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

Nuveen Churchill Direct Lending's Equity Ratio history spans 4 years, with the latest figure at 0.43 for Q4 2025.

  • On a quarterly basis, Equity Ratio fell 5.89% to 0.43 in Q4 2025 year-over-year; TTM through Dec 2025 was 0.43, a 5.89% decrease, with the full-year FY2025 number at 0.43, down 5.89% from a year prior.
  • Equity Ratio hit 0.43 in Q4 2025 for Nuveen Churchill Direct Lending, down from 0.43 in the prior quarter.
  • Over the last five years, Equity Ratio for NCDL hit a ceiling of 0.53 in Q1 2024 and a floor of 0.39 in Q1 2023.
  • Historically, Equity Ratio has averaged 0.44 across 4 years, with a median of 0.43 in 2025.
  • Biggest five-year swings in Equity Ratio: surged 35.8% in 2024 and later fell 20.44% in 2025.
  • Tracing NCDL's Equity Ratio over 4 years: 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.
  • Business Quant data shows Equity Ratio for NCDL at 0.43 in Q4 2025, 0.43 in Q3 2025, and 0.43 in Q2 2025.