Lincoln Educational Services Corporation (LINC) quarterly balance sheet — complete assets, liabilities & equity history
Lincoln Educational Services Corporation (LINC) balance sheet — 24-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | 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 |
|---|
| Total Current Assets | 106.25M | 76.4M | 87.03M | 77.33M | 79.63M | 86.38M | 111.25M | 115.44M | 119.39M | 118.75M | 134.66M | 130.68M | 137.49M | 107.59M | 114.14M | 111.05M | 111.46M | 113.03M | 121.63M | 110.95M |
| Cash & Short-Term Investments | 44.18M | 16.69M | 28.52M | 13.48M | 16.7M | 28.66M | 59.27M | 53.96M | 66.99M | 69.78M | 75.99M | 66.06M | 90.7M | 55.04M | 60.83M | 69.62M | 66.98M | 65.6M | 83.31M | 47.15M |
| Cash Only | 44.18M | 16.69M | 28.52M | 13.48M | 16.7M | 28.66M | 59.27M | 53.96M | 66.99M | 69.78M | 75.99M | 41.72M | 66.36M | 40.28M | 46.07M | 69.62M | 66.98M | 65.6M | 83.31M | 47.15M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.34M | 24.34M | 14.76M | 14.76M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 51.46M | 62.45M | 58.18M | 52.56M | 47.26M | 47.28M | 42.98M | 53.12M | 43.58M | 40.48M | 35.69M | 40.26M | 32.05M | 34.86M | 37.17M | 31.9M | 31.59M | 34.87M | 26.16M | 29.98M |
| Days Sales Outstanding | 36.35 | 37.71 | 35.65 | 32.48 | 36.93 | 34.57 | 37.03 | 38.88 | 37.17 | 33.53 | 34.08 | 33.39 | 34.34 | 37.14 | 34.62 | 31.81 | 36.81 | 33.26 | 29.41 | 31.87 |
| Inventory | 4.08M | 2.49M | 3.99M | 3.09M | 4.5M | 2.39M | 3.05M | 2.71M | 2.35M | 2.42M | 2.95M | 2.94M | 2.56M | 2.64M | 2.62M | 2.71M | 3.08M | 2.64M | 2.72M | 3.15M |
| Days Inventory Outstanding | 5.01 | 4.99 | 6.04 | 6.1 | 6.71 | 5.17 | 5.88 | 4.84 | 4.76 | 5.68 | 6.6 | 5.86 | 5.9 | 6.21 | 6.72 | 6.68 | 7.21 | 6.67 | 7.77 | 7.83 |
| Other Current Assets | 1.92M | -5.22M | -3.65M | 8.2M | 8.37M | 8.05M | 5.94M | 3.64M | 2.39M | 6.07M | 14.47M | 21.42M | 4.21M | 8.77M | 8.77M | 4.56M | 9.03M | 4.56M | 4.56M | 30.43M |
| Total Non-Current Assets | 423.53M | 410.33M | 406.13M | 389.61M | 367.69M | 341.05M | 325.3M | 288.58M | 246.99M | 236.41M | 210.59M | 185.1M | 173.93M | 173.51M | 177.43M | 180.23M | 173.95M | 174.66M | 173.67M | 142.5M |
| Property, Plant & Equipment | 366.49M | 355.22M | 350.9M | 328.07M | 307.76M | 285.44M | 266.31M | 232.5M | 193.68M | 182.8M | 156.58M | 131.27M | 121.47M | 118.28M | 117.04M | 119.36M | 114.67M | 118.82M | 114.61M | 76.28M |
| Fixed Asset Turnover | 0.40x | 0.41x | 0.42x | 0.44x | 0.39x | 0.43x | 0.48x | 0.54x | 0.55x | 0.61x | 0.71x | 0.79x | 0.74x | 0.74x | 0.78x | 0.78x | 0.70x | 0.71x | 0.92x | 0.98x |
| Goodwill | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 10.74M | 14.54M | 14.54M | 14.54M | 14.54M | 14.54M | 14.54M | 14.54M |
| 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 | 21.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.36M | 17.5M | 0 | 0 | 14.64M | 22.73M | 21.86M | 20.27M | 16.87M | 0 | 18.8M |
| Other Non-Current Assets | 2.98M | 22.7M | 22.82M | 25.98M | 24.37M | 20.07M | 22.89M | 22.58M | 19.77M | 2.72M | 2.55M | 17.88M | 16.5M | 837K | 812K | 819K | 835K | 787K | 20.82M | 796K |
| Total Assets | 529.78M | 486.73M | 493.16M | 466.94M | 447.32M | 427.43M | 436.56M | 404.02M | 366.38M | 355.16M | 345.25M | 315.78M | 311.42M | 281.09M | 291.57M | 291.28M | 285.42M | 287.69M | 295.3M | 253.46M |
| Asset Turnover | 0.28x | 0.29x | 0.30x | 0.31x | 0.27x | 0.27x | 0.28x | 0.30x | 0.29x | 0.30x | 0.31x | 0.32x | 0.30x | 0.30x | 0.31x | 0.32x | 0.29x | 0.28x | 0.32x | 0.36x |
| Asset Growth % | 18.43% | 13.87% | 12.97% | 15.57% | 22.09% | 20.35% | 26.45% | 27.94% | 17.65% | 26.35% | 18.41% | 8.41% | 9.11% | -2.29% | -1.26% | 14.92% | 16.66% | 19.94% | 20.44% | 23.15% |
| Total Current Liabilities | 110.95M | 92.3M | 100.71M | 95.88M | 88.25M | 83.1M | 90.21M | 73.45M | 66.89M | 59.88M | 73.41M | 66.1M | 68.66M | 54.57M | 55.02M | 59.88M | 58.19M | 55.05M | 65.88M | 68.88M |
| Accounts Payable | 30.68M | 28.25M | 27.02M | 35.07M | 33.99M | 34.36M | 37.03M | 27.86M | 19M | 14.28M | 18.15M | 17.58M | 16.84M | 12.94M | 10.5M | 16.24M | 13.94M | 13.08M | 12.3M | 16.04M |
| Days Payables Outstanding | 44.96 | 42.6 | 52.99 | 55.46 | 66.46 | 67.76 | 66.15 | 44.85 | 33.24 | 34.3 | 40.07 | 36.72 | 33.86 | 27.69 | 33.69 | 34.77 | 34.06 | 31.55 | 37.46 | 35.52 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.84M | 0 | 0 | 0 | 0 | 0 | 0 | 11.64M | 0 | 0 | 12.31M |
| Deferred Revenue (Current) | 51.92M | 39.29M | 44.16M | 33.48M | 28.08M | 28.85M | 30.63M | 22.98M | 0 | 22.27M | 26.91M | 21.84M | 22.93M | 20.98M | 24.15M | 22.74M | 21.68M | 21.19M | 25.41M | 24.69M |
| Other Current Liabilities | 0 | 0 | 12.87M | 0 | 0 | 0 | 7.51M | 0 | 24.33M | 9.21M | 33K | 35K | 40K | 41K | 3.23M | 32K | 10.92M | 32K | 11.68M | 15.83M |
| Current Ratio | 0.96x | 0.83x | 0.86x | 0.81x | 0.90x | 1.04x | 1.23x | 1.57x | 1.78x | 1.98x | 1.83x | 1.98x | 2.00x | 1.97x | 2.07x | 1.85x | 1.92x | 2.05x | 1.85x | 1.61x |
| Quick Ratio | 0.92x | 0.80x | 0.82x | 0.77x | 0.85x | 1.01x | 1.20x | 1.53x | 1.75x | 1.94x | 1.79x | 1.93x | 1.97x | 1.92x | 2.03x | 1.81x | 1.86x | 2.01x | 1.80x | 1.57x |
| Cash Conversion Cycle | -3.6 | 0.1 | -11.29 | -16.88 | -22.83 | -28.02 | -23.24 | -1.13 | 8.69 | 4.91 | 0.61 | 2.53 | 6.38 | 15.65 | 7.65 | 3.72 | 9.97 | 8.38 | -0.29 | 4.18 |
| Total Non-Current Liabilities | 216.44M | 195.61M | 192.77M | 185.21M | 178.39M | 166.55M | 168.08M | 160.6M | 134.63M | 130.79M | 105.03M | 92.51M | 88.29M | 91.27M | 91.67M | 93.25M | 88.74M | 92.06M | 88.02M | 70.64M |
| Long-Term Debt | 26M | 5M | 192.77M | 8M | 13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.85M |
| Capital Lease Obligations | 190.44M | 190.61M | 0 | 177.21M | 165.39M | 166.55M | 168.06M | 160.6M | 134.63M | 130.74M | 104.98M | 91.89M | 87.65M | 90.57M | 91M | 92M | 87.37M | 90.55M | 86.41M | 49.13M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 0 | 1 | 52K | 56K | 622K | 638K | 699K | 668K | 1.25M | 1.37M | 1.51M | 1.61M | 7.65M |
| Total Liabilities | 327.39M | 287.91M | 293.48M | 281.08M | 266.64M | 249.65M | 258.29M | 234.06M | 201.52M | 190.67M | 178.44M | 158.61M | 156.95M | 145.84M | 146.69M | 153.13M | 146.93M | 147.1M | 153.9M | 139.51M |
| Total Debt | 228.1M | 206.55M | 203.86M | 195.73M | 189.13M | 176.3M | 177.56M | 170.94M | 146.58M | 142.58M | 116.79M | 102.81M | 98.06M | 100.62M | 100.63M | 102.31M | 99.02M | 101.78M | 97.89M | 75.3M |
| Net Debt | 183.92M | 189.86M | 175.34M | 182.25M | 172.43M | 147.65M | 118.29M | 116.98M | 79.6M | 72.8M | 40.79M | 61.09M | 31.7M | 60.34M | 54.56M | 32.69M | 32.03M | 36.18M | 14.58M | 28.15M |
| Debt / Equity | 1.13x | 1.04x | 1.02x | 1.05x | 1.05x | 0.99x | 1.00x | 1.01x | 0.89x | 0.87x | 0.70x | 0.65x | 0.63x | 0.74x | 0.69x | 0.74x | 0.72x | 0.72x | 0.69x | 0.66x |
| Debt / EBITDA | 20.55x | 14.71x | 8.26x | 16.65x | 25.80x | 25.35x | 12.73x | 18.89x | 66.51x | 56.80x | 10.71x | 27.64x | 3.89x | 723.91x | 7.70x | 15.88x | 51.44x | 84.67x | 2.75x | 9.81x |
| Net Debt / EBITDA | 16.57x | 13.52x | 7.10x | 15.50x | 23.52x | 21.23x | 8.48x | 12.93x | 36.11x | 29.01x | 3.74x | 16.42x | 1.26x | 434.12x | 4.17x | 5.08x | 16.64x | 30.10x | 0.41x | 3.67x |
| Interest Coverage | 3.14x | 7.69x | 18.91x | 6.34x | 3.55x | 5.03x | 16.71x | 9.54x | -0.72x | 0.42x | 35.52x | 95.43x | 859.36x | -25.96x | 263.34x | 135.56x | 11.31x | -7.58x | -11.28x | 19.33x |
| Total Equity | 202.39M | 198.83M | 199.69M | 185.85M | 180.68M | 177.78M | 178.26M | 169.96M | 164.86M | 164.49M | 166.8M | 157.16M | 154.47M | 135.25M | 144.88M | 138.14M | 138.48M | 140.59M | 141.4M | 113.94M |
| Equity Growth % | 12.02% | 11.84% | 12.02% | 9.35% | 9.6% | 8.08% | 6.87% | 8.14% | 6.73% | 21.62% | 15.13% | 13.77% | 11.54% | -3.79% | 2.46% | 21.24% | 26.21% | 31.58% | 37.22% | 98.94% |
| Book Value per Share | 6.44 | 6.35 | 6.39 | 5.93 | 5.78 | 5.72 | 5.72 | 5.48 | 5.38 | 5.43 | 5.41 | 5.12 | 5.08 | 4.50 | 5.48 | 5.44 | 5.33 | 5.47 | 5.62 | 4.53 |
| Total Shareholders' Equity | 202.39M | 198.83M | 199.69M | 185.85M | 180.68M | 177.78M | 178.26M | 169.96M | 164.86M | 164.49M | 166.8M | 157.16M | 154.47M | 135.25M | 144.88M | 138.14M | 138.48M | 140.59M | 141.4M | 113.94M |
| Common Stock | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.18M | 48.52M | 49.07M | 51.78M | 55.98M | 141.38M | 141.38M | 141.38M |
| Retained Earnings | 105.47M | 103.52M | 99.17M | 86.47M | 82.67M | 81.11M | 79.17M | 72.34M | 68.38M | 69.06M | 69.28M | 62.49M | 60.42M | 43.17M | 51.23M | 42.87M | 39.63M | 39.67M | 39.7M | 16.05M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82.86M | -82.86M | -82.86M |
| Accumulated OCI | 0 | 0 | 0 | 274K | 274K | 274K | 274K | -36K | -36K | -36K | -36K | -1.04M | -1.01M | -1.01M | -960K | -1.3M | -1.28M | -1.27M | -1.24M | -4.24M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |