Nuveen Churchill Direct Lending (NCDL) Total Liabilities (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Total Liabilities of $1.14 billion for Q2 2026, down 4.0% from $1.19 billion a year earlier and down 3.8% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Total Liabilities (2022 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending's Total Liabilities came in at $1.18 billion, up 0.5% from FY2024.
- Annual Total Liabilities has increased for three consecutive years, with a three-year compound annual growth rate of 17.4% (FY2022 to FY2025).
- In prior years, Nuveen Churchill Direct Lending's Total Liabilities was $1.17 billion in FY2024 (+19.4%), $982.98 million in FY2023 (+34.8%) and $729 million in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Total Liabilities since Q2 2024.
- On a year-over-year basis, Total Liabilities increased in six of the last eight quarters, with growth averaging 11.3%.
- The strongest year-over-year quarter for Total Liabilities in the past five years was Q1 2025, with growth of 42.8%; the weakest was Q1 2026, with a decline of 5.4%.
- According to Business Quant data, Total Liabilities for the three prior quarters was $1.18 billion (Q1 2026), $1.18 billion (Q4 2025) and $1.16 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 37.43 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 84.49 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 10.03 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 4,215.85 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 10.31 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 105.03 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 1.82 Bn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 126.76 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 16.61 Bn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 1.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.14 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.18 Bn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.17 Bn |
| Sep 30, 2024 | 1.15 Bn |
| Jun 30, 2024 | 1.10 Bn |
| Mar 31, 2024 | 877.25 Mn |
| Dec 31, 2023 | 982.98 Mn |
| Sep 30, 2023 | 899.70 Mn |
| Jun 30, 2023 | 853.57 Mn |
| Mar 31, 2023 | 802.94 Mn |
| Dec 31, 2022 | 729.00 Mn |
API Access
Nuveen Churchill Direct Lending Total Liabilities 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=total-liabilities&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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=total-liabilities&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();