LINCOLN EDUCATIONAL SERVICES CORP (LINC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	Source	Source	Source	Source	Source	Source	Source	Source
Short-term debt			2.0	2.0	15.0		11.7	10.1
Long-term debt			15.2	32.0	33.8		30.2	48.1
Total debt			17.2	34.0	48.8		42.0	58.2
Net debt				10.4	31.2		20.9	19.8

Debt to EBITDA	0.0	0.0	0.8	2.7		0.0	11.2	3.4
Net debt to EBITDA				0.8			5.6	1.2

EBITDA interest coverage	147.0	17.2	17.3	4.3		0.3		2.1
EBIT interest coverage	107.2	13.6	11.5	1.6				0.3