TH · CIK 0001712189 · FY2025 live · 2025-12-31
Target Hospitality Corp.
View as
Model
Z″
FY2025
4.14
Zone
Safe
Prior
—
Market DD
—
1y PD
—
4.14
Classic Z 2.71
Z″ 4.14 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.026.56 × = −0.13X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.563.26 × = 1.82X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.076.72 × = −0.44X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names keep turnover from dragging the score.
2.761.05 × = 2.90
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings.
Meridian Rank
75.36
0–100 · Z″ family
Book standing
80
Year change
—
Market PD
—
O-score
63
Events on this name
Same published rows as Today.
Approaching grey
watch · 41
- Live score: — → 4.14
- Cut: — → 1.10
Overview
rule-v1
Target Hospitality Corp. is on Z″ at 4.14 (safe) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print; retained earnings / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ omits sales/assets so asset-light names keep turnover from dragging the score. X4 is book equity on every name.
Book screen Safe; market PD —. Market PD has not been priced on this name.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 81st percentile in Consumer.
Filing line items
Current assets
$73M
Total assets
$530M
Current liabilities
$84M
Total liabilities
$141M
Working capital
−$11M
Retained earnings
$295M
EBIT
−$35M
Total sales
$275M
Book equity
$389M
Accession 0001104659-26-026351. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as is a display overlay. X4 is book equity. Pulled 13 Sept 2026.