Trane Technologies (TT) Debt Ratio (2009 - 2026)

Trane Technologies (TT) reported Debt Ratio of 0.2 for Q1 2026, down 14.47% on a YoY basis from 0.24 in Q1 2025, and down 5.84% quarter-over-quarter from 0.22 in Q4 2025.

Trane Technologies (TT) Debt Ratio (2009 - 2026) Analysis & Trends

Trane Technologies has reported Debt Ratio for 18 years, with the latest figure at 0.2 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 14.47% year-over-year to 0.2; the trailing twelve-month figure through Mar 2026 stood at 0.2 (down 14.47% YoY), and the FY2025 full-year result was 0.22, down 9.01% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.2, down from 0.22 in the prior quarter.
  • The five-year high for Debt Ratio was 0.27 in Q1 2022, with the low at 0.2 in Q1 2026.
  • Historically, Debt Ratio has averaged 0.25 across 5 years, with a median of 0.25 in 2024.
  • Annual changes were most pronounced in 2022 — Debt Ratio advanced 2.53% — and 2025, when it fell 15.7%.
  • Trane Technologies' Debt Ratio stood at 0.27 in 2022, then slipped by 7.85% to 0.25 in 2023, then slipped by 3.94% to 0.24 in 2024, then declined by 9.01% to 0.22 in 2025, then retreated by 5.84% to 0.2 in 2026.
  • The last three Debt Ratio figures came in at 0.2 (Q1 2026), 0.22 (Q4 2025), and 0.22 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.20
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.24
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.33
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.27
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 0.56
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 0.48
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.17
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.36
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.24
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 0.39

Historic Data

Download Data
DateValue
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
Jun 30, 2021 0.27