Trane Technologies (TT) Debt Ratio (2009 - 2026)
Trane Technologies' (TT) Debt Ratio was 0.18 for Q3 2026, down 18.3% from 0.22 a year earlier and down 8.5% from the prior quarter.
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Analysis
Trane Technologies (TT) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Trane Technologies was 0.22, down 9.0% from FY2024.
- Debt Ratio has declined for five consecutive years.
- By year, Debt Ratio came in at 0.24 in FY2024 (-3.9%), 0.25 in FY2023 (-7.8%), 0.27 in FY2022 (-0.2%) and 0.27 in FY2021 (-7.7%).
- The Q3 2026 figure ranks as the lowest quarterly Debt Ratio since Q1 2013.
- Year over year, Debt Ratio has now declined in each of the last 16 quarters, with an average decline of 11.7% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q3 2022 (growth of 2.5%); the low point was Q3 2026 (a decline of 18.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.19 (Q2 2026), 0.20 (Q1 2026) and 0.22 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn | 0.18 |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn | 0.24 |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn | 0.34 |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn | 0.01 |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn | 0.73 |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn | 0.30 |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn | 0.61 |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn | 0.37 |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 0.48 |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn | 0.35 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.18 |
| 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 |
API Access
Trane Technologies Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();