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
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.

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.

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Trane Technologies plc, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

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
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
Ordinary shares held in treasury, at cost
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Total Trane Technologies plc shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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 exhibited fluctuations over the reported periods, generally showing a moderate increase from March 2018 through December 2019, then a decline during 2020, followed by a renewed upward trend from early 2021 until the end of 2022, slightly tapering off in the first quarter of 2023.
Accrued compensation and benefits
This liability demonstrated some volatility with a peak around the end of 2018 and 2019, a noticeable decline in mid-2020, and a recovery through 2021 and 2022, before decreasing again in early 2023, indicating cyclical variations possibly related to workforce-related expenses.
Accrued expenses and other current liabilities
Accrued expenses and other current liabilities remained relatively stable with some increases during 2019, a decline through 2020, followed by a gradual increase through 2022 and continuing into 2023, suggesting ongoing operational obligations with some sensitivity to the economic environment.
Short-term borrowings and current maturities of long-term debt
Short-term borrowings displayed volatility, with a notable increase in mid-2019, a peak in early 2020, a significant decrease through 2021, another peak in mid-2022, and a sharp decrease by March 2023, reflecting shifts in short-term liquidity management and refinancing activities.
Current liabilities
Current liabilities showed moderate fluctuations, rising in 2019, declining notably in 2020, and increasing again in 2022 with peaks in the second half of the year, and then falling towards the first quarter of 2023, indicating variability in near-term obligations and possibly working capital management adjustments.
Long-term debt, excluding current maturities
Long-term debt remained relatively stable from 2018 through 2019, increased sharply in early 2019, then trended downward through 2020 and 2022 before increasing again by March 2023, implying strategic debt management possibly including refinancing or repayment activities.
Postemployment and other benefit liabilities
Postemployment and other benefit liabilities consistently decreased from 2018 to 2023, reflecting reductions in long-term benefit obligations or changes in actuarial assumptions.
Deferred and noncurrent income taxes
Deferred and noncurrent income taxes fluctuated moderately across periods, with a downward trend from 2018 to early 2019, a rise mid-2019, relative stabilization through 2020, followed by gradual increases in 2022, indicating tax position changes and timing differences in recognition.
Other noncurrent liabilities
Other noncurrent liabilities remained fairly consistent, with moderate decreases in 2020 and 2021, slight recovery mid-2022, and a positive uptick by early 2023, suggesting stable underlying long-term obligations with minor adjustments.
Noncurrent liabilities
Noncurrent liabilities peaked in early 2019, remained elevated through 2019, then declined sharply through 2022 before a slight rebound in early 2023, reflecting the combined effects of long-term debt reduction, benefit liability decreases, and other long-term obligations.
Total liabilities
Total liabilities increased steadily from 2018 into 2019, followed by a decline during 2020 and 2021, a modest recovery in 2022, and a stabilization into early 2023, indicating cyclical changes in the company’s overall obligations in response to economic and operational factors.
Ordinary shares
The number of ordinary shares outstanding showed a gradual decline over the reporting periods, indicating possible share buybacks or reductions in issued shares.
Ordinary shares held in treasury
Treasury shares remained constant at a high negative value throughout the periods, suggesting a stable repurchase program maintaining treasury stock balance.
Capital in excess of par value
Capital in excess of par value displayed sporadic values with many missing data points, fluctuating without a clear trend, indicating intermittent equity transactions.
Retained earnings
Retained earnings rose steadily through 2018 and 2019, then experienced a significant decline in early 2020 corresponding likely to impacts from the economic environment followed by recovery through 2021 and 2022, before slightly decreasing again in early 2023, reflecting profitability trends and distributions.
Accumulated other comprehensive loss
This account increased in magnitude (more negative) from 2018 to late 2019, improved slightly through 2020 and early 2021, then deteriorated again by late 2022 before improving once more in early 2023, indicating fluctuations in unrealized losses or gains related to foreign currency translation, pensions, or other comprehensive items.
Total shareholders’ equity
Total shareholders’ equity closely mirrored the trends in retained earnings with a decline in 2020, recovery during 2021 and 2022, and a slight setback in early 2023, reflecting overall changes in net assets attributable to shareholders.
Noncontrolling interest
Noncontrolling interest values were relatively low and fluctuated moderately without a clear directional trend, implying minor ownership stakes and related impacts on equity.
Total equity
Total equity followed similar patterns as total shareholders’ equity, declining significantly in 2020, gradually recovering through 2021 and 2022, and stabilizing toward the end of the period, illustrating the overall changes in net worth including noncontrolling interests.
Total liabilities and equity
Total liabilities and equity remained relatively stable in the vicinity of 18 billion US dollars across all periods, reflecting consistent total capitalization and funding levels despite internal fluctuations between liabilities and equity components.