Trane Technologies (TT) Debt Ratio (2009 - 2026)
Trane Technologies (TT) posted Debt Ratio of 0.19 for Q2 2026, down 4.88% on a QoQ basis from 0.2 in Q1 2026, and down 12.23% year-over-year from 0.22 in Q2 2025.
Analysis
Trane Technologies (TT) Debt Ratio (2009 - 2026) Analysis & Trends
Trane Technologies has reported Debt Ratio for 18 years, with the latest figure at 0.19 in Q2 2026.
- On a quarterly basis, Debt Ratio fell 12.23% year-over-year to 0.19 in Q2 2026; TTM through Jun 2026 was 0.19, a 12.23% decrease from a year earlier, with the FY2025 full-year figure at 0.22, down 9.01% from the prior year.
- Debt Ratio was 0.19 for Q2 2026 at Trane Technologies, down from 0.2 in the prior quarter.
- The five-year high for Debt Ratio was 0.27 in Q1 2022, with the low at 0.19 in Q2 2026.
- Average Debt Ratio over 5 years is 0.25, with a median of 0.25 recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio climbed 2.53% in 2022, then retreated 15.7% in 2025.
- Over 5 years, Debt Ratio stood at 0.27 in 2022, then declined by 7.85% to 0.25 in 2023, then declined by 3.94% to 0.24 in 2024, then retreated by 9.01% to 0.22 in 2025, then decreased by 10.44% to 0.19 in 2026.
- The last three Debt Ratio figures came in at 0.19 (Q2 2026), 0.2 (Q1 2026), and 0.22 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 0.19 |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 0.26 |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 0.01 |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 0.32 |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 0.35 |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | 0.16 |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 0.17 |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 0.17 |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 0.23 |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.20 |
| Dec 31, 2025 | 0.22 |
| Sep 30, 2025 | 0.22 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.24 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.26 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.27 |
| Dec 31, 2022 | 0.27 |
| Sep 30, 2022 | 0.27 |
| Jun 30, 2022 | 0.27 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.27 |
| Sep 30, 2021 | 0.27 |