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

Balance Sheet: Assets
Quarterly Data

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

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Current Assets: Selected Items

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

US$ in thousands

	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	692,900)	1,220,500)	1,080,200)	1,090,200)	1,348,400)	2,159,200)	2,738,800)	2,912,400)	2,838,000)	3,289,900)	3,190,100)	2,366,800)	2,647,700)	1,303,600)	830,900)	875,600)	1,907,400)	903,400)	1,022,500)	969,500)	1,175,100)
Accounts and notes receivable, net	2,606,000)	2,780,100)	2,867,400)	2,758,200)	2,429,800)	2,429,400)	2,432,300)	2,532,100)	2,159,400)	2,202,100)	2,312,600)	2,316,400)	2,091,800)	2,798,100)	2,968,900)	3,108,300)	2,710,300)	2,679,200)	2,752,100)	2,946,900)	2,516,000)
Inventories	2,343,700)	1,993,800)	1,949,200)	1,886,900)	1,872,300)	1,530,800)	1,482,800)	1,386,300)	1,373,100)	1,189,200)	1,229,200)	1,353,000)	1,463,700)	1,712,200)	1,890,600)	1,950,500)	1,983,700)	1,677,800)	1,821,400)	1,733,300)	1,778,800)
Other current assets	432,200)	384,800)	402,300)	389,900)	380,000)	351,500)	337,500)	294,300)	251,600)	224,400)	241,600)	308,500)	356,600)	403,300)	412,700)	417,100)	483,300)	471,600)	486,600)	512,000)	601,600)
Current assets	6,074,800)	6,379,200)	6,299,100)	6,125,200)	6,030,500)	6,470,900)	6,991,400)	7,125,100)	6,622,100)	6,905,600)	6,973,500)	6,344,700)	6,559,800)	6,217,200)	6,103,100)	6,351,500)	7,084,700)	5,732,000)	6,082,600)	6,161,700)	6,071,500)
Property, plant and equipment, net	1,582,300)	1,536,100)	1,432,100)	1,425,900)	1,422,200)	1,398,800)	1,336,700)	1,324,900)	1,327,700)	1,349,500)	1,314,100)	1,314,700)	1,326,200)	1,806,200)	1,779,100)	1,794,100)	1,738,400)	1,730,800)	1,673,400)	1,646,800)	1,611,300)
Goodwill	5,522,600)	5,503,700)	5,370,300)	5,456,600)	5,496,400)	5,504,800)	5,310,100)	5,334,100)	5,311,200)	5,342,800)	5,144,300)	5,090,700)	5,082,300)	6,783,100)	6,712,800)	6,859,600)	5,968,600)	5,959,500)	5,989,000)	6,001,100)	6,118,900)
Intangible assets, net	3,231,400)	3,264,000)	3,241,100)	3,282,500)	3,271,300)	3,305,600)	3,198,400)	3,227,400)	3,256,900)	3,286,400)	3,233,000)	3,257,300)	3,289,000)	4,148,800)	4,174,400)	4,230,300)	3,608,500)	3,634,700)	3,679,700)	3,704,900)	3,756,300)
Other noncurrent assets	1,486,300)	1,398,600)	1,397,200)	1,390,600)	1,416,500)	1,379,700)	1,365,600)	1,357,900)	1,306,900)	1,272,400)	1,274,500)	1,216,200)	1,378,300)	1,537,000)	1,537,500)	1,432,100)	1,380,800)	857,900)	879,800)	863,400)	807,100)
Noncurrent assets	11,822,600)	11,702,400)	11,440,700)	11,555,600)	11,606,400)	11,588,900)	11,210,800)	11,244,300)	11,202,700)	11,251,100)	10,965,900)	10,878,900)	11,075,800)	14,275,100)	14,203,800)	14,316,100)	12,696,300)	12,182,900)	12,221,900)	12,216,200)	12,293,600)
Total assets	17,897,400)	18,081,600)	17,739,800)	17,680,800)	17,636,900)	18,059,800)	18,202,200)	18,369,400)	17,824,800)	18,156,700)	17,939,400)	17,223,600)	17,635,600)	20,492,300)	20,306,900)	20,667,600)	19,781,000)	17,914,900)	18,304,500)	18,377,900)	18,365,100)

Total assets exhibited a period of growth peaking in mid-2019 before undergoing a significant contraction in the first quarter of 2020. Following this correction, the asset base stabilized, fluctuating within a range of approximately 17.2 billion to 18.3 billion USD through March 2023, ending the period at 17.9 billion USD.

Liquidity and Cash Position: Cash and cash equivalents showed substantial volatility. A marked increase occurred throughout 2020, reaching a peak of 3.29 billion USD by December 31, 2020. However, a sustained downward trend followed throughout 2021 and 2022, with cash reserves declining to 692.9 million USD by March 31, 2023, representing the lowest level recorded in the analyzed period.
Inventory Management: Inventories reached a cyclical low in late 2020 at approximately 1.19 billion USD. From 2021 onward, a consistent upward trajectory is observed, culminating in a peak of 2.34 billion USD by March 31, 2023. This reflects a significant increase in capital tied up in inventory compared to both the early 2020 levels and the 2018-2019 averages.
Intangible Assets and Goodwill: A sharp reduction in non-current assets occurred in the first quarter of 2020. Goodwill decreased from 6.78 billion USD in December 2019 to 5.08 billion USD, while net intangible assets fell from 4.15 billion USD to 3.29 billion USD. This suggests a material impairment event or structural divestiture. Following this adjustment, these values remained relatively stagnant with only marginal fluctuations through March 2023.
Fixed Asset Trends: Property, plant, and equipment, net, experienced a decline during the first quarter of 2020, dropping to 1.33 billion USD from a high of 1.81 billion USD in late 2019. Since that period, there has been a gradual and steady recovery, with the value increasing to 1.58 billion USD by March 2023.
Working Capital Components: Net accounts and notes receivable remained relatively stable over the long term, though a dip was noted during 2020. A subsequent recovery occurred through 2022, peaking at 2.87 billion USD in June 2022, before moderating to 2.61 billion USD by March 2023. Other current assets also showed a recovery trend from a low of 224.4 million USD in December 2020 to 432.2 million USD by March 2023.

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Trane Technologies plc (NYSE:TT)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data