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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Lincoln Educational Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $2.7 Mil. Lincoln Educational Services's average total debt for the quarter that ended in Dec. 2024 was $174.3 Mil. Therefore, Lincoln Educational Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 1.54%.
The historical data trend for Lincoln Educational Services's Effective Interest Rate on Debt % can be seen below:
* 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.
Lincoln Educational Services Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial |
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1.52 | 2.29 | 0.16 | 0.32 | 1.74 |
Lincoln Educational Services Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial |
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0.99 | 1.75 | 1.85 | 1.66 | 1.54 |
For the Education & Training Services subindustry, Lincoln Educational Services's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Lincoln Educational Services's Effective Interest Rate on Debt % falls into.
Lincoln Educational Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2023 ) | + | Total Debt (A: Dec. 2024 )) | / count ) |
= | -1 * -2.565 | / | ( (116.786 | + | 177.561) | / 2 ) |
= | -1 * -2.565 | / | 147.1735 | |||
= | 1.74 % |
where
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 104.979 | + | 11.807 |
= | 116.786 |
Total Debt (A: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 168.064 | + | 9.497 |
= | 177.561 |
Lincoln Educational Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Sep. 2024 ) | + | Total Debt (Q: Dec. 2024 )) | / count ) |
= | -1 * -2.688 | / | ( (170.942 | + | 177.561) | / 2 ) |
= | -1 * -2.688 | / | 174.2515 | |||
= | 1.54 % |
where
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 160.604 | + | 10.338 |
= | 170.942 |
Total Debt (Q: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 168.064 | + | 9.497 |
= | 177.561 |
* 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.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Lincoln Educational Services (NAS:LINC) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Lincoln Educational Services's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
John A. Bartholdson | director, 10 percent owner | C/O STONINGTON PARTNERS, INC., 540 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022 |
Juniper Investment Company, Llc | 10 percent owner | 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022-3315 |
Chad D Nyce | officer: Chief Innovation Officer | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE 340, WEST ORANGE NJ 07052 |
Brian K Meyers | officer: CFO and Treasurer | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE. 340, WEST ORANGE NJ 07052 |
Michael A Plater | director | C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Burke James J Jr | director | C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036 |
J Barry Morrow | director | COLLEGIATE FUNDING SERVICES, 100 RIVERSIDE PARKWAY, FREDERICKSBURG VA 22406 |
Ronald Edward Harbour | director | C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
Kevin M Carney | director | 12735 GRAN BAY PARKWAY WEST, BUILDING 200, JACKSONVILLE FL 32258 |
Scott M Shaw | officer: Executive Vice President | C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Sylvia Jean Young | director | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 14 SYLVAN WAY, STE. A, PARSIPPANY NJ 07054 |
Juniper Targeted Opportunity Fund, L.p. | 10 percent owner | 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022 |
Felecia J. Pryor | director | 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326 |
Carlton Rose | director | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Stephen M Buchenot | officer: Group VP of Operations | C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
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