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TT (Trane Technologies) Debt-to-Equity : 0.69 (As of Sep. 2024)


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What is Trane Technologies Debt-to-Equity?

Trane Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $952 Mil. Trane Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,317 Mil. Trane Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $7,592 Mil. Trane Technologies's debt to equity for the quarter that ended in Sep. 2024 was 0.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Trane Technologies's Debt-to-Equity or its related term are showing as below:

TT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56   Med: 0.76   Max: 0.97
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Trane Technologies was 0.97. The lowest was 0.56. And the median was 0.76.

TT's Debt-to-Equity is ranked worse than
67.88% of 1544 companies
in the Construction industry
Industry Median: 0.43 vs TT: 0.76

Trane Technologies Debt-to-Equity Historical Data

The historical data trend for Trane Technologies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trane Technologies Debt-to-Equity Chart

Trane Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.82 0.77 0.79 0.68

Trane Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.68 0.71 0.76 0.69

Competitive Comparison of Trane Technologies's Debt-to-Equity

For the Building Products & Equipment subindustry, Trane Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Trane Technologies's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Trane Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Trane Technologies's Debt-to-Equity falls into.



Trane Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trane Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Trane Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Trane Technologies  (NYSE:TT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Trane Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Trane Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Trane Technologies Business Description

Address
170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $18 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.
Executives
Raymond D Pittard officer: Executive Vice President 800-E BEATY STREET, DAVIDSON NC 28036
David S Regnery director, officer: Chair and CEO C/O INTERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Evan M Turtz officer: Senior Vice President C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Paul A Camuti officer: Senior Vice President 800-E BEATY STREET, DAVIDSON NC 28036
Christopher J Kuehn officer: Vice President & Controller 800-E BEATY STREET, DAVIDSON NC 28036
Mairead Magner officer: Senior Vice President 800-E BEATY STREET, DAVIDSON NC 28036
Keith A Sultana officer: Senior Vice President C/O INGERSOLL RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mark Majocha officer: VP & Chief Accounting Officer C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036
De Jesus Assis Ana Paula director C/O TRANE TECHNOLOGIES COMPANY LLC, 800-E BEATY STREET, DAVIDSON NC 28036
Linda P Hudson director
John A Hayes director C/O BALL CORP, 10 LONGS PEAK DR, BROOMFIELD CO 80021-2510
Melissa N. Schaeffer director 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Mark R George director 650 W PEACHTREE ST NW, ATLANTA GA 30308
Marcia J Avedon officer: Senior Vice President C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Michael W Lamach director, officer: President and CEO C/O INGERSOLL-RAND CO, 800-E BEATY STREET, DAVIDSON NC 28036