MSC INCOME FUND INC Financials
This page shows MSC INCOME FUND INC (MSIF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
MSC INCOME FUND INC passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, MSC INCOME FUND INC generates $-0.50 in operating cash flow (-$28.1M OCF vs $56.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
MSC INCOME FUND INC reported $56.6M in net income in fiscal year 2024. This represents a decrease of 14.6% from the prior year.
MSC INCOME FUND INC earned $1.43 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 0.7% from the prior year.
MSC INCOME FUND INC held $28.4M in cash against $565.1M in long-term debt as of fiscal year 2024.
MSC INCOME FUND INC paid $1.45 per share in dividends in fiscal year 2024. This represents an increase of 3.6% from the prior year.
MSC INCOME FUND INC had 40M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
MSC INCOME FUND INC's ROE was 9.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.
MSC INCOME FUND INC spent $20.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 15.2% from the prior year.
MSIF Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.3M+3.8% | $1.3M | N/A | $1.1M | N/A | $941K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $8.6M-16.6% | $10.4M | N/A | $9.4M | N/A | $6.8M |
| Income Tax | $0 | $0 | N/A | -$27K | N/A | $722K |
| Net Income | $26.5M+259.9% | $7.4M | N/A | $13.4M | N/A | $15.3M |
| EPS (Diluted) | $0.35+9.4% | $0.32 | N/A | $0.18 | N/A | $0.16 |
MSIF Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Total Assets | $1.3B+6.0% | $1.2B+7.4% | $1.1B-1.1% | $1.2B+4.1% | $1.1B | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $18.1M-36.3% | $28.4M-7.8% | $30.8M+33.2% | $23.1M+8.4% | $21.3M+17.4% | $18.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $563.7M-6.0% | $599.8M+15.9% | $517.6M-4.0% | $539.3M+8.4% | $497.5M | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $528.7M-6.5% | $565.1M+16.6% | $484.8M-4.1% | $505.8M+7.5% | $470.5M | N/A |
| Total Equity | $734.4M+17.5% | $624.9M+0.4% | $622.3M+1.4% | $613.6M+0.6% | $609.7M0.0% | $609.7M |
| Retained Earnings | -$56.9M+12.1% | -$64.7M-1.3% | -$63.9M+10.9% | -$71.7M+3.8% | -$74.6M | N/A |
MSIF Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.7M+199.9% | -$14.7M-135.6% | $41.3M+511.3% | -$10.0M-121.5% | $46.6M+136.0% | $19.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$24.9M-325.7% | -$5.9M+82.6% | -$33.6M-1190.7% | $3.1M+107.1% | -$43.4M-275.1% | -$11.6M |
| Dividends Paid | $17.0M+17.5% | $14.5M+2.7% | $14.1M+0.7% | $14.0M+9.4% | $12.8M0.0% | $12.8M |
| Share Buybacks | $2.5M-35.9% | $4.0M-42.5% | $6.9M-2.1% | $7.0M+75.9% | $4.0M-1.1% | $4.0M |
MSIF Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 3.6%+2.4pp | 1.2% | N/A | 2.2% | N/A | 2.5% |
| Return on Assets | 2.0%+1.4pp | 0.6% | N/A | 1.2% | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.72-0.2 | 0.90+0.1 | 0.78-0.0 | 0.82+0.1 | 0.77 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is MSC INCOME FUND INC profitable?
Yes, MSC INCOME FUND INC (MSIF) reported a net income of $56.6M in fiscal year 2024.
What is MSC INCOME FUND INC's earnings per share (EPS)?
MSC INCOME FUND INC (MSIF) reported diluted earnings per share of $1.43 for fiscal year 2024. This represents a -0.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does MSC INCOME FUND INC have?
As of fiscal year 2024, MSC INCOME FUND INC (MSIF) had $28.4M in cash and equivalents against $565.1M in long-term debt.
Does MSC INCOME FUND INC pay dividends?
Yes, MSC INCOME FUND INC (MSIF) paid $1.45 per share in dividends during fiscal year 2024.
What is MSC INCOME FUND INC's return on equity (ROE)?
MSC INCOME FUND INC (MSIF) has a return on equity of 9.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is MSC INCOME FUND INC's operating cash flow?
MSC INCOME FUND INC (MSIF) generated -$28.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are MSC INCOME FUND INC's total assets?
MSC INCOME FUND INC (MSIF) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.
Does MSC INCOME FUND INC buy back shares?
Yes, MSC INCOME FUND INC (MSIF) spent $20.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does MSC INCOME FUND INC have outstanding?
MSC INCOME FUND INC (MSIF) had 40M shares outstanding as of fiscal year 2024.
What is MSC INCOME FUND INC's debt-to-equity ratio?
MSC INCOME FUND INC (MSIF) had a debt-to-equity ratio of 0.90 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is MSC INCOME FUND INC's return on assets (ROA)?
MSC INCOME FUND INC (MSIF) had a return on assets of 4.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is MSC INCOME FUND INC's cash runway?
Based on fiscal year 2024 data, MSC INCOME FUND INC (MSIF) had $28.4M in cash against an annual operating cash burn of $28.1M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is MSC INCOME FUND INC's Piotroski F-Score?
MSC INCOME FUND INC (MSIF) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MSC INCOME FUND INC's earnings high quality?
MSC INCOME FUND INC (MSIF) has an earnings quality ratio of -0.50x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.