Stock Analysis on Net
Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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Trane Technologies plc, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents
Accounts and notes receivable, net
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets, net
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets shows significant fluctuation over the period. Starting at a moderate level around 6.4% in early 2018, it spikes sharply in the first half of 2020, peaking above 18%, likely reflecting a liquidity buildup amid external uncertainties. Subsequently, a steady decline is observed, reaching a low of 3.87% by March 2023.
Accounts and notes receivable, net
This category maintains a relatively stable share of total assets, generally ranging between 11.86% and 16.16%. Notably, a slight upward trend emerges from mid-2021 through mid-2022 before tapering off toward early 2023, indicating some recovery or growth in receivables during that period.
Inventories
The inventory share of total assets remains fairly consistent around 9-10% initially, but a clear upward trend is evident starting from early 2021. By March 2023, inventories reach 13.1% of total assets, suggesting increased stock levels that may be tied to growth in operations or supply chain considerations.
Other current assets
Other current assets account for a small, relatively steady proportion of total assets, fluctuating modestly between about 1.24% and 3.28% over the period. The general pattern is stable with minor increases during the more recent quarters.
Current assets
Current assets as a total percentage of total assets fluctuate between 30% and nearly 39%. A notable increase occurs in 2020, paralleling the spike in cash, peaking in the fourth quarter at over 38%. This indicates a substantial accumulation of short-term resources during that year, followed by a gradual return to lower levels around 34% by early 2023.
Property, plant and equipment, net
These assets comprise between roughly 7.3% and 9.7% of total assets, showing slight variability but no strong directional trend. There is a small increase towards the end of the period, suggesting stable or slightly growing investment in fixed assets.
Goodwill
Goodwill constitutes a substantial portion of total assets, generally between 28.8% and 33.3%. A gradual decline is observable from early 2018 through 2020, bottoming out near 28.68%, followed by modest recovery and stability near 30-31% from 2021 onward.
Intangible assets, net
The share of intangible assets remains consistent, fluctuating around 17-20% of total assets. A slight decrease is noted early in the period, with stabilization around 18% from 2020 forward.
Other noncurrent assets
Other noncurrent assets demonstrate a gradual increase in proportion, rising from around 4.4% in early 2018 to over 8.3% by March 2023. This steady rise suggests growing investments or reserves in noncore long-term assets.
Noncurrent assets
The total noncurrent asset ratio decreases from approximately 68% in late 2018 to around 61% by early 2021, before gradually increasing again toward 66% by the first quarter of 2023. This reflects shifts between current and noncurrent asset allocation but maintains a two-thirds share of total assets overall.
Total assets
All components are expressed as a proportion of total assets, which naturally remains at 100% throughout the period, serving as the baseline for all other ratios.