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

Nuveen Churchill Direct Lending's Debt Ratio history spans 4 years, with the latest figure at 0.54 for Q4 2025.

  • On a quarterly basis, Debt Ratio rose 4.98% to 0.54 in Q4 2025 year-over-year; TTM through Dec 2025 was 0.54, a 4.98% increase, with the full-year FY2025 number at 0.54, up 4.98% from a year prior.
  • Debt Ratio hit 0.54 in Q4 2025 for Nuveen Churchill Direct Lending, roughly flat from 0.54 in the prior quarter.
  • Over the last five years, Debt Ratio for NCDL hit a ceiling of 0.58 in Q2 2023 and a floor of 0.44 in Q1 2024.
  • Historically, Debt Ratio has averaged 0.53 across 4 years, with a median of 0.54 in 2025.
  • Biggest five-year swings in Debt Ratio: dropped 24.66% in 2024 and later increased 26.71% in 2025.
  • Tracing NCDL's Debt Ratio over 4 years: stood at 0.56 in 2022, then decreased by 2.27% to 0.55 in 2023, then decreased by 5.2% to 0.52 in 2024, then increased by 4.98% to 0.54 in 2025.
  • Business Quant data shows Debt Ratio for NCDL at 0.54 in Q4 2025, 0.54 in Q3 2025, and 0.54 in Q2 2025.