Trane Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Trane Technologies has a total shareholder equity of $7.0B and total debt of $4.8B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are $19.4B and $12.4B respectively. Trane Technologies's EBIT is $2.8B making its interest coverage ratio 12.9. It has cash and short-term investments of $1.1B.
Key information
68.1%
Debt to equity ratio
US$4.78b
Debt
| Interest coverage ratio | 12.9x |
| Cash | US$1.10b |
| Equity | US$7.02b |
| Total liabilities | US$12.37b |
| Total assets | US$19.39b |
Recent financial health updates
No updates
Recent updates
Trane 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 01Trane Technologies declares $0.67 dividend
Oct 12August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month
Sep 23Trane Technologies: Total Return Is Good And Has The Right Product At The Right Time
Aug 17Trane Technologies Q2 2022 Earnings Preview
Aug 02We Believe Trane Technologies Is Finally In 'Buy' Territory
May 31Apparently, It's Not So Hard To Stop A Trane
Feb 11Financial Position Analysis
Short Term Liabilities: TT's short term assets ($6.9B) exceed its short term liabilities ($6.1B).
Long Term Liabilities: TT's short term assets ($6.9B) exceed its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: TT's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: TT's debt to equity ratio has increased from 57.9% to 68.1% over the past 5 years.
Debt Coverage: TT's debt is well covered by operating cash flow (50%).
Interest Coverage: TT's interest payments on its debt are well covered by EBIT (12.9x coverage).