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.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area

Try for free

Trane Technologies plc pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Trane Technologies plc, consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Accrued compensation and benefits
Accrued expenses and other current liabilities
Short-term borrowings and current maturities of long-term debt
Current liabilities
Long-term debt,excluding current maturities
Postemployment and other benefit liabilities
Deferred and noncurrent income taxes
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Ordinary shares, $1.00 par value
Ordinary shares held in treasury, at cost
Retained earnings
Accumulated other comprehensive loss
Total Trane Technologies plc shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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).

Liabilities
The total liabilities experienced a notable increase from 10,850,100 thousand US dollars in 2018 to a peak of 13,179,900 thousand US dollars in 2019, followed by a decline to 11,729,600 thousand US dollars in 2020. Subsequently, liabilities stabilized around 11,786,700 and 11,976,400 thousand US dollars in 2021 and 2022, respectively.
Current liabilities showed a pattern of growth from 4,315,700 thousand US dollars in 2018 to 4,861,900 thousand US dollars in 2019, then a drop to 4,338,900 thousand US dollars in 2020, before gradually increasing to 5,686,800 thousand US dollars in 2022. In contrast, long-term debt excluding current maturities rose significantly from 3,740,700 thousand US dollars in 2018 to 4,922,900 thousand US dollars in 2019, then declined steadily to 3,788,300 thousand US dollars by 2022.
Examining specific liabilities, accounts payable fluctuated, initially rising from 1,705,300 thousand US dollars in 2018 to 1,809,200 thousand US dollars in 2019, then dropping to 1,520,200 thousand US dollars in 2020, before climbing to 2,091,600 thousand US dollars in 2022. Short-term borrowings and current maturities showed increased volatility, doubling from 350,600 thousand US dollars in 2018 to 650,500 thousand US dollars in 2019, continuing to rise to 1,048,000 thousand US dollars in 2022 after an intermediate lower value in 2021.
Postemployment and other benefit liabilities decreased markedly over the period, from 1,192,900 thousand US dollars in 2018 to 667,000 thousand US dollars in 2022, suggesting reductions in such long-term obligations. Deferred and noncurrent income taxes varied without clear direction, remaining in the range of approximately 538,400 to 680,100 thousand US dollars.
Other noncurrent liabilities rose sharply from 1,062,400 thousand US dollars in 2018 to 1,491,200 thousand US dollars in 2019 before declining and stabilizing near 1,154,200 thousand US dollars in 2022.
Equity
Total shareholders’ equity decreased over the period, from 7,022,700 thousand US dollars in 2018 to 6,088,600 thousand US dollars in 2022. This decline reflects a drop in retained earnings, which fell notably from 9,439,800 thousand US dollars in 2018 to 8,320,900 thousand US dollars in 2022, particularly marked by a substantial decrease in 2020 and persisting at lower levels afterward.
The accumulated other comprehensive loss increased in magnitude, rising from a negative 964,100 thousand US dollars in 2018 to a larger negative 766,200 thousand US dollars in 2022, with a temporary improvement observed in 2020 and 2021. Treasury shares remained constant at a negative 1,719,400 thousand US dollars, while the par value of ordinary shares exhibited a slight declining trend from 266,400 thousand US dollars in 2018 to 253,300 thousand US dollars in 2022.
Noncontrolling interest decreased over time from 42,100 thousand US dollars in 2018 to 16,600 thousand US dollars in 2022, indicating reduced ownership stakes held by minority shareholders.
Total Assets and Equity
Total equity combined with liabilities resulted in overall assets ranging from 17,914,900 thousand US dollars in 2018 to a peak of 20,492,300 thousand US dollars in 2019, followed by decreases to approximately 18,059,800 and 18,081,600 thousand US dollars in 2021 and 2022, respectively, showing some stabilization after volatility in prior years.