LINC: the balance sheet

MyFinsight

For the year ending 2025-12-31, LINC has $493,164K in assets. $293,476K in debts. $28,519K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
86.42%
Quick Ratio
82.46%
Cash Ratio
28.32%
Debt to Asset Ratio
59.51%
Unit: Thousand (K) dollars
Assets Breakdown
Operating lease right-of-use ass...
Less accumulated depreciation an...
Accounts receivable, less allowa...
Others
Liabilities Breakdown
Long-term portion of operating l...
Retained earnings
Additional paid-in capital
Others

Balance Sheets	2025-12-31
Cash and cash equivalents	28,519
Accounts receivable, less allowance of 43,975 and 42,615 at december 31, 2025 and december 31, 2024, respectively	36,929
Inventories	3,986
Income tax receivable	1,599
Tenant allowance receivable	8,127
Prepaid and other assets	7,872
Assets held for sale	0
Total current assets	87,032
Property, equipment and facilities, gross	319,670
Less accumulated depreciation and amortization	148,067
Property, equipment and facilities - at cost, net of accumulated depreciation and amortization of 148,067 and 141,271 at december 31, 2025 and december 31, 2024, respectively	171,603
Noncurrent receivables, less allowance of 26,371 and 22,957 at december 31, 2025 and december 31, 2024, respectively	21,248
Deferred finance charges	302
Deferred income taxes, net	21,668
Operating lease right-of-use assets	154,223
Finance lease right-of-use assets	25,075
Goodwill	10,742
Pension plan assets, net	0
Other assets, net	1,271
Total other assets	234,529
Total assets	493,164

Unearned tuition	44,159
Accounts payable	27,023
Accrued expenses	18,430
Income taxes payable	0
Current portion of operating lease liabilities	10,634
Current portion of finance lease liabilities	463
Total current liabilities	100,709
Long-term portion of operating lease liabilities	162,113
Long-term portion of finance lease liabilities	30,654
Other long-term liabilities	0
Total liabilities	293,476
Common stock, no par value - authorized 100,000,000 shares at december 31, 2025 and december 31, 2024, issued and outstanding 31,623,795 shares at december 31, 2025 and 31,462,640 shares at december 31, 2024	48,181
Additional paid-in capital	52,339
Retained earnings	99,168
Accumulated other comprehensive loss	0
Total stockholders equity	199,688
Total liabilities and stockholders equity	493,164

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets