Nuveen Churchill Direct Lending (NCDL) Liabilities and Shareholders Equity (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Liabilities and Shareholders Equity of $1.99 billion for Q2 2026, down 4.2% from $2.07 billion a year earlier and down 3.0% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Liabilities and Shareholders Equity (2022 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending's Liabilities and Shareholders Equity came in at $2.05 billion, down 4.2% from FY2024.
- Annual Liabilities and Shareholders Equity shows a three-year compound annual growth rate of 17.9% (FY2022 to FY2025).
- In prior years, Nuveen Churchill Direct Lending's Liabilities and Shareholders Equity was $2.14 billion in FY2024 (+23.9%), $1.73 billion in FY2023 (+38.0%) and $1.25 billion in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Liabilities and Shareholders Equity since Q1 2024.
- On a year-over-year basis, Liabilities and Shareholders Equity has declined in each of the last five quarters, with growth averaging 7.5% over the last eight quarters.
- The strongest year-over-year quarter for Liabilities and Shareholders Equity in the past five years was Q2 2024, with growth of 47.6%; the weakest was Q1 2026, with a decline of 5.7%.
- According to Business Quant data, Liabilities and Shareholders Equity for the three prior quarters was $2.05 billion (Q1 2026), $2.05 billion (Q4 2025) and $2.04 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 60.98 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 114.54 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 19.82 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 4,332.34 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 15.79 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 121.93 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 9.45 Bn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 143.74 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 30.50 Bn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 1.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 2.05 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Sep 30, 2025 | 2.04 Bn |
| Jun 30, 2025 | 2.07 Bn |
| Mar 31, 2025 | 2.17 Bn |
| Dec 31, 2024 | 2.14 Bn |
| Sep 30, 2024 | 2.14 Bn |
| Jun 30, 2024 | 2.08 Bn |
| Mar 31, 2024 | 1.88 Bn |
| Dec 31, 2023 | 1.73 Bn |
| Sep 30, 2023 | 1.54 Bn |
| Jun 30, 2023 | 1.41 Bn |
| Mar 31, 2023 | 1.32 Bn |
| Dec 31, 2022 | 1.25 Bn |
API Access
Nuveen Churchill Direct Lending Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();