Nuveen Churchill Direct Lending (NCDL) Debt to Equity (2022 - 2026)

Nuveen Churchill Direct Lending's Debt to Equity history spans 4 years, with the latest figure at $1.27 for Q4 2025.

  • On a quarterly basis, Debt to Equity rose 11.55% to $1.27 in Q4 2025 year-over-year; TTM through Dec 2025 was $1.27, a 11.55% increase, with the full-year FY2025 number at $1.27, up 11.55% from a year prior.
  • Debt to Equity hit $1.27 in Q4 2025 for Nuveen Churchill Direct Lending, up from $1.25 in the prior quarter.
  • Over the last five years, Debt to Equity for NCDL hit a ceiling of $1.48 in Q1 2023 and a floor of $0.82 in Q1 2024.
  • Historically, Debt to Equity has averaged $1.24 across 4 years, with a median of $1.26 in 2023.
  • Biggest five-year swings in Debt to Equity: plummeted 44.52% in 2024 and later soared 59.27% in 2025.
  • Tracing NCDL's Debt to Equity over 4 years: stood at $1.33 in 2022, then dropped by 5.32% to $1.26 in 2023, then decreased by 9.51% to $1.14 in 2024, then rose by 11.55% to $1.27 in 2025.
  • Business Quant data shows Debt to Equity for NCDL at $1.27 in Q4 2025, $1.25 in Q3 2025, and $1.26 in Q2 2025.