Target Hospitality (TH) Debt Ratio (2018 - 2026)
Target Hospitality's (TH) quarterly Debt Ratio came in at 0.06 in Q2 2026, up 35.97% year-over-year from 0.04 in Q2 2025, and up 9.97% quarter-over-quarter from 0.06 in Q1 2026.
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Analysis
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 Q2 2026.
- On a quarterly basis, Debt Ratio rose 35.97% year-over-year to 0.06 in Q2 2026; TTM through Jun 2026 was 0.06, a 35.97% increase from a year earlier, with the FY2024 full-year figure at 0.25, down 3.13% from the prior year.
- Debt Ratio was 0.06 for Q2 2026 at Target Hospitality, up from 0.06 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.67 in Q1 2022 and troughed at 0.04 in Q2 2025.
- A 5-year average of 0.35 and a median of 0.26 in 2024 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio plunged 82.51% in 2025 and surged 35.97% in 2026, its largest moves.
- Over 5 years, Debt Ratio stood at 0.43 in 2022, then slumped by 39.81% to 0.26 in 2023, then decreased by 3.13% to 0.25 in 2024, then sank by 81.9% to 0.04 in 2025, then soared by 35.97% to 0.06 in 2026.
- The last three Debt Ratio figures came in at 0.06 (Q2 2026), 0.06 (Q1 2026), and 0.04 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 0.39 |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 0.58 |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | 0.51 |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 0.60 |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 0.24 |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 0.06 |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 0.46 |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 0.04 |
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 | 0.60 |
| Jun 30, 2023 | 0.63 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.61 |
| Mar 31, 2022 | 0.67 |
| Dec 31, 2021 | 0.64 |
| Sep 30, 2021 | 0.62 |
| Jun 30, 2021 | 0.64 |
| Mar 31, 2021 | 0.63 |
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();