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 ratio | 16.2x |
| Cash | US$1.93b |
| Equity | US$7.61b |
| Total liabilities | US$13.29b |
| Total assets | US$20.90b |
Recent financial health updates
No updates
Recent updates
Trane 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 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 17Financial 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).