What is Target Hospitality's current ratio?

Target Hospitality (TH) reported current ratio of 0.8× in Q1 2026.

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

Target Hospitality's current ratio decreased by 57.1% year-over-year, from 2× to 0.8×.

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

Over 5 years (2020 to 2025), Target Hospitality's current ratio has grown at a -1.8% compound annual growth rate (CAGR), from 1× to 0.9×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Target Hospitality TH Current ratio

Current ratio at other companies

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1.2×0.0×

WillScot Holdings CorporationWSC

0.8×0.0×

TeraWulfWULF

1.2×-0.7×

Cipher Digital, Inc. CIFR

3.1×+2.0×

Texas Pacific LandTPL

4.2×-3.6×

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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×

Where this comes from

Calculated from Target Hospitality’s reported figures.

total current assets/total current liabilities=0.8×

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 current ratio?: Target Hospitality (TH) reported current ratio of 0.8× in Q1 2026.
How has Target Hospitality's current ratio changed year-over-year?: Target Hospitality's current ratio decreased by 57.1% year-over-year, from 2× to 0.8×.
What is the long-term trend for Target Hospitality's current ratio?: Over 5 years (2020 to 2025), Target Hospitality's current ratio has grown at a -1.8% compound annual growth rate (CAGR), from 1× to 0.9×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.