Trane Technologies Balance Sheet Health

Financial Health criteria checks 5/6

Trane Technologies has a total shareholder equity of $7.6B and total debt of $5.3B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are $20.9B and $13.3B respectively. Trane Technologies's EBIT is $3.4B making its interest coverage ratio 16.2. It has cash and short-term investments of $1.9B.

Key information

69.2%

Debt to equity ratio

US$5.27b

Debt

Interest coverage ratio16.2x
CashUS$1.93b
EquityUS$7.61b
Total liabilitiesUS$13.29b
Total assetsUS$20.90b

Recent financial health updates

No updates

Recent updates

Trane Technologies Q3: Strong North America And Weak China

Oct 31

Trane Technologies: Good Growth Prospects, But High Valuation Limits Upside (Rating Downgrade)

Jul 29

Trane Technologies: It's Not Going To Get Cooler

Jun 12

Trane Technologies: This Steaming Valuation Needs To Cool Down Before I Buy

May 31

Trane Technologies: Strong Commercial HVAC Growth In FY24

Mar 20

Don't Be Afraid To Hop Aboard The Trane

Feb 08

Trane Technologies: Good Growth Prospects And A Reasonable Valuation

Nov 29

Trane Technologies: Powering A Sustainable And Lucrative Future

Sep 21

Trane Technologies: A Good Buy At Current Levels

Sep 08

Trane Technologies: Riding Energy Efficiency And Decarbonization

Jun 27

Trane Technologies: Buy For Good Total Return, But A Bit Pricey At Present

Feb 16

Trane Technologies lifts dividend by 12% to $0.75/share

Feb 09

Trane Technologies Q4 2022 Earnings Preview

Feb 01

Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation

Nov 09

Trane Technologies Q3 2022 Earnings Preview

Nov 01

Trane Technologies declares $0.67 dividend

Oct 12

August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month

Sep 23

Trane Technologies: Total Return Is Good And Has The Right Product At The Right Time

Aug 17

Financial Position Analysis

Short Term Liabilities: TT's short term assets ($8.1B) exceed its short term liabilities ($6.6B).

Long Term Liabilities: TT's short term assets ($8.1B) exceed its long term liabilities ($6.7B).


Debt to Equity History and Analysis

Debt Level: TT's net debt to equity ratio (43.9%) is considered high.

Reducing Debt: TT's debt to equity ratio has reduced from 76.6% to 69.2% over the past 5 years.

Debt Coverage: TT's debt is well covered by operating cash flow (60.4%).

Interest Coverage: TT's interest payments on its debt are well covered by EBIT (16.2x coverage).


Balance Sheet


Discover healthy companies