Nuveen Churchill Direct Lending (NCDL) Debt Ratio (2022 - 2026)

Nuveen Churchill Direct Lending's Debt Ratio history runs 5 years deep, the most recent figure standing at 0.56 for Q1 2026.

• In Q1 2026, Debt Ratio rose 0.59% year-over-year to 0.56; the TTM figure through Mar 2026 stood at 0.56 (up 0.59% YoY), while the FY2025 annual figure was 0.54, up 4.98% from the prior year.
• Debt Ratio came in at 0.56 for Q1 2026 at Nuveen Churchill Direct Lending, up from 0.54 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.58 in Q2 2023 to a low of 0.44 in Q1 2024.
• A 5-year average of 0.54 and a median of 0.54 in 2025 frame the typical range for Debt Ratio.
• Across the five-year window, Debt Ratio fell 24.66% in 2024 and grew 26.71% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Debt Ratio stood at 0.56 in 2022, then declined by 2.27% to 0.55 in 2023, then declined by 5.2% to 0.52 in 2024, then advanced by 4.98% to 0.54 in 2025, then increased by 2.33% to 0.56 in 2026.
• According to Business Quant data, Debt Ratio over the past three periods registered 0.56, 0.54, and 0.54 for Q1 2026, Q4 2025, and Q3 2025 respectively.

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