Nuveen Churchill Direct Lending (NCDL) Asset Utilization Ratio (2023 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Asset Utilization Ratio of 0.09 for Q1 2026, down 6.11% on a YoY basis from 0.1 in Q1 2025, and down 3.78% sequentially from 0.1 in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Asset Utilization Ratio (2023 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 4 years of Asset Utilization Ratio data on file, last reported at 0.09 in Q1 2026.
- For the quarter ending Q1 2026, Asset Utilization Ratio fell 6.11% year-over-year to 0.09; the trailing twelve-month figure through Mar 2026 stood at 0.09 (down 6.11% YoY), and the FY2025 full-year result was 0.09, down 15.16% from the prior year.
- Asset Utilization Ratio slipped to 0.09 in Q1 2026, from 0.1 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.1 in Q2 2025 to a low of 0.08 in Q1 2023.
- A 4-year average of 0.1 and a median of 0.1 in 2023 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio grew 22.71% in 2024 and retreated 6.11% in 2026, its largest moves.
- Tracing NCDL's Asset Utilization Ratio over 4 years: stood at 0.1 in 2023, then grew by 4.06% to 0.1 in 2024, then declined by 1.1% to 0.1 in 2025, then dropped by 3.78% to 0.09 in 2026.
- Business Quant data shows NCDL's Asset Utilization Ratio at 0.09 in Q1 2026, 0.1 in Q4 2025, and 0.1 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 0.15 |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 0.31 |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 0.06 |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 0.04 |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 0.15 |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 0.03 |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 0.15 |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 0.52 |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 0.09 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.10 |
| Sep 30, 2025 | 0.10 |
| Jun 30, 2025 | 0.10 |
| Mar 31, 2025 | 0.10 |
| Dec 31, 2024 | 0.10 |
| Sep 30, 2024 | 0.10 |
| Jun 30, 2024 | 0.09 |
| Mar 31, 2024 | 0.10 |
| Dec 31, 2023 | 0.10 |
| Sep 30, 2023 | 0.10 |
| Jun 30, 2023 | 0.09 |
| Mar 31, 2023 | 0.08 |