LINC: the balance sheet

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For the quarter ending 2026-03-31, LINC has $486,734K in assets. $287,906K in debts. $16,690K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
82.78%
Quick Ratio
80.08%
Cash Ratio
18.08%
Debt to Asset Ratio
59.15%
Unit: Thousand (K) dollars
Assets Breakdown
Less accumulated depreciation an...
Operating lease right-of-use ass...
Accounts receivable, less allowa...
Others
Liabilities Breakdown
Long-term portion of operating l...
Retained earnings
Common stock, no par value - aut...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	16,690	28,519	13,480	16,701
Assets held for sale	-	0	0	0
Accounts receivable, less allowance of 44,971 and 43,975 at march 31, 2026 and december 31, 2025, respectively	41,734	36,929	51,131	47,256
Inventories	2,488	3,986	3,093	4,504
Income tax receivable	501	1,599	1,431	-
Prepaid income taxes	-	-	-	2,794
Tenant allowance receivable	8,127	8,127	-	-
Prepaid and other assets	6,863	7,872	8,197	8,374
Total current assets	76,403	87,032	77,332	79,629
Property, equipment and facilities, gross	333,930	319,670	310,308	-
Less accumulated depreciation and amortization	154,578	148,067	149,818	-
Property, equipment and facilities - at cost, net of accumulated depreciation and amortization of 154,578 and 148,067 at march 31, 2026 and december 31, 2025, respectively	179,352	171,603	160,490	149,142
Noncurrent receivables, less allowance of 25,706 and 26,371 at march 31, 2026 and december 31, 2025, respectively	20,711	21,248	22,814	21,139
Pension plan assets, net	-	0	1,554	1,555
Deferred finance charges	267	302	337	354
Deferred income taxes, net	21,668	21,668	24,812	24,812
Operating lease right-of-use assets	151,209	154,223	142,093	132,713
Finance lease right-of-use assets	24,657	25,075	25,492	25,910
Goodwill	10,742	10,742	10,742	10,742
Other assets, net	1,725	1,271	1,273	1,325
Total other assets	230,979	234,529	229,117	218,550
Total assets	486,734	493,164	466,939	447,321

Income taxes payable	-	0	0	0
Unearned tuition	39,287	44,159	33,485	28,083
Accounts payable	28,253	27,023	35,074	33,990
Accrued expenses	13,816	18,430	16,799	15,438
Current portion of operating lease liabilities	10,445	10,634	10,091	10,741
Current portion of finance lease liabilities	498	463	430	-
Total current liabilities	92,299	100,709	95,879	88,252
Other long-term liabilities	-	0	0	0
Long-term portion of operating lease liabilities	160,089	162,113	146,429	134,494
Long-term portion of finance lease liabilities	30,518	30,654	30,777	30,897
Long-term debt	5,000	-	8,000	13,000
Total liabilities	287,906	293,476	281,085	266,643
Common stock, no par value - authorized 100,000,000 shares at march 31, 2026 and december 31, 2025, issued and outstanding 31,696,582 shares at march 31, 2026 and 31,623,795 shares at december 31, 2025	48,181	48,181	48,181	48,181
Additional paid-in capital	47,123	52,339	50,932	49,554
Retained earnings	103,524	99,168	86,467	82,669
Accumulated other comprehensive loss	-	0	274	274
Total stockholders equity	198,828	199,688	185,854	180,678
Total liabilities and stockholders equity	486,734	493,164	466,939	447,321

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets