Target Hospitality Balance Sheet Health
Financial Health criteria checks 4/6
Target Hospitality has a total shareholder equity of $377.3M and total debt of $178.1M, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are $694.4M and $317.0M respectively. Target Hospitality's EBIT is $245.6M making its interest coverage ratio 10.8. It has cash and short-term investments of $105.8M.
Key information
47.2%
Debt to equity ratio
US$178.09m
Debt
| Interest coverage ratio | 10.8x |
| Cash | US$105.83m |
| Equity | US$377.31m |
| Total liabilities | US$317.05m |
| Total assets | US$694.35m |
Recent financial health updates
Target Hospitality (NASDAQ:TH) Seems To Use Debt Rather Sparingly
Dec 14
Is Target Hospitality (NASDAQ:TH) Using Too Much Debt?
Aug 11Does Target Hospitality (NASDAQ:TH) Have A Healthy Balance Sheet?
Apr 27These 4 Measures Indicate That Target Hospitality (NASDAQ:TH) Is Using Debt Reasonably Well
Jan 03Recent updates
Target Hospitality's (NASDAQ:TH) Earnings Are Of Questionable Quality
Mar 21We Ran A Stock Scan For Earnings Growth And Target Hospitality (NASDAQ:TH) Passed With Ease
Feb 09Things Look Grim For Target Hospitality Corp. (NASDAQ:TH) After Today's Downgrade
Dec 16Target Hospitality (NASDAQ:TH) Seems To Use Debt Rather Sparingly
Dec 14Should You Be Adding Target Hospitality (NASDAQ:TH) To Your Watchlist Today?
Nov 01Target Hospitality Corp.'s (NASDAQ:TH) Intrinsic Value Is Potentially 36% Above Its Share Price
Aug 31Is Target Hospitality (NASDAQ:TH) Using Too Much Debt?
Aug 11With EPS Growth And More, Target Hospitality (NASDAQ:TH) Makes An Interesting Case
Jul 27Does Target Hospitality (NASDAQ:TH) Have A Healthy Balance Sheet?
Apr 27Target Hospitality (NASDAQ:TH) Could Become A Multi-Bagger
Feb 26These 4 Measures Indicate That Target Hospitality (NASDAQ:TH) Is Using Debt Reasonably Well
Jan 03We Like These Underlying Return On Capital Trends At Target Hospitality (NASDAQ:TH)
Nov 08Target Hospitality: Growth Ahead Might Be Modest
Sep 07Target Hospitality GAAP EPS of $0.24 beats by $0.07, revenue of $109.65M beats by $5.05M
Aug 09Target Hospitality: Strong Growth, Investors To Expect More Going Forward
Jul 15Target Hospitality gains 12% pre market on raising FY22 outlook by 53%
Jul 08Target Hospitality: Further Upside Possible, But Plateau In Growth Possible Longer-Term
May 16Target Hospitality: Set To Thrive In The Current Environment
Mar 10Financial Position Analysis
Short Term Liabilities: TH's short term assets ($180.5M) exceed its short term liabilities ($70.3M).
Long Term Liabilities: TH's short term assets ($180.5M) do not cover its long term liabilities ($246.7M).
Debt to Equity History and Analysis
Debt Level: TH's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: TH's debt to equity ratio has increased from 37.2% to 47.2% over the past 5 years.
Debt Coverage: TH's debt is well covered by operating cash flow (88%).
Interest Coverage: TH's interest payments on its debt are well covered by EBIT (10.8x coverage).