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Target Hospitality (Target Hospitality) Effective Interest Rate on Debt % : 10.56% (As of Dec. 2023)


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What is Target Hospitality Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Target Hospitality's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $22.6 Mil. Target Hospitality's average total debt for the quarter that ended in Dec. 2023 was $214.1 Mil. Therefore, Target Hospitality's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.56%.


Target Hospitality Effective Interest Rate on Debt % Historical Data

The historical data trend for Target Hospitality's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Target Hospitality Effective Interest Rate on Debt % Chart

Target Hospitality Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 11.26 9.21 9.68 9.69 8.60

Target Hospitality Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.83 10.54 9.19 9.26 10.56

Competitive Comparison of Target Hospitality's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Target Hospitality's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Target Hospitality's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Target Hospitality's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Target Hospitality's Effective Interest Rate on Debt % falls into.



Target Hospitality Effective Interest Rate on Debt % Calculation

Target Hospitality's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -23.897/( (354.691+200.826)/ 2 )
=-1  *  -23.897/277.7585
=8.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=341.04 + 13.651
=354.691

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=187.543 + 13.283
=200.826

Target Hospitality's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -22.608/( (227.429+200.826)/ 2 )
=-1  *  -22.608/214.1275
=10.56 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.144 + 218.285
=227.429

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=187.543 + 13.283
=200.826

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Target Hospitality  (NAS:TH) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Target Hospitality Effective Interest Rate on Debt % Related Terms

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Target Hospitality (Target Hospitality) Business Description

Traded in Other Exchanges
N/A
Address
9320 Lakeside Boulevard, Suite 300, The Woodlands, Houston, TX, USA, 77381
Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists primarily of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.
Executives
Eric Kalamaras officer: EVP and CFO ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Troy C. Schenk officer: Chief Commercial Officer C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jason Paul Vlacich officer: Chief Accounting Officer C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Alejandro Hernandez director 12500 BALTIMORE AVENUE, BELTSVILLE MD 20750
James B. Archer director, officer: President and CEO C/O TARGET HOSPITALITY, 2170 BUCKTHORNE PLACE, SUITE 440, THE WOODLANDS TX 77380
Jeffrey Sagansky director 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Pamela H. Patenaude director 26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610
Tdr Capital Ii Investments Lp 10 percent owner 20 BENTINCK STREET, LONDON X0 W1U 2EU
Manjit Dale 10 percent owner C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Capital Llp Tdr 10 percent owner 20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson director, 10 percent owner 20 BENTINCK STREET, LONDON X0 W1U 2EU
Arrow Holdings S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT, LUXEMBOURG N4 L-2453
Modulaire Holding S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Global S.a.r.l. 10 percent owner 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453
Mfa Limited Partnership Slp 10 percent owner 20 RUE EUGENE RUPPERT, LUXEMBOURG CITY N4 L-2453