Target Hospitality Corp. (TH)

Solvency & Capital Structure

Total Debt

$39M

Net Debt

$33.5M

Target Hospitality Corp. currently has $39M in total debt. Net debt is $33.5M after cash offsets.

Financial Fundamentals

TH • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.04	0.01	0.03	0.54	7.2%
2025-12-31	0.01	0.01	0.00	0.53	2.0%
2025-09-30	0.01	0.03	-0.02Net Cash	0.54	2.5%
2025-06-30	0.04	0.02	0.02	0.53	7.1%
2025-03-31	0.05	0.03	0.02	0.56	9.7%
2024-12-31	0.21	0.19	0.02	0.73	28.9%
2024-09-30	0.20	0.18	0.02	0.71	27.7%
2024-06-30	0.20	0.15	0.04	0.70	28.2%
2024-03-31	0.20	0.12	0.07	0.69	28.9%
2023-12-31	0.20	0.10	0.10	0.69	28.9%
2023-09-30	0.23	0.11	0.12	0.70	32.7%
2023-06-30	0.23	0.07	0.16	0.67	34.3%
2023-03-31	0.23	0.04	0.19	0.65	35.4%
2022-12-31	0.35	0.18	0.17	0.77	46.0%
2022-09-30	0.34	0.18	0.16	0.73	45.9%
2022-06-30	0.35	0.01	0.35	0.55	64.9%
2022-03-31	0.35	0.01	0.34	0.49	70.8%
2021-12-31	0.33	0.02	0.31	0.51	64.6%
2021-09-30	0.33	0.03	0.30	0.53	62.2%
2021-06-30	0.33	0.01	0.33	0.51	65.1%
2021-03-31	0.39	0.01	0.38	0.52	74.6%
2020-12-31	0.38	0.01	0.37	0.53	70.8%
2020-09-30	0.40	0.01	0.39	0.55	72.0%
2020-06-30	0.41	0.02	0.39	0.59	70.1%
2020-03-31	0.41	0.01	0.40	0.59	69.4%
2019-12-31	0.41	0.01	0.40	0.60	67.5%
2019-09-30	0.39	0.00	0.39	0.61	64.6%
2019-06-30	0.39	0.01	0.38	0.61	64.4%
2019-03-31	0.36	0.02	0.34	0.59	61.7%
2018-12-31	0.13	0.00	0.13	0.33	39.6%
2018-09-30	0.28	0.00	0.28	0.33	84.4%
2018-06-30	0.28	0.00	0.28	0.33	85.2%
2018-03-31	0.00	0.00	-0.00Net Cash	0.33	0.0%
2017-12-31	0.25	0.01	0.24	0.36	69.5%
2017-03-31	0.00	0.00	-0.00Net Cash	0.00	—