Name: Trane Technologies plc (NYSE:TT) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

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

	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	1,962,600)	2,091,600)	2,061,300)	2,000,200)	1,931,600)	1,787,300)	1,757,800)	1,833,200)	1,608,900)	1,520,200)	1,458,800)	1,368,200)	1,446,700)	1,809,200)	1,758,800)	1,889,900)	1,800,100)	1,705,300)	1,748,700)	1,832,100)	1,666,100)
Accrued compensation and benefits	354,900)	541,200)	477,900)	458,900)	405,100)	544,800)	462,400)	410,800)	368,800)	451,100)	421,000)	361,500)	316,000)	549,200)	485,800)	432,300)	363,400)	531,600)	504,400)	428,400)	364,400)
Accrued expenses and other current liabilities	2,165,600)	2,006,000)	1,956,400)	2,121,400)	1,907,300)	2,069,900)	1,742,900)	1,793,500)	1,721,500)	1,592,000)	1,515,200)	1,449,600)	1,528,400)	1,853,000)	1,881,000)	2,028,800)	1,950,600)	1,728,200)	1,720,300)	1,892,600)	1,685,000)
Short-term borrowings and current maturities of long-term debt	348,300)	1,048,000)	1,049,900)	1,049,800)	350,400)	350,400)	350,400)	475,400)	475,400)	775,600)	775,100)	649,900)	949,700)	650,500)	650,500)	829,200)	374,400)	350,600)	350,600)	599,600)	605,200)
Current liabilities	4,831,400)	5,686,800)	5,545,500)	5,630,300)	4,594,400)	4,752,400)	4,313,500)	4,512,900)	4,174,600)	4,338,900)	4,170,100)	3,829,200)	4,240,800)	4,861,900)	4,776,100)	5,180,200)	4,488,500)	4,315,700)	4,324,000)	4,752,700)	4,320,700)
Long-term debt,excluding current maturities	4,481,800)	3,788,300)	3,787,500)	3,786,700)	4,492,600)	4,491,700)	4,490,700)	4,489,800)	4,496,300)	4,496,500)	4,494,200)	4,618,200)	4,624,800)	4,922,900)	4,921,900)	4,920,600)	5,226,500)	3,740,700)	3,739,800)	3,738,900)	3,745,500)
Postemployment and other benefit liabilities	674,900)	667,000)	730,900)	757,200)	780,900)	810,900)	977,100)	1,004,600)	1,008,200)	1,024,600)	977,200)	1,009,100)	1,008,200)	1,221,900)	1,178,800)	1,196,900)	1,191,400)	1,192,900)	1,207,400)	1,247,700)	1,264,500)
Deferred and noncurrent income taxes	636,300)	680,100)	639,100)	616,500)	586,700)	581,500)	598,900)	594,100)	563,000)	578,500)	635,500)	580,800)	561,200)	682,000)	666,300)	725,100)	527,200)	538,400)	610,200)	735,400)	768,700)
Other noncurrent liabilities	1,218,700)	1,154,200)	1,168,400)	1,150,800)	1,165,800)	1,150,200)	1,334,300)	1,295,300)	1,269,900)	1,291,100)	1,281,400)	1,226,800)	1,410,800)	1,491,200)	1,484,700)	1,471,900)	1,424,600)	1,062,400)	1,079,900)	1,079,500)	1,125,300)
Noncurrent liabilities	7,011,700)	6,289,600)	6,325,900)	6,311,200)	7,026,000)	7,034,300)	7,401,000)	7,383,800)	7,337,400)	7,390,700)	7,388,300)	7,434,900)	7,605,000)	8,318,000)	8,251,700)	8,314,500)	8,369,700)	6,534,400)	6,637,300)	6,801,500)	6,904,000)
Total liabilities	11,843,100)	11,976,400)	11,871,400)	11,941,500)	11,620,400)	11,786,700)	11,714,500)	11,896,700)	11,512,000)	11,729,600)	11,558,400)	11,264,100)	11,845,800)	13,179,900)	13,027,800)	13,494,700)	12,858,200)	10,850,100)	10,961,300)	11,554,200)	11,224,700)
Ordinary shares	252,500)	253,300)	254,800)	256,200)	258,300)	259,700)	262,000)	262,700)	263,600)	263,300)	264,500)	263,800)	263,700)	262,800)	264,100)	265,900)	265,500)	266,400)	270,100)	269,800)	272,500)
Ordinary shares held in treasury, at cost	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,400)	(1,719,300)	(1,719,300)
Capital in excess of par value	—)	—)	—)	12,100)	—)	—)	15,200)	—)	—)	—)	93,300)	46,500)	26,400)	—)	—)	26,000)	—)	—)	52,400)	31,300)	249,800)
Retained earnings	8,202,300)	8,320,900)	8,320,400)	8,003,700)	8,098,700)	8,353,200)	8,626,500)	8,566,200)	8,452,300)	8,495,300)	8,489,300)	8,222,100)	8,127,900)	9,730,800)	9,762,700)	9,497,200)	9,298,300)	9,439,800)	9,624,800)	9,109,900)	8,904,400)
Accumulated other comprehensive loss	(699,300)	(766,200)	(997,500)	(829,100)	(639,000)	(637,600)	(709,200)	(652,200)	(699,800)	(631,500)	(761,000)	(876,100)	(926,000)	(1,006,600)	(1,069,800)	(939,200)	(958,600)	(964,100)	(919,800)	(904,600)	(626,700)
Total Trane Technologies plc shareholders’ equity	6,036,100)	6,088,600)	5,858,300)	5,723,500)	5,998,600)	6,255,900)	6,475,100)	6,457,300)	6,296,700)	6,407,700)	6,366,700)	5,936,900)	5,772,600)	7,267,600)	7,237,600)	7,130,500)	6,885,800)	7,022,700)	7,308,100)	6,787,100)	7,080,700)
Noncontrolling interest	18,200)	16,600)	10,100)	15,800)	17,900)	17,200)	12,600)	15,400)	16,100)	19,400)	14,300)	22,600)	17,200)	44,800)	41,500)	42,400)	37,000)	42,100)	35,100)	36,600)	59,700)
Total equity	6,054,300)	6,105,200)	5,868,400)	5,739,300)	6,016,500)	6,273,100)	6,487,700)	6,472,700)	6,312,800)	6,427,100)	6,381,000)	5,959,500)	5,789,800)	7,312,400)	7,279,100)	7,172,900)	6,922,800)	7,064,800)	7,343,200)	6,823,700)	7,140,400)
Total liabilities and equity	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)

The financial position of Trane Technologies plc from March 2018 to March 2023 is characterized by a relatively stable total liability base coupled with a fluctuating equity profile. Total liabilities peaked in mid-2019 before stabilizing, while total equity experienced a notable contraction during the first quarter of 2020 from which it has partially recovered, though it remains below 2018 levels.

Current Liabilities and Short-Term Obligations: Current liabilities demonstrated a general upward trajectory, rising from 4.32 billion USD in March 2018 to 4.83 billion USD by March 2023. A significant peak occurred between June and December 2022, where obligations exceeded 5.5 billion USD. This increase was primarily driven by growth in accounts payable, which rose from 1.67 billion USD in March 2018 to a peak of 2.09 billion USD in December 2022. Short-term borrowings exhibited high volatility, fluctuating between lows of 350 million USD and highs exceeding 1 billion USD in 2022, suggesting active short-term liquidity management.
Noncurrent Liabilities and Long-Term Debt: Noncurrent liabilities showed a peak in 2019 at approximately 8.37 billion USD before trending downward to 6.29 billion USD by late 2022, followed by a rebound to 7.01 billion USD in March 2023. Long-term debt, excluding current maturities, saw a substantial increase from 3.75 billion USD in early 2018 to 5.23 billion USD by March 2019. Following this period, debt levels remained relatively stable around 4.5 billion USD, with a temporary dip to 3.79 billion USD during 2022 before returning to 4.48 billion USD in the final reported quarter.
Pension and Benefit Obligations: A consistent downward trend is observed in postemployment and other benefit liabilities. These obligations decreased from 1.26 billion USD in March 2018 to 674.9 million USD in March 2023. This represents a significant reduction in long-term benefit-related pressure on the balance sheet over the five-year period.
Shareholders' Equity and Retained Earnings: Total equity declined from 7.14 billion USD in March 2018 to 6.05 billion USD in March 2023. A sharp contraction occurred in March 2020, where total equity dropped to 5.79 billion USD. Retained earnings followed a similar volatile pattern, peaking at 9.76 billion USD in September 2019 before declining to 8.20 billion USD by March 2023. The equity position was further pressured by accumulated other comprehensive losses, which fluctuated throughout the period, reaching a peak loss of 997.5 million USD in September 2022.
Capital Structure and Solvency: The ratio of total liabilities to total equity has increased over the analyzed period. In March 2018, total liabilities were approximately 1.57 times the total equity; by March 2023, this ratio increased to approximately 1.96 times. This shift indicates a higher reliance on leverage to fund assets and operations over time, as the growth in total liabilities outpaced the stability of shareholders' equity.

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Trane Technologies plc (NYSE:TT)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data