Trane Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Trane Technologies has a total shareholder equity of $6.9B and total debt of $4.9B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are $19.3B and $12.4B respectively. Trane Technologies's EBIT is $3.0B making its interest coverage ratio 13.6. It has cash and short-term investments of $849.9M.
Key information
70.6%
Debt to equity ratio
US$4.88b
Debt
Interest coverage ratio | 13.6x |
Cash | US$849.90m |
Equity | US$6.91b |
Total liabilities | US$12.43b |
Total assets | US$19.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0Y2S's short term assets ($6.9B) exceed its short term liabilities ($6.1B).
Long Term Liabilities: 0Y2S's short term assets ($6.9B) exceed its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: 0Y2S's net debt to equity ratio (58.3%) is considered high.
Reducing Debt: 0Y2S's debt to equity ratio has reduced from 80.9% to 70.6% over the past 5 years.
Debt Coverage: 0Y2S's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 0Y2S's interest payments on its debt are well covered by EBIT (13.6x coverage).