Nuveen Churchill Direct Lending (FRA:O7A) Scaled Net Operating Assets: 0.96 (As of Mar. 2026)


FRA:O7A Nuveen Churchill Direct Lending Corp FRA:O7A
29 GF Score
Price €11.10
! 5 Warning Signs
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What is Nuveen Churchill Direct Lending Scaled Net Operating Assets?

Nuveen Churchill Direct Lending FRA:O7A +1.83% 29 Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus rates FRA:O7A with a GF Score™ of 29/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Churchill Direct Lending's operating assets for the quarter that ended in Mar. 2026 was €1,728.53 Mil. Nuveen Churchill Direct Lending's operating liabilities for the quarter that ended in Mar. 2026 was €40.48 Mil. Nuveen Churchill Direct Lending's Total Assets for the quarter that ended in Dec. 2025 was €1,754.52 Mil. Therefore, Nuveen Churchill Direct Lending's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.96.

FRA:O7A
29GF Score
Nuveen Churchill Direct Lending Corp FRA:O7A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Churchill Direct Lending Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Churchill Direct Lending's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1701.158-54.859)/2047.257
=0.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1754.517 - 53.359
=1701.158

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1007.113 - 952.254 - 0
=54.859

Nuveen Churchill Direct Lending's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1728.528-40.48)/1754.517
=0.96

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1772.124 - 43.596
=1728.528

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1024.667 - 984.187 - 0
=40.48

* 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.

What does a Scaled Net Operating Assets of 0.96 mean?
Nuveen Churchill Direct Lending (FRA:O7A) has a Scaled Net Operating Assets of 0.96 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen Churchill Direct Lending and its competitors.
Is Nuveen Churchill Direct Lending's Scaled Net Operating Assets too high?
Nuveen Churchill Direct Lending's current Scaled Net Operating Assets is 0.96. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Scaled Net Operating Assets compare to PDT and HKHC?
Nuveen Churchill Direct Lending's Scaled Net Operating Assets of 0.96 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen Churchill Direct Lending and its competitors. Nuveen Churchill Direct Lending's current Scaled Net Operating Assets is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Churchill Direct Lending stock overvalued right now?
Nuveen Churchill Direct Lending (FRA:O7A) has a current Scaled Net Operating Assets of 0.96. The current Scaled Net Operating Assets is 0.96. Nuveen Churchill Direct Lending's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (FRA:O7A), the current Scaled Net Operating Assets is 0.96 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nuveen Churchill Direct Lending Business Description

Other Exchanges NCDL:USA
Address 375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
29GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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