What is Target Hospitality's cash ratio?

Target Hospitality (TH) reported cash ratio of 0.1× in Q1 2026.

How has Target Hospitality's cash ratio changed year-over-year?

Target Hospitality's cash ratio decreased by 88.4% year-over-year, from 0.7× to 0.1×.

What is the long-term trend for Target Hospitality's cash ratio?

Over 5 years (2020 to 2025), Target Hospitality's cash ratio has grown at a -8.3% compound annual growth rate (CAGR), from 0.2× to 0.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Target Hospitality TH Cash ratio

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Other financials

Income statement

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Revenue$72.8M+4.1%

Gross profit$6.9M-61.7%

Operating income-$14.3M-1,231%

Net income-$12.9M-100.0%

EPS (diluted)-$0.13-85.7%

Balance sheet

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Cash & equivalents$5.5M-84.2%

Total debt$11.0M-20.4%

Total equity$376.9M-9.2%

Total assets$539.5M-4.1%

Cash flow

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Operating cash flow$7.0M+78.7%

CapEx$176.0K-71.4%

Free cash flow$6.9M+106%

Valuation

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Market cap$2.04B+42.2%

Enterprise value$2.05B+47.7%

P/S6.3×+2.2×

Profitability

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Gross margin9.8%-32.3pp

Operating margin-14.8%-36.9pp

Net margin-13.5%-26.2pp

FCF margin23.8%-6.0pp

Returns & leverage

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Return on equity-11%-22.2pp

Debt / equity0×0.0×

Current ratio0.8×-1.1×

Where this comes from

Calculated from Target Hospitality’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: Target Hospitality’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target Hospitality's cash ratio?: Target Hospitality (TH) reported cash ratio of 0.1× in Q1 2026.
How has Target Hospitality's cash ratio changed year-over-year?: Target Hospitality's cash ratio decreased by 88.4% year-over-year, from 0.7× to 0.1×.
What is the long-term trend for Target Hospitality's cash ratio?: Over 5 years (2020 to 2025), Target Hospitality's cash ratio has grown at a -8.3% compound annual growth rate (CAGR), from 0.2× to 0.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.