Target Hospitality (TH) Interest Coverage Ratio (2018 - 2026)
Target Hospitality's Interest Coverage Ratio was -10.27 in Q2 2026, compared with -19.42 a year earlier.
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Analysis
Target Hospitality (TH) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Target Hospitality's Interest Coverage Ratio was -21.04 through Jun 30, 2026; for FY2025, it was -5.12.
- In earlier years, Interest Coverage Ratio was 5.39 in FY2024 (-48.6%), 10.49 in FY2023 (+101.3%), 5.21 in FY2022 (+372.9%) and 1.10 in FY2021 (+851.0%).
- Quarterly Interest Coverage Ratio has moved between -100.14 (Q4 2025) and 13.29 (Q3 2023) over five years.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q1 2023 (growth of 452.7%); the worst was Q3 2025 (a decline of 96.3%).
- Per Business Quant data, TH's Interest Coverage Ratio in the three quarters before Q2 2026 was -23.83 (Q1 2026), -100.14 (Q4 2025) and 0.21 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | - |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | - |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 418.17 |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | - |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | - |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 24.26 |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | - |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | - |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | - |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn | -10.27 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.27 |
| Mar 31, 2026 | -23.83 |
| Dec 31, 2025 | -100.14 |
| Sep 30, 2025 | 0.21 |
| Jun 30, 2025 | -19.42 |
| Mar 31, 2025 | -0.20 |
| Dec 31, 2024 | 4.12 |
| Sep 30, 2024 | 5.55 |
| Jun 30, 2024 | 5.86 |
| Mar 31, 2024 | 6.04 |
| Dec 31, 2023 | 8.75 |
| Sep 30, 2023 | 13.29 |
| Jun 30, 2023 | 12.71 |
| Mar 31, 2023 | 8.29 |
| Dec 31, 2022 | 7.74 |
| Sep 30, 2022 | 6.97 |
| Jun 30, 2022 | 4.55 |
| Mar 31, 2022 | 1.50 |
| Dec 31, 2021 | 1.64 |
| Sep 30, 2021 | 2.03 |
API Access
Target Hospitality Interest Coverage 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=interest-coverage-ratio&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();