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

Nuveen Churchill Direct Lending's Equity Ratio history runs 5 years deep, the most recent figure standing at 0.42 for Q1 2026.

• In Q1 2026, Equity Ratio changed 0.4% year-over-year to 0.42; the TTM figure through Mar 2026 stood at 0.42 (changed 0.4% YoY), while the FY2025 annual figure was 0.43, down 5.89% from the prior year.
• Equity Ratio came in at 0.42 for Q1 2026 at Nuveen Churchill Direct Lending, down from 0.43 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.53 in Q1 2024 to a low of 0.39 in Q1 2023.
• A 5-year average of 0.44 and a median of 0.43 in 2025 frame the typical range for Equity Ratio.
• Across the five-year window, Equity Ratio jumped 35.8% in 2024 and decreased 20.44% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Equity Ratio stood at 0.42 in 2022, then rose by 3.21% to 0.43 in 2023, then rose by 4.75% to 0.45 in 2024, then fell by 5.89% to 0.43 in 2025, then slipped by 0.99% to 0.42 in 2026.
• According to Business Quant data, Equity Ratio over the past three periods registered 0.42, 0.43, and 0.43 for Q1 2026, Q4 2025, and Q3 2025 respectively.

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