Trane Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Trane Technologies has a total shareholder equity of $7.0B and total debt of $5.3B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are $20.2B and $13.2B respectively. Trane Technologies's EBIT is $3.2B making its interest coverage ratio 14.9. It has cash and short-term investments of $1.3B.
Key information
75.6%
Debt to equity ratio
US$5.27b
Debt
| Interest coverage ratio | 14.9x |
| Cash | US$1.33b |
| Equity | US$6.97b |
| Total liabilities | US$13.23b |
| Total assets | US$20.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2IS's short term assets ($7.7B) exceed its short term liabilities ($6.6B).
Long Term Liabilities: 2IS's short term assets ($7.7B) exceed its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: 2IS's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 2IS's debt to equity ratio has reduced from 80.2% to 75.6% over the past 5 years.
Debt Coverage: 2IS's debt is well covered by operating cash flow (53.2%).
Interest Coverage: 2IS's interest payments on its debt are well covered by EBIT (14.9x coverage).