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

Nuveen Churchill Direct Lending has disclosed Debt Ratio across 5 years of filings, most recently posting 0.56 for Q1 2026.

• Debt Ratio for Q1 2026 came in at 0.56, up 0.59% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.56 (up 0.59% YoY), and the FY2025 annual result 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.
• The 5-year median for Debt Ratio is 0.54 (2025), against an average of 0.54.
• Across the five-year window, Debt Ratio declined 24.66% in 2024 and climbed 26.71% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Debt Ratio stood at 0.56 in 2022, then dropped by 2.27% to 0.55 in 2023, then dropped by 5.2% to 0.52 in 2024, then gained by 4.98% to 0.54 in 2025, then grew by 2.33% to 0.56 in 2026.
• The last three Debt Ratio figures came in at 0.56 (Q1 2026), 0.54 (Q4 2025), and 0.54 (Q3 2025), per Business Quant data.