Target Hospitality Corp. (TH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 58.61M | 73.34M | 79.44M | 83.05M | 99.59M | 249.34M | 231.38M | 208.83M | 186.07M | 180.5M | 171.56M | 129.84M | 103.15M | 236.38M | 227.81M | 94.22M | 54.58M | 60.54M | 69.78M | 41.83M |
| Cash & Short-Term Investments | 5.46M | 8.35M | 30.39M | 19.24M | 34.47M | 190.67M | 177.75M | 154.3M | 124.3M | 103.93M | 105.1M | 69.58M | 42.44M | 181.67M | 176.99M | 9.7M | 5.82M | 23.41M | 30.64M | 6.47M |
| Cash Only | 5.46M | 8.35M | 30.39M | 19.24M | 34.47M | 190.67M | 177.75M | 154.3M | 124.3M | 103.93M | 105.1M | 69.58M | 42.44M | 181.67M | 176.99M | 9.7M | 5.82M | 23.41M | 30.64M | 6.47M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 45.63M | 56.2M | 42.73M | 57.44M | 56.95M | 49.34M | 47.29M | 48.74M | 53.84M | 67.09M | 59.46M | 53.33M | 52.79M | 42.15M | 41.74M | 78.33M | 41.46M | 28.78M | 33.37M | 29.86M |
| Days Sales Outstanding | 62.96 | 50.69 | 46.38 | 84.48 | 68.43 | 53.11 | 46.4 | 46.34 | 51.58 | 46.12 | 35.55 | 33.61 | 28.9 | 25.31 | 34.61 | 49.71 | 39.35 | 35 | 32.62 | 36.88 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 7.51M | 8.79M | 0 | 6.38M | 8.17M | 9.33M | 6.34M | 5.8M | 7.93M | 9.48M | 6.99M | 6.94M | 7.93M | 12.55M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 480.93M | 456.87M | 461.71M | 450.67M | 462.93M | 476.44M | 478.41M | 488.22M | 501.1M | 513.85M | 524.96M | 536.13M | 546.47M | 535.35M | 501.89M | 452.64M | 437.96M | 452.86M | 460.18M | 472.14M |
| Property, Plant & Equipment | 395.46M | 0 | 376.55M | 361.98M | 370.73M | 380.72M | 379.17M | 385.45M | 394.58M | 403.39M | 411.68M | 419.26M | 425.87M | 416.32M | 379M | 317.53M | 293.36M | 303.04M | 304.56M | 310.69M |
| Fixed Asset Turnover | 0.18x | - | 0.27x | 0.17x | 0.19x | 0.22x | 0.25x | 0.26x | 0.27x | 0.31x | 0.35x | 0.34x | 0.35x | 0.38x | 0.46x | 0.36x | 0.27x | 0.27x | 0.29x | 0.24x |
| Goodwill | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M | 41.04M |
| Intangible Assets | 35.97M | 39.33M | 42.7M | 46.08M | 49.44M | 52.81M | 56.18M | 59.55M | 63.15M | 66.94M | 70.65M | 74.15M | 76.39M | 75.18M | 78.41M | 81.63M | 87.66M | 88.48M | 92.15M | 95.8M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.46M | 376.5M | 1.42M | 1.57M | 1.72M | 1.87M | 2.02M | 2.18M | 2.33M | 2.48M | 1.59M | 1.68M | 3.17M | 2.8M | 3.44M | 4.09M | 1.91M | 5.58M | 6.44M | 7.31M |
| Total Assets | 539.54M | 530.21M | 541.15M | 533.71M | 562.52M | 725.77M | 709.78M | 697.05M | 687.17M | 694.35M | 696.52M | 665.97M | 649.62M | 771.73M | 729.7M | 546.86M | 492.54M | 513.39M | 529.96M | 513.98M |
| Asset Turnover | 0.14x | 0.17x | 0.18x | 0.11x | 0.11x | 0.12x | 0.14x | 0.15x | 0.15x | 0.18x | 0.21x | 0.22x | 0.21x | 0.20x | 0.25x | 0.21x | 0.16x | 0.16x | 0.17x | 0.14x |
| Asset Growth % | -4.09% | -26.95% | -23.76% | -23.43% | -18.14% | 4.53% | 1.9% | 4.67% | 5.78% | -10.03% | -4.55% | 21.78% | 31.89% | 50.32% | 37.69% | 6.4% | -5.69% | -3.9% | -3.91% | -12.47% |
| Total Current Liabilities | 69.23M | 84.04M | 82.42M | 56.62M | 50.51M | 233.4M | 229.29M | 235.51M | 66.81M | 70.33M | 294.19M | 323.45M | 366.26M | 190.9M | 201.7M | 56.44M | 32.8M | 72.8M | 94.67M | 77.05M |
| Accounts Payable | 33.04M | 44.39M | 45.81M | 21.43M | 23.13M | 16.19M | 16.92M | 17.54M | 17.27M | 20.93M | 21.25M | 17.25M | 26.91M | 17.56M | 31.91M | 25.25M | 12.25M | 11.8M | 12.32M | 14.77M |
| Days Payables Outstanding | 47.55 | 46.04 | 34.8 | 29.22 | 29.85 | 32.64 | 31.72 | 29.42 | 30.17 | 30.32 | 29.92 | 32.79 | 30.39 | 33.21 | 34.24 | 29.88 | 20.65 | 21.15 | 22.43 | 22.73 |
| Short-Term Debt | 6.86M | 7.89M | 0 | 0 | 0 | 180.33M | 179.74M | 179.18M | 0 | 0 | 208.13M | 207.41M | 206.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 9.28M | 0 | 8.51M | 1.01M | 699K | 400K | 2.72M | 1.79M | 1.79M | 15.27M | 50.58M | 85.5M | 120.04M | 141.92M | 1.84M | 1.96M | 27.14M | 60.99M | 35.65M |
| Other Current Liabilities | 21.67M | 22.48M | 9.43M | 7.36M | 4.54M | 7.73M | 7.56M | 8.04M | 7.22M | 10.26M | 14.31M | 11.44M | 15.9M | 11.87M | 8.76M | 6.86M | 3.28M | 12.47M | 9.77M | 7.08M |
| Current Ratio | 0.85x | 0.87x | 0.96x | 1.47x | 1.97x | 1.07x | 1.01x | 0.89x | 2.78x | 2.57x | 0.58x | 0.40x | 0.28x | 1.24x | 1.13x | 1.67x | 1.66x | 0.83x | 0.74x | 0.54x |
| Quick Ratio | 0.85x | 0.87x | 0.96x | 1.47x | 1.97x | 1.07x | 1.01x | 0.89x | 2.78x | 2.57x | 0.58x | 0.40x | 0.28x | 1.24x | 1.13x | 1.67x | 1.66x | 0.83x | 0.74x | 0.54x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 93.69M | 57.1M | 56.49M | 75.91M | 96.74M | 71.28M | 62.86M | 64.38M | 244.82M | 246.72M | 64.06M | 52.19M | 41.74M | 379.98M | 382.38M | 365.89M | 361.43M | 343.32M | 341.84M | 350.73M |
| Long-Term Debt | 30M | 0 | 0 | 24M | 40.9M | 0 | 0 | 0 | 178.63M | 178.09M | 0 | 0 | 0 | 328.85M | 333.27M | 353.03M | 347.2M | 330.21M | 329.25M | 333.3M |
| Capital Lease Obligations | 2.14M | 2.8M | 3.65M | 4.32M | 4.92M | 18.91M | 7.03M | 7.17M | 8.29M | 9.45M | 9.14M | 10.2M | 11.29M | 12.19M | 919K | 950K | 903K | 696K | 0 | 0 |
| Deferred Tax Liabilities | 40.06M | 42.31M | 0 | 44.43M | 47.74M | 49.27M | 52.76M | 54.17M | 52.2M | 53.07M | 48.4M | 34.89M | 23.06M | 15.17M | 208K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 21.5M | 11.99M | 52.84M | 2.63M | 2.64M | 2.56M | 3.07M | 2.5M | 2.47M | 2.42M | 2.38M | 2.52M | 2.36M | 18.29M | 28.72M | 5.54M | 6.5M | 5.14M | 5.74M | 6.9M |
| Total Liabilities | 162.92M | 141.15M | 138.91M | 132.53M | 147.25M | 304.68M | 292.15M | 299.88M | 311.63M | 317.05M | 358.25M | 375.64M | 408.01M | 570.88M | 584.08M | 422.33M | 394.23M | 416.12M | 436.51M | 427.78M |
| Total Debt | 38.99M | 10.7M | 13.28M | 37.84M | 54.76M | 209.65M | 196.32M | 196.65M | 198.74M | 200.83M | 227.43M | 228.55M | 229.92M | 354.69M | 335.02M | 354.81M | 348.92M | 331.64M | 329.39M | 334.45M |
| Net Debt | 33.53M | 2.35M | -17.1M | 18.6M | 20.29M | 18.98M | 18.58M | 42.36M | 74.43M | 96.9M | 122.33M | 158.97M | 187.48M | 173.02M | 158.03M | 345.11M | 343.1M | 308.23M | 298.75M | 327.99M |
| Debt / Equity | 0.10x | 0.03x | 0.03x | 0.09x | 0.13x | 0.50x | 0.47x | 0.50x | 0.53x | 0.53x | 0.67x | 0.79x | 0.95x | 1.77x | 2.30x | 2.85x | 3.55x | 3.41x | 3.52x | 3.88x |
| Debt / EBITDA | 3.26x | 1.22x | 0.56x | 8.04x | 2.63x | 5.48x | 4.27x | 4.07x | 4.05x | 3.07x | 2.55x | 2.64x | 2.76x | 4.21x | 4.44x | 6.66x | 11.95x | 10.54x | 9.42x | 11.57x |
| Net Debt / EBITDA | 2.80x | 0.27x | -0.73x | 3.95x | 0.97x | 0.50x | 0.40x | 0.88x | 1.52x | 1.48x | 1.37x | 1.84x | 2.25x | 2.05x | 2.10x | 6.48x | 11.75x | 9.80x | 8.54x | 11.35x |
| Interest Coverage | -12.85x | -34.06x | 1.53x | -14.89x | -0.13x | 3.83x | 7.80x | 5.30x | 5.53x | 8.87x | 10.98x | 11.04x | 7.25x | 5.54x | 4.44x | 3.88x | 1.17x | 1.36x | 1.76x | 0.90x |
| Total Equity | 376.62M | 389.06M | 402.25M | 401.19M | 415.27M | 421.09M | 417.63M | 397.17M | 375.53M | 377.31M | 338.27M | 290.32M | 241.61M | 200.85M | 145.62M | 124.53M | 98.31M | 97.27M | 93.45M | 86.2M |
| Equity Growth % | -9.31% | -7.61% | -3.68% | 1.01% | 10.58% | 11.6% | 23.46% | 36.8% | 55.43% | 87.86% | 132.3% | 133.14% | 145.77% | 106.48% | 55.83% | 44.47% | 13.73% | -1.64% | -13.28% | -24.85% |
| Book Value per Share | 3.77 | 3.90 | 4.03 | 4.04 | 4.19 | 4.20 | 4.12 | 3.92 | 3.67 | 3.61 | 3.22 | 2.76 | 2.27 | 1.97 | 1.50 | 1.28 | 1.01 | 1.00 | 0.97 | 0.89 |
| Total Shareholders' Equity | 376.92M | 389.26M | 402.38M | 401.28M | 415.31M | 421.08M | 417.6M | 397.17M | 375.53M | 377.31M | 338.27M | 290.32M | 241.61M | 200.85M | 145.62M | 124.53M | 98.31M | 97.27M | 93.45M | 86.2M |
| Common Stock | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K | 10K |
| Retained Earnings | 282.34M | 295.26M | 310.19M | 310.99M | 325.92M | 332.38M | 319.88M | 299.88M | 281.5M | 261.12M | 223.27M | 177.69M | 131.24M | 87.68M | 56.11M | 37.09M | 14.24M | 13.74M | 10.95M | 4.27M |
| Treasury Stock | -57.3M | -57.3M | -57.3M | -57.3M | -57.3M | -57.3M | -45.98M | -44.82M | -44.93M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M | -23.56M |
| Accumulated OCI | -2.82M | -2.8M | -2.79M | -2.77M | -2.79M | -2.79M | -2.69M | -2.68M | -2.66M | -2.64M | -2.62M | -2.6M | -2.6M | -2.57M | -2.56M | -2.53M | -2.48M | -2.46M | -2.46M | -2.45M |
| Minority Interest | -302K | -197K | -131K | -91K | -47K | 9K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |