Stock Analysis on Net
AI Tokens
Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Trane Technologies plc, common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable 10.97 11.57 11.62 11.31 10.95 9.90 9.66 9.98 9.03 8.37 8.13 7.94 8.20 8.83 8.66 9.14 9.10 9.52 9.55 9.97 9.07
Accrued compensation and benefits 1.98 2.99 2.69 2.60 2.30 3.02 2.54 2.24 2.07 2.48 2.35 2.10 1.79 2.68 2.39 2.09 1.84 2.97 2.76 2.33 1.98
Accrued expenses and other current liabilities 12.10 11.09 11.03 12.00 10.81 11.46 9.58 9.76 9.66 8.77 8.45 8.42 8.67 9.04 9.26 9.82 9.86 9.65 9.40 10.30 9.18
Short-term borrowings and current maturities of long-term debt 1.95 5.80 5.92 5.94 1.99 1.94 1.93 2.59 2.67 4.27 4.32 3.77 5.39 3.17 3.20 4.01 1.89 1.96 1.92 3.26 3.30
Current liabilities 26.99% 31.45% 31.26% 31.84% 26.05% 26.31% 23.70% 24.57% 23.42% 23.90% 23.25% 22.23% 24.05% 23.73% 23.52% 25.06% 22.69% 24.09% 23.62% 25.86% 23.53%
Long-term debt,excluding current maturities 25.04 20.95 21.35 21.42 25.47 24.87 24.67 24.44 25.22 24.76 25.05 26.81 26.22 24.02 24.24 23.81 26.42 20.88 20.43 20.34 20.39
Postemployment and other benefit liabilities 3.77 3.69 4.12 4.28 4.43 4.49 5.37 5.47 5.66 5.64 5.45 5.86 5.72 5.96 5.80 5.79 6.02 6.66 6.60 6.79 6.89
Deferred and noncurrent income taxes 3.56 3.76 3.60 3.49 3.33 3.22 3.29 3.23 3.16 3.19 3.54 3.37 3.18 3.33 3.28 3.51 2.67 3.01 3.33 4.00 4.19
Other noncurrent liabilities 6.81 6.38 6.59 6.51 6.61 6.37 7.33 7.05 7.12 7.11 7.14 7.12 8.00 7.28 7.31 7.12 7.20 5.93 5.90 5.87 6.13
Noncurrent liabilities 39.18% 34.78% 35.66% 35.70% 39.84% 38.95% 40.66% 40.20% 41.16% 40.71% 41.18% 43.17% 43.12% 40.59% 40.63% 40.23% 42.31% 36.47% 36.26% 37.01% 37.59%
Total liabilities 66.17% 66.24% 66.92% 67.54% 65.89% 65.26% 64.36% 64.76% 64.58% 64.60% 64.43% 65.40% 67.17% 64.32% 64.15% 65.29% 65.00% 60.56% 59.88% 62.87% 61.12%
Ordinary shares 1.41 1.40 1.44 1.45 1.46 1.44 1.44 1.43 1.48 1.45 1.47 1.53 1.50 1.28 1.30 1.29 1.34 1.49 1.48 1.47 1.48
Ordinary shares held in treasury, at cost -9.61 -9.51 -9.69 -9.72 -9.75 -9.52 -9.45 -9.36 -9.65 -9.47 -9.58 -9.98 -9.75 -8.39 -8.47 -8.32 -8.69 -9.60 -9.39 -9.36 -9.36
Capital in excess of par value 0.00 0.00 0.00 0.07 0.00 0.00 0.08 0.00 0.00 0.00 0.52 0.27 0.15 0.00 0.00 0.13 0.00 0.00 0.29 0.17 1.36
Retained earnings 45.83 46.02 46.90 45.27 45.92 46.25 47.39 46.63 47.42 46.79 47.32 47.74 46.09 47.49 48.08 45.95 47.01 52.69 52.58 49.57 48.49
Accumulated other comprehensive loss -3.91 -4.24 -5.62 -4.69 -3.62 -3.53 -3.90 -3.55 -3.93 -3.48 -4.24 -5.09 -5.25 -4.91 -5.27 -4.54 -4.85 -5.38 -5.02 -4.92 -3.41
Total Trane Technologies plc shareholders’ equity 33.73% 33.67% 33.02% 32.37% 34.01% 34.64% 35.57% 35.15% 35.33% 35.29% 35.49% 34.47% 32.73% 35.47% 35.64% 34.50% 34.81% 39.20% 39.93% 36.93% 38.56%
Noncontrolling interest 0.10 0.09 0.06 0.09 0.10 0.10 0.07 0.08 0.09 0.11 0.08 0.13 0.10 0.22 0.20 0.21 0.19 0.23 0.19 0.20 0.33
Total equity 33.83% 33.76% 33.08% 32.46% 34.11% 34.74% 35.64% 35.24% 35.42% 35.40% 35.57% 34.60% 32.83% 35.68% 35.85% 34.71% 35.00% 39.44% 40.12% 37.13% 38.88%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The capital structure exhibits a gradual increase in the proportion of total liabilities relative to total equity over the analyzed period. Total liabilities rose from 61.12% in March 2018 to 66.17% by March 2023, peaking at 67.54% in June 2022. Conversely, total equity declined from 38.88% to 33.83% during the same timeframe, reflecting a shift toward a more leveraged financial position.

Current Liability Trends
Current liabilities remained relatively stable between 22% and 26% for most of the period but experienced a significant spike in mid-2022, reaching 31.84% in June 2022. This increase was primarily driven by a rise in accounts payable, which trended upward from 9.07% in March 2018 to a peak of 11.62% in September 2022. Short-term borrowings also displayed volatility, with notable peaks in March 2020 (5.39%) and throughout the second and third quarters of 2022, where they approached 6%.
Noncurrent Liability Dynamics
Noncurrent liabilities peaked in early 2020 at 43.17% before contracting to 34.78% by December 2022, followed by a rebound to 39.18% in March 2023. Long-term debt, excluding current maturities, remained a substantial component of the balance sheet, generally fluctuating between 20% and 26%. A consistent downward trend is observed in postemployment and other benefit liabilities, which decreased from 6.89% in March 2018 to 3.77% in March 2023, indicating a reduction in the relative weight of these long-term obligations.
Equity Composition and Shareholders' Equity
Total shareholders' equity showed a general decline, moving from 38.56% in March 2018 to 33.73% in March 2023. Retained earnings constitute the largest portion of the equity base, although they decreased from a high of 52.69% in December 2018 to 45.83% by March 2023. The equity position is consistently offset by ordinary shares held in treasury, which remained significant throughout the period, typically ranging between -8.3% and -9.9%, suggesting an ongoing program of share repurchases.
Comprehensive Loss and Other Factors
Accumulated other comprehensive loss has remained a persistent negative factor, fluctuating between -3.41% and -5.62%. Noncontrolling interest represents a negligible portion of the total liabilities and equity, consistently remaining below 0.33% across all quarters.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?