Target Hospitality Balance Sheet Health
Financial Health criteria checks 5/6
Target Hospitality has a total shareholder equity of $397.2M and total debt of $179.2M, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are $697.0M and $299.9M respectively. Target Hospitality's EBIT is $178.7M making its interest coverage ratio 9.5. It has cash and short-term investments of $154.3M.
Key information
45.1%
Debt to equity ratio
US$179.18m
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$154.30m |
| Equity | US$397.17m |
| Total liabilities | US$299.88m |
| Total assets | US$697.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TH *'s short term assets ($208.8M) do not cover its short term liabilities ($235.5M).
Long Term Liabilities: TH *'s short term assets ($208.8M) exceed its long term liabilities ($64.4M).
Debt to Equity History and Analysis
Debt Level: TH *'s net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: TH *'s debt to equity ratio has reduced from 288% to 45.1% over the past 5 years.
Debt Coverage: TH *'s debt is well covered by operating cash flow (98.4%).
Interest Coverage: TH *'s interest payments on its debt are well covered by EBIT (9.5x coverage).