Nuveen Churchill Direct Lending Corp. (NCDL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 29.52M | 76.73M | 63.05M | 62.15M | 86.44M | 62.3M | 93.17M | 92.03M | 80.75M | 89M | 57.6M | 0 | 0 | 53.53M | 0 | 0 | 0 | 47.86M | 0 | 0 |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 29.3 | 38.14 | 40.13 | 66.01 | 47.24 | 40.73 | 36.71 | 45.62 | 39.11 | 40.59 | 52.93 | - | - | 65.12 | - | - | - | 89.03 | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 54.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -60.21M | -63.1M | 0 | -48.97M | -45.01M | -48.27M | 0 | -24.48M | -38.56M |
| Total Non-Current Assets | 1.98B | 1.98B | 1.98B | 2.01B | 2.09B | 2.08B | 2.05B | 1.99B | 1.79B | 1.64B | 1.48B | 0 | 0 | 1.2B | 2.84M | 2.78M | 2.72M | 773.06M | 2.64M | 543.66M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.98B | 1.98B | 11.06M | 18.85M | 8.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 2.05B | 2.05B | 2.04B | 2.07B | 2.17B | 2.14B | 2.14B | 2.08B | 1.88B | 1.73B | 1.54B | 1.41B | 1.32B | 1.25B | 1.15B | 1.03B | 879.45M | 820.92M | 683.01M | 543.66M |
| Asset Turnover | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.02x | 0.02x | 0.03x | 0.03x | 0.02x | 0.02x | 0.02x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x |
| Asset Growth % | -5.7% | -4.16% | -4.57% | -0.41% | 15.84% | 23.85% | 39.09% | 47.61% | 42.03% | 38.03% | 33.23% | 37.58% | 50.15% | 52.75% | 69.09% | 88.65% | 101.69% | 132.25% | 179.76% | 209.96% |
| Total Current Liabilities | 0 | 0 | 39.55M | 45.08M | 48.92M | 61.06M | 51.04M | 72.12M | 56.65M | 35.31M | 35.83M | 35M | 17.5M | 25.78M | 0 | 0 | 0 | 36.38M | 0 | 0 |
| Accounts Payable | 0 | 0 | 39.55M | 45.08M | 48.92M | 61.06M | 51.04M | 72.12M | 56.65M | 35.31M | 35.83M | 0 | 0 | 25.78M | 0 | 0 | 0 | 36.38M | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35M | 17.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35M | -17.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | - | 1.59x | 1.38x | 1.77x | 1.02x | 1.83x | 1.28x | 1.43x | 2.52x | 1.61x | - | - | 2.08x | - | - | - | 1.32x | - | - |
| Quick Ratio | - | - | 1.59x | 1.38x | 1.77x | 1.02x | 1.83x | 1.28x | 1.43x | 2.52x | 1.61x | - | - | 2.08x | - | - | - | 1.32x | - | - |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.18B | 1.18B | 1.12B | 1.14B | 1.2B | 1.11B | 1.1B | 1.02B | 820.61M | 947.67M | 863.87M | 818.57M | 785.44M | 703.23M | 684.15M | 599.85M | 476.78M | 410.49M | 370.05M | 0 |
| Long-Term Debt | 1.14B | 1.12B | 1.11B | 1.11B | 1.2B | 1.11B | 1.09B | 1.02B | 817.21M | 943.94M | 860.19M | 783.55M | 746.21M | 699.77M | 658.2M | 581.8M | 440.99M | 406.37M | 356.7M | 294.53M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.18B | 1.18B | 1.16B | 1.19B | 1.25B | 1.17B | 1.15B | 1.1B | 877.25M | 982.98M | 899.7M | 853.57M | 802.94M | 729M | 684.15M | 599.85M | 476.78M | 446.87M | 370.05M | 313.19M |
| Total Debt | 1.14B | 1.12B | 1.11B | 1.11B | 1.2B | 1.11B | 1.09B | 1.02B | 817.21M | 943.94M | 860.19M | 818.55M | 763.71M | 699.77M | 658.2M | 581.8M | 440.99M | 406.37M | 356.7M | 294.53M |
| Net Debt | 1.12B | 1.11B | 1.06B | 1.07B | 1.15B | 1.07B | 1.03B | 949.74M | 753.07M | 876.54M | 824.22M | 773.05M | 714.09M | 660.5M | 620.63M | 548.84M | 417.64M | 371.18M | 341.53M | 260.11M |
| Debt / Equity | 1.32x | 1.27x | 1.25x | 1.26x | 1.30x | 1.14x | 1.10x | 1.03x | 0.82x | 1.26x | 1.35x | 1.47x | 1.48x | 1.33x | 1.40x | 1.37x | 1.10x | 1.09x | 1.14x | 1.28x |
| Debt / EBITDA | 42.63x | 68.85x | 59.25x | 70.01x | 24.94x | 37.23x | 29.88x | 51.23x | 27.09x | 31.89x | 42.75x | 55.75x | 58.28x | 96.39x | 109.79x | 383.52x | 45.13x | 33.46x | 32.09x | 37.89x |
| Net Debt / EBITDA | 42.06x | 68.32x | 56.76x | 67.25x | 23.92x | 35.78x | 27.99x | 47.67x | 24.96x | 29.62x | 40.96x | 52.65x | 54.50x | 90.98x | 103.53x | 361.79x | 42.74x | 30.57x | 30.73x | 33.46x |
| Interest Coverage | 1.50x | 0.95x | 1.02x | 0.82x | 2.61x | 1.55x | 1.64x | 1.13x | 1.78x | 1.63x | 1.33x | 1.08x | 1.03x | 0.65x | 0.82x | - | - | - | - | - |
| Total Equity | 864.11M | 875.18M | 881.49M | 887.74M | 920.02M | 970.32M | 990.61M | 986.37M | 998.23M | 747.88M | 638.96M | 557.5M | 517.54M | 524.96M | 470.78M | 425.77M | 402.68M | 374.05M | 312.96M | 230.46M |
| Equity Growth % | -6.08% | -9.8% | -11.02% | -10% | -7.84% | 29.74% | 55.03% | 76.93% | 92.88% | 42.47% | 35.72% | 30.94% | 28.53% | 40.34% | 50.42% | 84.75% | 131.7% | 137.28% | 202.5% | 187.79% |
| Book Value per Share | 17.50 | 17.72 | 17.84 | 17.69 | 17.62 | 17.93 | 18.11 | 18.00 | 18.92 | 18.13 | 18.35 | 18.21 | 18.02 | 18.32 | 19.22 | 19.17 | 19.63 | 20.85 | 21.85 | 21.53 |
| Total Shareholders' Equity | 864.11M | 875.18M | 881.49M | 887.74M | 920.02M | 970.32M | 990.61M | 986.37M | 998.23M | 747.88M | 638.96M | 557.5M | 517.54M | 524.96M | 470.78M | 425.77M | 402.68M | 374.05M | 312.96M | 230.46M |
| Common Stock | 494K | 494K | 494K | 495K | 512K | 534K | 546K | 547K | 548K | 412K | 356K | 311K | 287K | 287K | 254K | 227K | 209K | 193K | 162K | 121K |
| Retained Earnings | -66.78M | -55.71M | -49.59M | -46.02M | -39.74M | -26.5M | -27.18M | -33.79M | -23.89M | -29.25M | -35.28M | -35.86M | -33.06M | -23.93M | -16.78M | -10.85M | 1.63M | 3.43M | 1.81M | -654K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |