Target Hospitality (TH) Debt Ratio (2018 - 2026)
Target Hospitality (TH) posted quarterly Debt Ratio of 0.06 for Q1 2026, down 78.59% year-over-year from 0.26 in Q1 2025, and up 23.65% quarter-over-quarter from 0.04 in Q2 2025.
Target Hospitality (TH) Debt Ratio (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Debt Ratio for 9 consecutive years, with 0.06 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt Ratio fell 78.59% year-over-year to 0.06; the TTM figure through Mar 2026 stood at 0.06 (down 78.59% YoY), while the FY2024 annual figure was 0.25, down 3.13% from the prior year.
- Debt Ratio improved to 0.06 in Q1 2026 per TH's latest filing, from 0.04 in the prior quarter.
- Across five years, Debt Ratio topped out at 6.56 in Q3 2024 and bottomed at 0.03 in Q1 2022.
- Historically, Debt Ratio has averaged 0.78 across 5 years, with a median of 0.43 in 2022.
- Annual changes were most pronounced in 2022 — Debt Ratio slumped 94.82% — and 2023, when it jumped 1872.28%.
- Target Hospitality's Debt Ratio stood at 0.43 in 2022, then plunged by 40.8% to 0.26 in 2023, then dropped by 3.13% to 0.25 in 2024, then sank by 81.9% to 0.04 in 2025, then rose by 23.65% to 0.06 in 2026.
- Business Quant data shows TH's Debt Ratio at 0.06 in Q1 2026, 0.04 in Q2 2025, and 0.26 in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.73 Bn | 81.44 Bn | 1.48 Bn | 0.23 |
| 2 | Relx | 65.91 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.92 Bn | 28.56 Bn | 732.88 Mn | - |
| 4 | Global Payments | 25.47 Bn | 20.06 Bn | 2.03 Bn | 0.37 |
| 5 | Rb Global | 16.16 Bn | 15.64 Bn | 935.50 Mn | 0.24 |
| 6 | Aramark | 15.56 Bn | 15.06 Bn | 430.34 Mn | 0.44 |
| 7 | UL Solutions | 15.04 Bn | 14.61 Bn | 417.00 Mn | 0.10 |
| 8 | Rentokil Initial | 11.93 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.09 Bn | 5.42 Bn | 264.68 Mn | - |
| 10 | Target Hospitality | 1.74 Bn | 1.74 Bn | 15.80 Mn | 0.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.06 |
| Mar 31, 2026 | 0.06 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 6.56 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 1.01 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.60 |
| Jun 30, 2023 | 0.63 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.04 |
| Mar 31, 2022 | 0.03 |
| Dec 31, 2021 | 0.64 |
| Sep 30, 2021 | 0.62 |
| Jun 30, 2021 | 0.64 |
| Mar 31, 2021 | 0.63 |