Company: TH
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001558370-25-003703
Chunk: 17

Company: Target Hospitality Corp.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8F
Chunk 17
---
Item 8. Financial Statements and Supplementary Data

​

Target Hospitality Corp.

Consolidated Balance Sheets

($ in thousands)

​

​​​​​​​​​December 31, ​December 31, ​    2024    2023Assets ​ ​​Current assets: ​   ​  Cash and cash equivalents​$ 190,668​$ 103,929Accounts receivable, less allowance for credit losses of $534 and $550, respectively​  49,342​  67,092Prepaid expenses and other assets​  9,326​  9,479Total current assets​  249,336​  180,500​​​​​​​Specialty rental assets, net​  320,852​  349,064Other property, plant and equipment, net​  34,935​  34,631Operating lease right-of-use assets, net​​ 24,935​​ 19,698Goodwill​  41,038​  41,038Other intangible assets, net​  52,807​  66,282Deferred financing costs revolver, net​  1,871​  2,479Other non-current assets​​ —​​ 661Total assets​$ 725,774​$ 694,353​​​​​​​Liabilities​   ​   Current liabilities:​   ​   Accounts payable​$ 16,187​$ 20,926Accrued liabilities​  25,782​  33,652Deferred revenue and customer deposits​  699​  1,794Current portion of operating lease obligations​​ 8,548​​ 11,914Current portion of finance lease and other financing obligations (Note 8)​  1,860​  1,369Current warrant liabilities​​ —​​ 675Current portion of long-term debt, net (Note 8)​​ 180,328​​ —Total current liabilities​  233,404​  70,330​​​​​​​Other liabilities:​   ​   Long-term debt (Note 8):​ ​​ ​Principal amount​​ —​​ 181,446Less: unamortized original issue discount​​ —​​ (2,619)Less: unamortized term loan deferred financing costs​​ —​​ (734)Long-term debt, net​​ —​​ 178,093Long-term finance