Target Hospitality (TH) Total Debt (2018 - 2026)
Target Hospitality (TH) posted quarterly Total Debt of $30.0 million for Q1 2026, down 26.65% year-over-year from $40.9 million in Q1 2025, and up 25.0% quarter-over-quarter from $24.0 million in Q2 2025.
Target Hospitality (TH) Total Debt (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Total Debt for 9 consecutive years, with $30.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Total Debt fell 26.65% year-over-year to $30.0 million; the TTM figure through Mar 2026 stood at $30.0 million (down 26.65% YoY), while the FY2024 annual figure was $180.3 million, up 1.25% from the prior year.
- Total Debt climbed to $30.0 million in Q1 2026 per TH's latest filing, from $24.0 million in the prior quarter.
- Across five years, Total Debt topped out at $417.6 million in Q3 2023 and bottomed at $16.0 million in Q1 2022.
- Historically, Total Debt has averaged $196.4 million across 5 years, with a median of $179.2 million in 2024.
- Annual changes were most pronounced in 2022 — Total Debt tumbled 95.11% — and 2023, when it soared 2501.28%.
- Target Hospitality's Total Debt stood at $334.3 million in 2022, then plunged by 46.73% to $178.1 million in 2023, then rose by 1.25% to $180.3 million in 2024, then plunged by 86.69% to $24.0 million in 2025, then climbed by 25.0% to $30.0 million in 2026.
- Business Quant data shows TH's Total Debt at $30.0 million in Q1 2026, $24.0 million in Q2 2025, and $40.9 million in Q1 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 2.43 Bn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | - |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 23.65 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 2.94 Bn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 6.13 Bn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 301.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | -1.94 Bn |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | - |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | 40.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.00 Mn |
| Mar 31, 2026 | 30.00 Mn |
| Jun 30, 2025 | 24.00 Mn |
| Mar 31, 2025 | 40.90 Mn |
| Dec 31, 2024 | 180.33 Mn |
| Sep 30, 2024 | 179.74 Mn |
| Jun 30, 2024 | 179.18 Mn |
| Mar 31, 2024 | 178.63 Mn |
| Dec 31, 2023 | 178.09 Mn |
| Sep 30, 2023 | 417.63 Mn |
| Jun 30, 2023 | 416.91 Mn |
| Mar 31, 2023 | 416.20 Mn |
| Dec 31, 2022 | 334.35 Mn |
| Sep 30, 2022 | 333.28 Mn |
| Jun 30, 2022 | 20.80 Mn |
| Mar 31, 2022 | 16.00 Mn |
| Dec 31, 2021 | 330.21 Mn |
| Sep 30, 2021 | 329.25 Mn |
| Jun 30, 2021 | 328.30 Mn |
| Mar 31, 2021 | 327.39 Mn |