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NCDL (Nuveen Churchill Direct Lending) Scaled Net Operating Assets : 0.95 (As of Dec. 2024)


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What is Nuveen Churchill Direct Lending Scaled Net Operating Assets?

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 Dec. 2024 was $2,100.5 Mil. Nuveen Churchill Direct Lending's operating liabilities for the quarter that ended in Dec. 2024 was $65.1 Mil. Nuveen Churchill Direct Lending's Total Assets for the quarter that ended in Sep. 2024 was $2,140.1 Mil. Therefore, Nuveen Churchill Direct Lending's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.95.

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. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(2100.471-65.144)/1730.864
=1.18

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2143.725 - 43.254
=2100.471

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1173.405 - 1108.261 - 0
=65.144

Nuveen Churchill Direct Lending's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(2100.471-65.144)/2140.11
=0.95

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2143.725 - 43.254
=2100.471

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1173.405 - 1108.261 - 0
=65.144

* 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Churchill Direct Lending Corp (NYSE:NCDL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
O7A:Germany
Address
375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Website
https://www.churchillam.com
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 invest in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.