Stock Analysis on Net
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).

Accounts Payable
Accounts payable as a percentage of total liabilities and equity exhibited moderate fluctuations from 9.07% in March 2018, peaking near 11.62% in September 2022, before slightly decreasing to 10.97% by March 2023. The general trend indicates a gradual increase over the analyzed period.
Accrued Compensation and Benefits
This item showed variability with initial values around 1.98%-2.97% in 2018, rising to a peak of 3.02% in December 2021 and again reaching nearly 2.99% in December 2022, but declining sharply to 1.98% in March 2023. The pattern suggests intermittent increases with a recent drop at the end of the period.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities maintained a range between 8.17% and 12.1%, exhibiting volatility with an upward movement especially from 2021 onwards, surpassing 11% during 2022 and early 2023, indicating increasing short-term obligations.
Short-term Borrowings and Current Maturities of Long-term Debt
This category experienced notable fluctuations. It was relatively low around 1.9%-3.3% from 2018 to early 2019, then peaked to 5.39% in March 2020, decreased markedly thereafter but surged again in mid-2022 to nearly 5.9%, before declining sharply to 1.95% in the latest quarter. This indicates periods of increased short-term debt refinancing or liquidity needs.
Current Liabilities
Current liabilities as a proportion of total liabilities and equity fluctuated notably, showing an increase from approximately 23.5% in early 2018 to a peak of about 31.84% in mid-2022, followed by a decline to 26.99% by March 2023. Overall, the current liabilities increased over the period, especially in 2022, indicating greater short-term obligations.
Long-term Debt (Excluding Current Maturities)
Long-term debt percentages rose from about 20% in early 2018 to peaks above 26% in 2019 and early 2020, then declined to roughly 20.95% in late 2022, but jumped back to 25.04% in March 2023. This pattern suggests fluctuations in long-term financing, with periods of increased borrowing and subsequent repayments or restructuring.
Postemployment and Other Benefit Liabilities
These liabilities demonstrated a steady decline over time, decreasing from nearly 6.9% in early 2018 to about 3.77% in March 2023, signaling reduced obligations or effective management of such liabilities.
Deferred and Noncurrent Income Taxes
This item remained relatively stable, fluctuating modestly between approximately 2.7% and 3.8% throughout the period, showing no significant trend either upward or downward.
Other Noncurrent Liabilities
Other noncurrent liabilities held relatively steady, mostly ranging between 5.8% and 7.3%, with no marked trend of increase or decrease over the quarters analyzed.
Noncurrent Liabilities
Noncurrent liabilities as a whole increased from about 37.6% in early 2018 to above 43% during 2020, then trended downward to near 34.8% in late 2022, followed by a recovery to 39.18% in March 2023. This indicates variability in long-term obligations, with cyclical peaks and troughs.
Total Liabilities
Total liabilities grew from approximately 61.1% in early 2018 to a peak around 67.5% in mid-2022, before slightly decreasing to 66.17% in March 2023, reflecting an overall increase in leverage relative to total equity and liabilities.
Ordinary Shares
The proportion of ordinary shares remained stable, fluctuating slightly around 1.3%-1.5%, suggesting no major changes in share capital relative to total liabilities and equity.
Ordinary Shares Held in Treasury
This negative figure consistently represented about -8.3% to -9.75%, indicating a stable level of treasury stock held, which slightly increased in absolute terms over time, implying ongoing stock repurchases or treasury holdings.
Capital in Excess of Par Value
Data for this item showed inconsistency with several missing data points and small values mostly below 0.5%, indicating minimal impact or relatively stable levels over time.
Retained Earnings
Retained earnings decreased from about 52.7% in late 2018 to around 45.8% by March 2023, with fluctuations but an overall declining trend, potentially reflecting dividend distributions, share repurchases, or net losses over some periods.
Accumulated Other Comprehensive Loss
This liability showed increasing severity until approximately 2022, widening from -3.4% to nearly -5.6% in late 2022, but improved moderately to -3.91% by March 2023, indicating volatility in other comprehensive income components such as foreign currency translation or pension adjustments.
Total Shareholders’ Equity
The total shareholders’ equity proportion fluctuated moderately, with a decline from 39.9% in late 2018 to about 32.4% in late 2022, followed by a slight recovery to 33.8% in early 2023, suggesting a general erosion in equity relative to liabilities with some recent stabilization.