $163.5M | $158.53M | $159.78M | $158.71M | $208.65M | $221.78M | $222.68M | $202.53M | $244.32M | $229.03M | $239.92M | $266.97M | $293.33M | $348.42M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $3.31M | $5.35M | $4.04M | $2.45M | $2.55M | $2.14M | $2.65M | $2.65M | $2.92M | $0 | $0 | $0 | $2.06M | $0 |
| Short-Term Debt | $0 | $0 | $52K | $800K | $3.79M | $3.09M | $0 | $0 | $0 | $47K | $18.9M | $20.31M | $25.99M | $12.01M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $1.65M | -$1.25M | -$948K | -$1.53M | $1.31M | -$8.61M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$188K | $228K | -$2.45M | -$2.81M | $729K | $1.27M | -$4.21M | -$3.21M | $7M | $3.92M | $3.39M | $10.66M | $5.3M |
| Total Current Liabilities | $3.53M | $5.35M | $4.71M | $2.45M | $2.55M | $5.48M | $2.65M | $2.65M | $2.92M | $7.3M | $23.04M | $23.97M | $38.95M | $12.01M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.33M | $406K | $466K | $572K | $410K | $912K | $0 | $0 | $0 | $149K | $68K | $0 | $0 | $26.77M |
| Total Long-Term Liabilities | $4.33M | $406K | $466K | $572K | $410K | $912K | $7.58M | $4.33M | $11.53M | $7.41M | $23.11M | $0 | $0 | $26.77M |
| Other Liabilities | $0 | $0 | $0 | -$398K | $0 | -$6.39M | -$2.65M | -$2.65M | $484K | -$7.26M | -$23.04M | $0 | $0 | $21.47M |
| Total Liabilities | $4.33M | $5.97M | $5.18M | $4.49M | $7.06M | $6.39M | $7.58M | $4.33M | $14.94M | $7.45M | $23.11M | $23.97M | $38.95M | $38.78M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $202K | $202K | $202K | $204K | $204K | $204K | $204K | $204K | $209K | $210K | $215K | $226K | $232K | $237K |
| Retained Earnings | -$72.58M | -$79.27M | -$77.16M | -$79.22M | -$31.84M | -$18.05M | -$19.64M | -$36.53M | $875K | -$15.2M | -$10.61M | -$11.95M | -$6.04M | $276K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.47M | -$3.52M | -$17.3M | $0 | -$0 | $44.1M |
| Other Stockholders' Equity | $231.54M | $231.62M | $231.55M | $233.23M | $233.23M | $233.23M | $234.53M | $234.53M | $228.3M | $236.57M | $227.21M | $254.7M | $260.16M | $309.13M |
| Total Equity | $159.16M | $152.56M | $154.6M | $154.21M | $201.59M | $215.39M | $215.09M | $198.2M | $229.38M | $221.58M | $216.81M | $242.97M | $254.35M | $309.64M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $163.5M | $158.53M | $159.78M | $158.71M | $208.65M | $221.78M | $222.68M | $202.53M | $244.32M | $229.03M | $239.92M | $266.94M | $293.3M | $348.42M |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $0 | $52K | $800K | $3.79M | $3.09M | $4.18M | $1.34M | $11.53M | $47K | $18.9M | $20.31M | $25.99M | $12.01M |
| Net Debt | -$117K | -$251K | $52K | $490K | $3.77M | $3.06M | $4.12M | $1.33M | $11.26M | -$15K | $17.57M | $17.22M | $24.81M | $11.02M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $21.13M | $16.37M | $16.99M | -$37.59M | -$4.63M | $9.11M | $27.49M | -$15.93M | $21.41M | $22.47M | -$2.86M | $7.12M | -$27.73M | $51.3M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$21.13M | -$16.37M | -$16.99M | $37.59M | $4.63M | -$9.11M | -$27.49M | $15.93M | -$21.41M | -$22.47M | $2.86M | -$7.12M | $27.73M | -$51.3M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $285K | $1K | -$117K | $133K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $25K | $24K | $141K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $310K | $25K | $24K | $141K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |