Name: Trane Technologies plc (NYSE:TT) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Trane Technologies plc, consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	1,220,500)	2,159,200)	3,289,900)	1,303,600)	903,400)
Accounts and notes receivable, net	2,780,100)	2,429,400)	2,202,100)	2,798,100)	2,679,200)
Inventories	1,993,800)	1,530,800)	1,189,200)	1,712,200)	1,677,800)
Other current assets	384,800)	351,500)	224,400)	403,300)	471,600)
Current assets	6,379,200)	6,470,900)	6,905,600)	6,217,200)	5,732,000)
Property, plant and equipment, net	1,536,100)	1,398,800)	1,349,500)	1,806,200)	1,730,800)
Goodwill	5,503,700)	5,504,800)	5,342,800)	6,783,100)	5,959,500)
Intangible assets, net	3,264,000)	3,305,600)	3,286,400)	4,148,800)	3,634,700)
Other noncurrent assets	1,398,600)	1,379,700)	1,272,400)	1,537,000)	857,900)
Noncurrent assets	11,702,400)	11,588,900)	11,251,100)	14,275,100)	12,182,900)
Total assets	18,081,600)	18,059,800)	18,156,700)	20,492,300)	17,914,900)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

The asset structure of the organization exhibits a pattern of overall stability with notable fluctuations in liquidity and intangible asset valuations between 2018 and 2022. Total assets peaked in 2019 at 20.49 billion USD before stabilizing at approximately 18.1 billion USD from 2020 through 2022.

Liquidity and Current Asset Analysis: Current assets reached a maximum of 6.91 billion USD in 2020, driven primarily by a significant surge in cash and cash equivalents, which peaked at 3.29 billion USD. Following this peak, cash levels declined steadily to 1.22 billion USD by the end of 2022. In contrast, inventory levels showed a marked increase in the latter part of the period, rising from a low of 1.19 billion USD in 2020 to 1.99 billion USD in 2022, suggesting a strategic shift in inventory management or an increase in working capital commitments.
Noncurrent Asset and Intangible Trends: Noncurrent assets experienced a contraction after 2019, moving from a peak of 14.28 billion USD to a range between 11.25 billion and 11.70 billion USD between 2020 and 2022. This trend is largely attributable to decreases in goodwill and intangible assets, which both declined between 2019 and 2020 and remained relatively stagnant thereafter. Property, plant, and equipment maintained a consistent baseline, ending the period at 1.54 billion USD.
Asset Composition and Stability: The balance sheet remains heavily weighted toward noncurrent assets, specifically goodwill and intangible assets, which constitute a substantial portion of the total asset base. While current assets have fluctuated due to cash volatility, the long-term asset base has remained resilient, with total assets showing minimal variance between 2020 and 2022.

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?