Nuveen Churchill Direct Lending (NCDL) Cash & Equivalents (2018 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Cash & Equivalents of $4.3 million for Q3 2025, down 93.8% from $69.3 million a year earlier but up 34.1% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Cash & Equivalents (2018 - 2026) Analysis & Trends
At the end of FY2024, Nuveen Churchill Direct Lending's Cash & Equivalents came in at $43.25 million, down 35.8% from FY2023.
- Annual Cash & Equivalents shows a three-year compound annual growth rate of 7.1% (FY2021 to FY2024).
- In prior years, Nuveen Churchill Direct Lending's Cash & Equivalents was $67.4 million in FY2023 (+71.6%), $39.27 million in FY2022 (+11.6%) and $35.19 million in FY2021.
- Quarterly Cash & Equivalents has run from a low of $1.93 million in Q1 2025 to a high of $70.99 million in Q2 2024 over five years.
- On a year-over-year basis, Cash & Equivalents has declined in each of the last four quarters, with an average decline of 9.0% over the last eight quarters.
- The strongest year-over-year quarter for Cash & Equivalents in the past five years was Q1 2023, with growth of 112.3%; the weakest was Q1 2025, with a decline of 97.0%.
- According to Business Quant data, Cash & Equivalents for the three prior quarters was $3.21 million (Q2 2025), $1.93 million (Q1 2025) and $43.25 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 513.66 Mn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 2.70 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 7.17 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 10.92 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 15.90 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 2.07 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 184.54 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 722.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 2.18 Bn |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - | 3.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.58 Mn |
| Jun 30, 2026 | 5.00 Mn |
| Mar 31, 2026 | 15.27 Mn |
| Dec 31, 2025 | 8.55 Mn |
| Sep 30, 2025 | 4.30 Mn |
| Jun 30, 2025 | 3.21 Mn |
| Mar 31, 2025 | 1.93 Mn |
| Dec 31, 2024 | 43.25 Mn |
| Sep 30, 2024 | 69.30 Mn |
| Jun 30, 2024 | 70.99 Mn |
| Mar 31, 2024 | 64.15 Mn |
| Dec 31, 2023 | 67.40 Mn |
| Sep 30, 2023 | 35.97 Mn |
| Jun 30, 2023 | 45.45 Mn |
| Mar 31, 2023 | 49.57 Mn |
| Dec 31, 2022 | 39.27 Mn |
| Sep 30, 2022 | 37.51 Mn |
| Jun 30, 2022 | 32.96 Mn |
| Mar 31, 2022 | 23.34 Mn |
| Dec 31, 2021 | 35.19 Mn |
API Access
Nuveen Churchill Direct Lending Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();