TH: the balance sheet

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For the quarter ending 2026-03-31, TH has $539,540K in assets. $162,918K in debts. $5,461K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
84.66%
Quick Ratio
84.66%
Cash Ratio
7.89%
Debt to Asset Ratio
30.20%
Unit: Thousand (K) dollars
Assets Breakdown
Specialty rental assets, net
Accounts receivable, less allowa...
Goodwill
Others
Liabilities Breakdown
Total stockholders' equity attri...
Total current liabilities
Deferred tax liability
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	5,461	8,348	30,387	19,237
Accounts receivable, less allowance for credit losses of 312 and 232, respectively	45,634	56,200	42,734	57,435
Prepaid expenses and other assets	7,511	8,790	6,323	6,375
Total current assets	58,606	73,338	79,444	83,047
Specialty rental assets, net	354,685	332,406	331,694	317,375
Other property, plant and equipment, net	35,573	35,754	36,324	36,889
Operating lease right-of-use assets, net	5,204	6,544	8,534	7,719
Goodwill	41,038	41,038	41,038	41,038
Other intangible assets, net	35,969	39,332	42,704	46,076
Deferred financing costs revolver, net	1,581	1,793	1,417	1,570
Other non-current assets	6,884	-	-	-
Total assets	539,540	530,205	541,155	533,714

Accounts payable	33,041	44,393	45,812	21,426
Accrued liabilities	18,345	22,475	17,542	17,168
Deferred revenue and customer deposits	10,985	9,282	9,434	8,508
Current portion of operating lease obligations	4,774	5,807	7,411	7,106
Current portion of finance lease and other financing obligations (note 8)	2,081	2,086	2,221	2,411
Total current liabilities	69,226	84,043	82,420	56,619
Revolving credit facility (note 8)	30,000	-	-	24,000
Long-term finance lease and other financing obligations	1,469	1,675	2,016	2,343
Long-term operating lease obligations	669	1,128	1,635	1,976
Deferred revenue and customer deposits	18,769	9,292	5,534	536
Deferred tax liability	40,056	42,312	44,643	44,427
Asset retirement obligations	2,729	2,695	2,661	2,628
Total liabilities	162,918	141,145	138,909	132,529
Common stock, 0.0001 par, 400,000,000 authorized, 113,450,927 issued and 100,153,997 outstanding as of march 31, 2026 and 113,094,172 issued and 99,797,242 outstanding as of december 31, 2025	10	10	10	10
Common stock in treasury at cost, 13,296,930 shares as of march 31, 2026 and 13,296,930 shares as of december 31, 2025	57,304	57,304	57,304	57,304
Additional paid-in-capital	154,702	154,090	152,272	150,350
Accumulated other comprehensive loss	-2,824	-2,798	-2,794	-2,768
Accumulated earnings	282,340	295,259	310,193	310,988
Total stockholders' equity attributable to target hospitality corp. stockholders	376,924	389,257	402,377	401,276
Noncontrolling interest in consolidated subsidiaries	-302	-197	-131	-91
Total stockholders' equity	376,622	389,060	402,246	401,185
Total liabilities and stockholders' equity	539,540	530,205	541,155	533,714

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

Balance Sheets Overview

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Balance Sheets