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MS-PQMorgan Stanley
$25.78$41.1B
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HomeStocksMS-PQBalance Sheet

Morgan Stanley (MS-PQ) Balance Sheet

30Y historyFree accessUpdated daily

The firm has bolstered its liquidity position significantly, with the current ratio improving to 1.61 in 2026Q1 compared to 0.72 in 2023Q4, while maintaining a disciplined debt-to-equity ratio of 3.42.

MS-PQ Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Nov'08Nov'07Nov'06Nov'05Nov'04Nov'03Nov'02Nov'01Nov'00Nov'99Nov'98Nov'97Dec'96
Total Current Assets1.08T654.69B487.75B542B546.39B596.37B571.97B424.48B410.58B370.36B364.57B365.78B417.36B453.93B432.67B295.27B305.33B248.72B270.32B317.87B328.48B308.63B174.36B63.74B68.83B64.04B52.85B45.59B43.45B38.48B5.64B
Cash & Short-Term Investments-------------------------------
Cash Only-------------------------------
Short-Term Investments-------------------------------
Accounts Receivable-------------------------------
Days Sales Outstanding-------------------------------
Inventory-------------------------------
Days Inventory Outstanding-------------------------------
Other Current Assets283.45B0000000000000-7.33B0000000000000000
Total Non-Current Assets511.63B765.58B727.32B651.7B633.84B591.77B543.9B470.95B442.95B481.37B450.38B421.68B384.15B378.77B348.29B454.63B502.37B522.75B406.45B727.54B792.71B589.89B572.97B539.11B460.67B418.59B368.43B321.37B274.14B263.81B36.77B
Property, Plant & Equipment04.16B23M23M4M16M21M00025M6.37B6.11B6.02B5.95B6.46B6.15B7.07B5.09B4.37B4.09B2.73B2.6B2.43B2.27B2.58B2.69B2.2B1.83B1.71B379.7M
Fixed Asset Turnover115.49x27.61x4484.57x3838.52x15619.50x3611.25x2365.57x---1441.16x5.65x5.92x5.85x5.14x5.80x5.81x4.00x10.58x18.82x16.98x16.93x14.74x14.36x14.28x17.01x16.80x15.69x16.97x15.91x23.78x
Goodwill17.11B16.73B16.71B16.71B16.65B16.83B11.63B7.14B6.69B6.6B6.58B6.58B6.59B6.59B6.65B6.69B6.74B7.16B2.26B3.02B2.79B2.21B1.87B00000000
Intangible Assets5.96B6.01B6.45B7.05B7.62B8.36B4.98B2.11B2.16B2.45B2.72B2.98B3.16B3.29B3.78B4.29B4.67B5.05B906M1.05B651M294M331M9.91B7.14B000000
Long-Term Investments1.82T552.48B374.86B286.63B290.3B269.07B223.22B174.6B146.7B128.09B111.57B91.21B70.71B47.55B70.35B285.87B316.04B305.62B288.77B388.02B410.63B284.9B508.7B485.7B384.37B380.97B328.93B281.54B265.76B255.61B34.58B
Other Non-Current Assets-------------------------------
Total Assets1.58T1.42T1.22T1.19T1.18T1.19T1.12T895.43B853.53B851.73B814.95B787.47B801.51B832.7B780.96B749.9B807.7B771.46B676.76B1.05T1.12T898.52B747.33B602.84B529.5B482.63B421.28B366.97B317.59B302.29B42.41B
Asset Turnover0.08x0.08x0.08x0.07x0.05x0.05x0.04x0.06x0.06x0.05x0.04x0.05x0.05x0.04x0.04x0.05x0.04x0.04x0.08x0.08x0.06x0.05x0.05x0.06x0.06x0.09x0.11x0.09x0.10x0.09x0.21x
Asset Growth %58.66%16.89%1.79%1.14%-0.67%6.48%24.62%4.91%0.21%4.51%3.49%-1.75%-3.75%6.63%4.14%-7.16%4.7%13.99%-35.26%-6.76%24.78%20.23%23.97%13.85%9.71%14.56%14.8%15.55%5.06%612.71%11.01%
Total Current Liabilities666.5B559.57B739.49B747.76B756.75B772.54B715.64B556.98B520.21B515.52B502.25B481.94B455.39B492.31B419.61B366.89B441.83B439.12B330.39B506.88B597.92B509.48B485.03B205.91B330.53B247.42B211.16B215.06B183.65B181.09B16.1B
Accounts Payable259.29B415.52B175.94B208.15B216.13B228.69B227.44B197.83B179.56B191.51B190.51B186.63B181.07B157.13B127.72B123.61B129.18B125.08B128.51B215.63B147.29B120.37B120.2B00000004.05B
Days Payables Outstanding-------------------------------
Short-Term Debt22.67B144.05B71.71B71.57B67.67B72.53B64.73B63.87B53.34B59.98B57B40.3B73.61B152.05B125.45B177.61B232.31B230.98B150.53B260.07B422.29B370.44B471.26B193.08B316.77B235.15B199.23B204.66B175.46B172.09B9.68B
Deferred Revenue (Current)0------------------------------
Other Current Liabilities356.78B0487.9B463.68B472.95B471.33B423.48B295.28B287.31B264.04B254.74B255.01B200.71B183.14B166.43B65.66B63.81B62.22B51.35B31.18B28.34B18.66B-106.43B12.84B13.76B12.28B11.93B10.4B8.2B8.99B2.37B
Current Ratio1.61x1.17x0.66x0.72x0.72x0.77x0.80x0.76x0.79x0.72x0.73x0.76x0.92x0.92x1.03x0.80x0.69x0.57x0.82x0.63x0.55x0.61x0.36x0.31x0.21x0.26x0.25x0.21x0.24x0.21x0.35x
Quick Ratio1.61x1.17x0.66x0.72x0.72x0.77x0.80x0.76x0.79x0.72x0.73x0.76x0.92x0.92x1.03x0.80x0.69x0.57x0.82x0.63x0.55x0.61x0.36x0.31x0.21x0.26x0.25x0.21x0.24x0.21x0.35x
Cash Conversion Cycle-------------------------------
Total Non-Current Liabilities799.54B748.05B370.15B345.95B322.25B309B297.07B255.75B251.92B257.74B235.52B229.34B274.02B271.36B295.93B312.93B300.46B279.56B296.92B507.26B487.91B359.86B234.09B369.25B175.87B213.28B190.45B134.5B118.42B106.25B21.15B
Long-Term Debt371.57B327.33B288.78B267.47B241.08B232.83B218.8B197.66B195.55B200.3B174.46B161.8B163.46B163.56B184.66B204.68B202.4B201.45B179.84B190.62B144.98B110.47B95.29B65.6B55.16B49.67B42.05B28.6B27.43B24.79B17.94B
Capital Lease Obligations0------------------------------
Deferred Tax Liabilities0------------------------------
Other Non-Current Liabilities-------------------------------
Total Liabilities1.47T1.31T1.11T1.09T1.08T1.08T1.01T812.73B772.13B773.27B737.77B711.28B729.41B763.67B715.53B679.82B742.29B718.68B627.31B1.01T1.09T869.34B719.13B575.17B506.4B460.7B401.61B349.55B302.07B287.33B37.25B
Total Debt394.23B475.56B360.49B339.04B308.75B305.36B283.53B261.52B248.89B260.28B251.72B221.41B237.07B315.61B310.11B382.29B434.72B432.43B330.36B450.7B567.26B480.91B566.54B258.68B371.93B284.81B241.28B233.26B202.89B196.88B27.62B
Net Debt260.7B363.87B284.75B280.38B216B218.52B216.08B211.87B197.05B214.11B208.34B167.33B149.67B217.18B232.76B306.04B368.22B376.73B227.65B363.49B517.09B411.36B533.73B228.98B342.72B258.22B222.46B220.94B186.01B188.63B25.62B
Debt / Equity3.42x4.22x3.42x3.39x3.05x2.86x2.75x3.16x3.06x3.32x3.26x2.91x3.29x4.57x4.74x5.46x6.65x8.19x6.68x14.41x16.04x16.48x20.09x9.35x16.10x12.99x12.27x13.40x13.07x13.17x5.35x
Debt / EBITDA14.12x17.87x15.84x21.10x17.07x12.78x15.59x18.76x19.03x21.41x23.78x22.30x49.89x52.00x142.45x50.88x57.07x183.70x161.31x138.63x57.07x67.44x74.32x43.32x68.62x44.41x26.08x28.21x34.04x42.69x16.96x
Net Debt / EBITDA9.33x13.67x12.51x17.45x11.94x9.15x11.88x15.19x15.06x17.61x19.68x16.85x31.50x35.79x106.92x40.73x48.34x160.04x111.16x111.81x52.02x57.69x70.02x38.35x63.23x40.26x24.04x26.72x31.21x40.90x15.74x
Interest Coverage0.47x0.45x0.39x0.31x1.15x14.40x3.75x0.91x1.11x1.83x2.67x3.10x0.98x1.03x0.10x0.89x0.97x0.17x0.03x0.05x0.22x0.27x0.46x0.42x0.39x0.27x0.47x0.62x0.40x0.40x0.99x
Total Equity115.38B112.65B105.43B99.98B101.23B106.6B103.15B82.7B81.41B78.47B77.18B76.18B72.1B69.03B65.43B70.08B65.41B52.78B49.46B31.27B35.36B29.18B28.21B27.68B23.09B21.93B19.67B17.41B15.52B14.96B5.16B
Equity Growth %27.48%6.85%5.45%-1.23%-5.03%3.34%24.73%1.59%3.75%1.67%1.3%5.66%4.45%5.51%-6.64%7.14%23.92%6.72%58.16%-11.58%21.18%3.46%1.91%19.84%5.33%11.46%12.96%12.22%3.76%189.58%6.84%
Book Value per Share72.4370.7265.4460.7459.1058.7663.5250.4346.8443.0940.9039.0136.5835.2834.1041.8346.3544.5245.1429.6633.5327.0225.5225.1820.7919.5417.1815.0212.8012.288.17
Total Shareholders' Equity114.29B111.63B104.51B99.04B100.14B105.44B101.78B81.55B80.25B77.39B76.05B75.18B70.9B65.92B62.11B62.05B57.21B46.69B48.75B31.27B35.36B29.18B28.21B24.87B21.89B20.72B19.27B17.01B15.52B14.96B5.16B
Common Stock20M20M20M20M20M20M20M20M20M20M20M20M20M20M20M20M16M15M12M12M12M12M12M12M12M12M12M12M000
Retained Earnings118.91B115.09B104.99B98B94.86B89.43B78.69B70.59B64.17B57.58B53.68B49.2B44.63B42.17B39.91B40.34B38.6B35.06B36.15B38.05B41.42B35.19B31.43B28.04B25.25B23.27B20.8B16.29B12.08B9.33B2.97B
Treasury Stock-39.88B-38.1B-33.61B-31.14B-26.58B-17.5B-9.77B-18.73B-13.97B-9.21B-5.8B-4.06B-2.77B-2.97B-2.24B-2.5B-4.06B-6.04B-6.62B-9.59B-9.35B-8.21B-6.61B-6.77B-7.18B-6.93B-6.02B-4.36B000
Accumulated OCI-5.51B-6.29B-6.81B-6.42B-6.25B-3.1B-1.96B-2.79B-2.29B-3.06B-2.64B-1.66B-1.25B-1.09B-516M-157M-467M-560M-420M-199M-35M-190M1.29B-445M121M279M559M566M000
Minority Interest1.1B1.02B917M944M1.09B1.16B1.37B1.15B1.16B1.07B1.13B1B1.2B3.11B3.32B8.03B8.2B6.09B703M00002.81B1.21B1.21B400M400M000

Key Metrics

Growth RegimeExpanding
ProfitabilityStrong
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Regulatory and interest rate sensitivity

Verified Source

Metrics are mathematically derived from official filings.

SEC 8-K (2026Q1)

Asset Expansion Reflects Strategic Scaling

According to recent quarterly filings, Morgan Stanley has grown its total assets to $1.6 trillion in 2026Q1 from $1.2 trillion in 2023Q4, signaling a deliberate expansion of the firm's balance sheet capacity to support its diversified wealth management and institutional securities business model.

The consistent growth in total assets suggests that the firm is successfully capturing market share and deploying capital into its core segments. Investors should monitor whether this asset growth continues to outpace the firm's liability obligations, as maintaining this trajectory is essential for sustaining long-term profitability.

Leverage Management Amidst Capital Intensity

As reported in financial statements, the firm's debt-to-equity ratio fluctuated between 3.39 and 4.22 over the last ten quarters, with the most recent figure of 3.42 in 2026Q1 indicating a disciplined approach to managing leverage despite the capital-intensive nature of its institutional operations.

The firm appears to be utilizing debt strategically to fund its operations while maintaining a buffer that satisfies regulatory requirements. This level of leverage warrants further investigation to ensure that the firm's interest coverage remains robust during periods of market volatility or rising interest rate environments.

Liquidity Buffers Support Operational Resilience

Based on the provided data, the current ratio reached 1.61 in 2026Q1, a significant improvement from the 0.72 observed in 2023Q4, which suggests that the firm has substantially bolstered its liquidity position to better navigate potential shocks within its institutional and wealth management segments.

The sharp increase in cash reserves to $659.7 billion appears to provide a substantial cushion against short-term obligations. This liquidity profile suggests that the firm is prioritizing capital preservation, which may be a prudent response to the current macroeconomic uncertainty and regulatory scrutiny.

Retained Earnings Drive Equity Growth

As indicated by the latest quarterly data, retained earnings have steadily climbed to $118.9 billion in 2026Q1 from $98.0 billion in 2023Q4, demonstrating that the firm's internal capital generation remains a primary driver of its strengthening equity base over the observed period.

The consistent accumulation of retained earnings suggests that the firm is successfully reinvesting profits into its business while simultaneously supporting shareholder returns. This trend appears to reflect a stable and self-sustaining capital structure that reduces the firm's reliance on external financing for its ongoing growth initiatives.

MS-PQ — Frequently Asked Questions

Quick answers to the most common questions about buying MS-PQ stock.

What are the total assets of Morgan Stanley (MS-PQ)?

As of 2025, Morgan Stanley (MS-PQ) had total assets of $1.42T including $654.69B in current assets.

How much debt does Morgan Stanley (MS-PQ) have?

Morgan Stanley (MS-PQ) carries total debt of $475.56B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Morgan Stanley?

Morgan Stanley (MS-PQ) has total shareholders' equity (book value) of $111.63B ($70.72 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Morgan Stanley's current ratio and liquidity?

Morgan Stanley (MS-PQ) reported a current ratio of 1.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.