Nuveen Churchill Direct Lending Corp. (NCDL) — Cash Flow Quality Index
Nuveen Churchill Direct Lending Corp. (NCDL) has a Cash Flow Quality Index of 0.76x as of March 2026. Operating cash flow of $6.61 Million is below net income of $8.69 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Nuveen Churchill Direct Lending Corp. cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Nuveen Churchill Direct Lending Corp. Cash Flow Quality Index (2018–2025)
Historical Cash Flow Quality Index for Nuveen Churchill Direct Lending Corp. across 8 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Nuveen Churchill Direct Lending Corp. generate cash.
Annual Cash Flow Quality Index for Nuveen Churchill Direct Lending Corp. (2018–2025)
Year-by-year earnings quality comparison for Nuveen Churchill Direct Lending Corp..
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.96x | $194.16 Million | $65.61 Million | ▲ +152.3% |
| 2024 | 1.17x | $136.42 Million | $116.32 Million | ▲ +21.9% |
| 2023 | 0.96x | $73.05 Million | $75.94 Million | ▼ -33.9% |
| 2022 | 1.45x | $25.14 Million | $17.29 Million | ▼ -4.0% |
| 2021 | 1.52x | $41.32 Million | $27.27 Million | ▼ -56.8% |
| 2020 | 3.51x | $7.52 Million | $2.15 Million | ▲ +1677.7% |
| 2019 | -0.22x | $-1.62 Million | $7.29 Million | ▼ -103.9% |
| 2018 | 5.76x | $8.27 Million | $1.44 Million | — |