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

Nuveen Churchill Direct Lending (NCDL) has 5 years of Debt Ratio data on file, last reported at 0.56 in Q1 2026.

• For the quarter ending Q1 2026, Debt Ratio rose 0.59% year-over-year to 0.56; the trailing twelve-month figure through Mar 2026 stood at 0.56 (up 0.59% YoY), and the FY2025 full-year result was 0.54, up 4.98% from the prior year.
• Debt Ratio improved to 0.56 in Q1 2026, 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 declined 24.66% in 2024 and climbed 26.71% in 2025, its largest moves.
• Tracing NCDL's Debt Ratio over 5 years: stood at 0.56 in 2022, then slipped by 2.27% to 0.55 in 2023, then slipped by 5.2% to 0.52 in 2024, then rose by 4.98% to 0.54 in 2025, then climbed by 2.33% to 0.56 in 2026.
• Business Quant data shows NCDL's Debt Ratio at 0.56 in Q1 2026, 0.54 in Q4 2025, and 0.54 in Q3 2025.