Target Hospitality Quarterly Balance Sheet
NASDAQ: THConsumer DiscretionaryHotels/ResortsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Target Hospitality financial position
As of Jun 30, 2026, Target Hospitality reported total assets of $654.2 million, up 22.6% from a year earlier against total liabilities of $284.4 million. Shareholders' equity stood at $370.1 million, or 56.6% of assets. The company held $6.1 million in cash and equivalents against $44.7 million of debt, a net debt position of $38.6 million.
The current ratio (current assets divided by current liabilities) was 0.65, meaning short-term obligations exceed short-term assets. Debt-to-equity was 0.12.
Summary generated from market data by MetaCap's automated system. Methodology
Target Hospitality balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.07M | 5.46M | 8.35M | 30.39M | 19.24M | 34.47M | 190.67M | 177.75M | 154.30M | 124.30M | 103.93M | 105.10M |
| Receivables | 50.43M | 45.63M | 56.20M | 42.73M | 57.44M | 56.95M | 49.34M | 47.29M | 48.74M | 53.84M | 67.09M | 59.46M |
| Inventory | — | — | 2.10M | — | — | — | 1.90M | — | — | — | 2.10M | — |
| Total Current Assets | 63.87M | 58.61M | 73.34M | 79.44M | 83.05M | 99.59M | 249.34M | 231.38M | 208.83M | 186.07M | 180.50M | 171.56M |
| Property, Plant & Equipment | — | — | — | 331.69M | 317.38M | 326.13M | 320.85M | 331.58M | 336.44M | 342.99M | 349.06M | 360.16M |
| 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 |
| Intangible Assets | 32.60M | 35.97M | 39.33M | 42.70M | 46.08M | 49.44M | 52.81M | 56.18M | 59.55M | 62.92M | 66.28M | 69.66M |
| Total Assets | 654.19M | 539.54M | 530.21M | 541.15M | 533.71M | 562.52M | 725.77M | 709.78M | 697.05M | 687.17M | 694.35M | 696.52M |
| Accounts Payable | 47.41M | 33.04M | 44.39M | 45.81M | 21.43M | 23.13M | 16.19M | 16.92M | 17.54M | 17.27M | 20.93M | 21.25M |
| Short-Term Debt | 2.54M | 2.08M | 2.09M | 2.22M | 2.41M | 2.25M | 180.33M | 179.74M | 179.18M | 1.57M | 1.37M | 208.13M |
| Total Current Liabilities | 98.86M | 69.23M | 84.04M | 82.42M | 56.62M | 50.51M | 233.40M | 229.29M | 235.51M | 66.81M | 70.33M | 294.19M |
| Long-Term Debt | 42.12M | 31.47M | 1.68M | 2.02M | 26.34M | 42.94M | 1.45M | 994.00K | 1.11M | 178.63M | 178.09M | 1.05M |
| Total Liabilities | 284.40M | 162.92M | 141.15M | 138.91M | 132.53M | 147.25M | 304.68M | 292.15M | 299.88M | 311.63M | 317.05M | 358.25M |
| Shareholders' Equity | 370.11M | 376.92M | 389.26M | 402.38M | 401.28M | 415.31M | 421.08M | 417.60M | 397.17M | 375.53M | 377.31M | 338.27M |
| Retained Earnings | 273.31M | 282.34M | 295.26M | 310.19M | 310.99M | 325.92M | 332.38M | 319.88M | 299.88M | 281.50M | 261.12M | 223.27M |
| Total Debt | 44.65M | 33.55M | 3.76M | 4.24M | 28.75M | 45.19M | 181.78M | 180.74M | 180.28M | 180.20M | 179.46M | 209.18M |
| Net Cash (Debt) | -38.59M | -28.09M | 4.59M | 26.15M | -9.52M | -10.72M | 8.89M | -2.99M | -25.99M | -55.90M | -75.53M | -104.07M |
| Shares Outstanding | 100.29M | 100.15M | 99.80M | 99.78M | 99.78M | 99.36M | 98.95M | 100.30M | 100.43M | 100.11M | 101.66M | 101.66M |
This table shows 12 quarterly periods of Target Hospitality's balance sheet, from Q2 2026 back to Q3 2023, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow TH's reporting calendar. What is a balance sheet?