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

Nuveen Churchill Direct Lending has disclosed Equity Ratio across 5 years of filings, most recently posting 0.42 for Q1 2026.

• Equity Ratio for Q1 2026 came in at 0.42, changed 0.4% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.42 (changed 0.4% YoY), and the FY2025 annual result 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.
• The 5-year median for Equity Ratio is 0.43 (2025), against an average of 0.44.
• Across the five-year window, Equity Ratio soared 35.8% in 2024 and retreated 20.44% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Equity Ratio stood at 0.42 in 2022, then increased by 3.21% to 0.43 in 2023, then increased by 4.75% to 0.45 in 2024, then declined by 5.89% to 0.43 in 2025, then decreased by 0.99% to 0.42 in 2026.
• The last three Equity Ratio figures came in at 0.42 (Q1 2026), 0.43 (Q4 2025), and 0.43 (Q3 2025), per Business Quant data.