Nuveen Churchill Direct Lending (NCDL) Non Operating Interest Expenses (2022 - 2026)
Nuveen Churchill Direct Lending's (NCDL) quarterly Non Operating Interest Expenses came in at $16.6 million in Q2 2026, down 17.61% year-over-year from $20.1 million in Q2 2025, and down 6.67% quarter-over-quarter from $17.7 million in Q1 2026.
Analysis
Nuveen Churchill Direct Lending (NCDL) Non Operating Interest Expenses (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has disclosed Non Operating Interest Expenses across 5 years of filings, most recently posting $16.6 million for Q2 2026.
- In Q2 2026, Non Operating Interest Expenses fell 17.61% year-over-year to $16.6 million; the TTM figure through Jun 2026 stood at $71.5 million (down 15.89% YoY), while the FY2025 annual figure was $77.9 million, down 2.48% from the prior year.
- Non Operating Interest Expenses came in at $16.6 million for Q2 2026 at Nuveen Churchill Direct Lending, down from $17.7 million in the prior quarter.
- In the past five years, Non Operating Interest Expenses ranged from a high of $23.2 million in Q3 2024 to a low of $3.0 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $15.5 million, with a median of $17.3 million recorded in 2024.
- Year-over-year, Non Operating Interest Expenses soared 321.81% in 2023 and slipped 17.61% in 2026.
- Over 5 years, Non Operating Interest Expenses stood at $11.1 million in 2022, then surged by 62.69% to $18.1 million in 2023, then gained by 16.02% to $21.0 million in 2024, then decreased by 14.62% to $17.9 million in 2025, then declined by 7.7% to $16.6 million in 2026.
- Per Business Quant data, the three most recent Non Operating Interest Expenses figures were $16.6 million in Q2 2026, $17.7 million in Q1 2026, and $17.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 214.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 101.07 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | - |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | - |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 108.79 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 28.13 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 39.60 Mn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 25.03 Mn |
| 10 | Nuveen Churchill Direct Lending | 604.00 Mn | 563.24 Mn | - | 16.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.57 Mn |
| Mar 31, 2026 | 17.75 Mn |
| Dec 31, 2025 | 17.95 Mn |
| Sep 30, 2025 | 19.21 Mn |
| Jun 30, 2025 | 20.11 Mn |
| Mar 31, 2025 | 20.64 Mn |
| Dec 31, 2024 | 21.02 Mn |
| Sep 30, 2024 | 23.20 Mn |
| Jun 30, 2024 | 18.72 Mn |
| Mar 31, 2024 | 16.94 Mn |
| Dec 31, 2023 | 18.12 Mn |
| Sep 30, 2023 | 16.05 Mn |
| Jun 30, 2023 | 14.30 Mn |
| Mar 31, 2023 | 12.74 Mn |
| Dec 31, 2022 | 11.14 Mn |
| Sep 30, 2022 | 7.30 Mn |
| Jun 30, 2022 | 4.24 Mn |
| Mar 31, 2022 | 3.02 Mn |