Trane Technologies (FRA:2IS) Debt-to-Equity : 0.71 (As of Mar. 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 Mar. 2024 was €830 Mil. Trane Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,660 Mil. Trane Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €6,339 Mil. Trane Technologies's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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:

FRA:2IS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.76 Max: 0.97
Current: 0.71

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.

FRA:2IS's Debt-to-Equity is ranked worse than
64.85% of 1508 companies
in the Construction industry
Industry Median: 0.44 vs FRA:2IS: 0.71

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

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0.77

0.82

0.77

0.79

0.68

Trane Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.80	0.72	0.68	0.71

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(735.342	+	3647.734)	/	6414.598
	=	0.68

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(829.932	+	3660.404)	/	6338.524
	=	0.71

Trane Technologies (FRA:2IS) 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 (FRA:2IS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trane Technologies PLC (FRA:2IS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TT:USA TT:Mexico 0Y2S:UK I1RP34:Brazil

Address

170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL

Website

https://www.tranetechnologies.com

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 $16 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.

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