Target Hospitality (TH) Debt Ratio (2018 - 2026)
Target Hospitality's Debt Ratio was 0.06 in Q2 2026, up 36.0% from 0.04 a year earlier and up 10.0% from the prior quarter.
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Analysis
Target Hospitality (TH) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2024, Debt Ratio at Target Hospitality came in at 0.25, down 3.1% from FY2023.
- Debt Ratio has now declined for three consecutive years.
- In earlier years, Debt Ratio was 0.26 in FY2023 (-39.8%), 0.43 in FY2022 (-33.7%), 0.64 in FY2021 (+5.2%) and 0.61 in FY2020 (+1.0%).
- The Q2 2026 figure marks the highest quarterly Debt Ratio since Q1 2025.
- Compared with a year earlier, Debt Ratio was higher in 1 of the last six quarters, with an average decline of 26.7%.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2026 (growth of 36.0%); the worst was Q2 2025 (a decline of 82.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 64.10 Bn | 62.86 Bn | 1.73 Bn | 0.45 |
| 2 | W.W. Grainger | 62.80 Bn | 60.40 Bn | 1.98 Bn | 0.25 |
| 3 | Fastenal | 59.24 Bn | 58.16 Bn | 1.06 Bn | 0.02 |
| 4 | Ferguson Enterprises | 43.73 Bn | 40.95 Bn | 2.32 Bn | 0.23 |
| 5 | Sunbelt Rentals Holdings | 31.07 Bn | 30.95 Bn | 1.25 Bn | 0.36 |
| 6 | Reliance | 21.24 Bn | 20.27 Bn | 1.30 Bn | 0.15 |
| 7 | Wesco International | 16.67 Bn | 13.99 Bn | 1.46 Bn | 0.33 |
| 8 | Applied Industrial Technologies | 12.33 Bn | 12.20 Bn | 411.22 Mn | 0.09 |
| 9 | Watsco | 11.38 Bn | 9.07 Bn | 578.93 Mn | 0.02 |
| 10 | Target Hospitality | 1.56 Bn | 1.51 Bn | 15.80 Mn | 0.06 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.06 |
| Mar 31, 2026 | 0.06 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.30 |
| Jun 30, 2023 | 0.31 |
| Mar 31, 2023 | 0.32 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.65 |
| Mar 31, 2022 | 0.70 |
| Dec 31, 2021 | 0.64 |
| Sep 30, 2021 | 0.62 |
| Jun 30, 2021 | 0.65 |
| Mar 31, 2021 | 0.74 |
API Access
Target Hospitality Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();