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Nuveen Churchill Direct Lending (Nuveen Churchill Direct Lending) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)


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What is Nuveen Churchill Direct Lending LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Nuveen Churchill Direct Lending's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Nuveen Churchill Direct Lending's long-term debt to total assets ratio declined from Dec. 2022 (0.56) to Mar. 2024 (0.44). It may suggest that Nuveen Churchill Direct Lending is progressively becoming less dependent on debt to grow their business.

Nuveen Churchill Direct Lending LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nuveen Churchill Direct Lending's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nuveen Churchill Direct Lending LT-Debt-to-Total-Asset Chart

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- 0.50 0.56 0.55

Nuveen Churchill Direct Lending Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.56 - 0.56 0.55 0.44

Nuveen Churchill Direct Lending LT-Debt-to-Total-Asset Calculation

Nuveen Churchill Direct Lending's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=943.936/1730.864
=0.55

Nuveen Churchill Direct Lending's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=817.214/1875.487
=0.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Churchill Direct Lending  (NYSE:NCDL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Nuveen Churchill Direct Lending LT-Debt-to-Total-Asset Related Terms

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Nuveen Churchill Direct Lending (Nuveen Churchill Direct Lending) Business Description

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Nuveen Churchill Direct Lending Corp is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It invest in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.

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