Nuveen Churchill Direct Lending (NCDL) Interest Payable (2019 - 2026)
Nuveen Churchill Direct Lending (NCDL) recorded Interest Payable of $7.03 million in Q3 2026, down 36.0% from $10.98 million a year earlier and down 51.0% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Interest Payable (2019 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending reported Interest Payable of $15.35 million, up 18.4% from FY2024.
- Annual Interest Payable has increased for three straight years, with a three-year compound annual growth rate of 20.3% (FY2022 to FY2025).
- Across earlier years, Interest Payable came in at $12.97 million in FY2024 (+31.8%), $9.84 million in FY2023 (+11.6%) and $8.81 million in FY2022.
- The Q3 2026 figure is the lowest quarterly Interest Payable in data going back to Q4 2022.
- On a year-over-year basis, Interest Payable has declined for three consecutive quarters, with an average decline of 9.2% over the last eight quarters.
- Peak year-over-year performance for Interest Payable in the last five years was growth of 88.1% in Q2 2024, against a decline of 36.0% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $14.36 million (Q2 2026), $8.39 million (Q1 2026) and $15.35 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Payable (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - | 7.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.03 Mn |
| Jun 30, 2026 | 14.36 Mn |
| Mar 31, 2026 | 8.39 Mn |
| Dec 31, 2025 | 15.35 Mn |
| Sep 30, 2025 | 10.98 Mn |
| Jun 30, 2025 | 20.14 Mn |
| Mar 31, 2025 | 10.42 Mn |
| Dec 31, 2024 | 12.97 Mn |
| Sep 30, 2024 | 15.46 Mn |
| Jun 30, 2024 | 21.29 Mn |
| Mar 31, 2024 | 11.02 Mn |
| Dec 31, 2023 | 9.84 Mn |
| Sep 30, 2023 | 12.62 Mn |
| Jun 30, 2023 | 11.32 Mn |
| Mar 31, 2023 | 10.16 Mn |
| Dec 31, 2022 | 8.81 Mn |
| Sep 30, 2022 | 7.74 Mn |
| Jun 30, 2022 | 2.55 Mn |
| Mar 31, 2022 | 2.25 Mn |
| Dec 31, 2021 | 2.07 Mn |
API Access
Nuveen Churchill Direct Lending Interest Payable API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-payable&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-payable", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-payable&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();