Trane Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Trane Technologies has a total shareholder equity of $7.5B and total debt of $4.8B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are $20.1B and $12.7B respectively. Trane Technologies's EBIT is $3.5B making its interest coverage ratio 14.6. It has cash and short-term investments of $1.6B.
Key information
63.7%
Debt to equity ratio
US$4.77b
Debt
| Interest coverage ratio | 14.6x |
| Cash | US$1.59b |
| Equity | US$7.49b |
| Total liabilities | US$12.66b |
| Total assets | US$20.15b |
Recent financial health updates
No updates
Recent updates
Trane Technologies Has Left The Station
Jan 11Trane Technologies Q3: Strong North America And Weak China
Oct 31Trane Technologies: Good Growth Prospects, But High Valuation Limits Upside (Rating Downgrade)
Jul 29Trane Technologies: It's Not Going To Get Cooler
Jun 12Trane Technologies: This Steaming Valuation Needs To Cool Down Before I Buy
May 31Trane Technologies: Strong Commercial HVAC Growth In FY24
Mar 20Don't Be Afraid To Hop Aboard The Trane
Feb 08Trane Technologies: Good Growth Prospects And A Reasonable Valuation
Nov 29Trane Technologies: Powering A Sustainable And Lucrative Future
Sep 21Trane Technologies: A Good Buy At Current Levels
Sep 08Trane Technologies: Riding Energy Efficiency And Decarbonization
Jun 27Trane Technologies: Buy For Good Total Return, But A Bit Pricey At Present
Feb 16Trane Technologies lifts dividend by 12% to $0.75/share
Feb 09Trane Technologies Q4 2022 Earnings Preview
Feb 01Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation
Nov 09Trane Technologies Q3 2022 Earnings Preview
Nov 01Financial Position Analysis
Short Term Liabilities: TT's short term assets ($7.3B) exceed its short term liabilities ($6.1B).
Long Term Liabilities: TT's short term assets ($7.3B) exceed its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: TT's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: TT's debt to equity ratio has reduced from 76.2% to 63.7% over the past 5 years.
Debt Coverage: TT's debt is well covered by operating cash flow (65.9%).
Interest Coverage: TT's interest payments on its debt are well covered by EBIT (14.6x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 08:46 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Trane Technologies plc is covered by 44 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Timothy Wojs | Baird |
| Julian Mitchell | Barclays |