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Trane Technologies TT Debt-to-assets

Debt-to-assets at other companies

EMCOR Group logo
EMCOR GroupEME
0.1×0.0×
Johnson Controls International logo
Johnson Controls InternationalJCI
-0.2×
Comfort Systems USA logo
Comfort Systems USAFIX
0.1×0.0×
Lennox International logo
Lennox InternationalLII
0.4×-0.1×
Carrier Global logo
Carrier GlobalCARR
0.3×0.0×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.2×-0.1×

Other financials

Income statement

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Revenue$5.0B+6.0%
Gross profit$1.7B+3.0%
Operating income$776.1M-5.2%
Net income$584.4M-3.4%
EPS (diluted)$2.62-1.9%

Balance sheet

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Total debt$3.9B-17.8%
Total equity$8.6B+14.7%
Total assets$22.8B+13.1%

Cash flow

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Operating cash flow$626.2M+84.5%
CapEx$79.7M-33.0%
Free cash flow$546.5M+148%

Valuation

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Market cap$106.86B+22.1%
P/E36.9×+4.9×
P/S+0.6×

Profitability

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Gross margin31.8%
Operating margin18.2%0.0pp
Net margin13.4%-0.1pp

Returns & leverage

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Return on equity36%-2.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×0.0×

Where this comes from

Calculated from Trane Technologies’s reported figures.

Based on the most recent quarter.

The official record: Trane Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's debt-to-assets?
Trane Technologies (TT) reported debt-to-assets of 0.2× in Q1 2026.
How has Trane Technologies's debt-to-assets changed year-over-year?
Trane Technologies's debt-to-assets decreased by 27.3% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Trane Technologies's debt-to-assets?
Over 4 years (2021 to 2025), Trane Technologies's debt-to-assets has grown at a -3.8% compound annual growth rate (CAGR), from 1.1× to 0.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.