Is it safe?
Can TH take a bad year?
Target Hospitality Corp. carries $28M of net debt at 1.03× EBITDA: a load its earnings can carry.
$28M
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.03×
Net debt / EBITDA · 0.07× a year ago · the load is going up
- Altman Z-score
- 9.69
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.09×
Debt / equity
Details›
- Total debtQ1 2026
- $34M
- Cash and short-term investments
- $5.5M
- Net debt
- $28M
- EBITDA, trailing twelve months
- $27M
- Operating profit, trailing twelve months
- −$48M
- Debt / equity
- 0.09×
- Total debt / EBITDA
- 1.23×
- Annualised volatilitytwo years of daily moves
- 66%
- Worst drawdown on file
- −92%
- Below its 52-week high
- −18%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Business Services
Ranks #1 of 18 by Smart Score