Trane Technologies (TT) Debt to Equity (2009 - 2026)
Trane Technologies posted quarterly Debt to Equity of $0.54 for Q1 2026, down 15.34% year-on-year from $0.63 in Q1 2025, and little changed on a QoQ basis from $0.54 in Q4 2025.
Trane Technologies (TT) has 18 years of Debt to Equity data on file, last reported at $0.54 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 15.34% year-over-year to $0.54; the trailing twelve-month figure through Mar 2026 stood at $0.54 (down 15.34% YoY), and the FY2025 full-year result was $0.54, down 15.57% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.54, roughly flat from $0.54 in the prior quarter.
- Across five years, Debt to Equity topped out at $0.84 in Q2 2022 and bottomed at $0.54 in Q1 2026.
- The 5-year median for Debt to Equity is $0.71 (2024), against an average of $0.7.
- The widest annual swing landed in 2022, when Debt to Equity grew 10.47%; it then dropped 22.3% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.79 in 2022, then slipped by 14.01% to $0.68 in 2023, then retreated by 6.46% to $0.64 in 2024, then decreased by 15.57% to $0.54 in 2025, then dropped by 0.12% to $0.54 in 2026.
- The last three Debt to Equity figures came in at $0.54 (Q1 2026), $0.54 (Q4 2025), and $0.55 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 0.54 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 0.70 |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 0.88 |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 0.96 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | -12.17 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 1.74 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 0.45 |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 0.28 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 0.87 |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 1.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.54 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.59 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.64 |
| Sep 30, 2024 | 0.69 |
| Jun 30, 2024 | 0.76 |
| Mar 31, 2024 | 0.71 |
| Dec 31, 2023 | 0.68 |
| Sep 30, 2023 | 0.72 |
| Jun 30, 2023 | 0.80 |
| Mar 31, 2023 | 0.80 |
| Dec 31, 2022 | 0.79 |
| Sep 30, 2022 | 0.82 |
| Jun 30, 2022 | 0.84 |
| Mar 31, 2022 | 0.80 |
| Dec 31, 2021 | 0.77 |
| Sep 30, 2021 | 0.75 |
| Jun 30, 2021 | 0.78 |
| Mar 31, 2021 | 0.79 |
| Dec 31, 2020 | 0.82 |
| Sep 30, 2020 | 0.83 |
| Jun 30, 2020 | 0.90 |
| Mar 31, 2020 | 0.96 |
| Dec 31, 2019 | 0.76 |
| Sep 30, 2019 | 0.68 |
| Jun 30, 2019 | 0.22 |
| Mar 31, 2019 | 0.27 |
| Dec 31, 2018 | 0.58 |
| Sep 30, 2018 | 0.56 |
| Jun 30, 2018 | 0.64 |
| Mar 31, 2018 | 0.16 |
| Dec 31, 2017 | 0.56 |
| Sep 30, 2017 | 0.59 |
| Jun 30, 2017 | 0.60 |
| Mar 31, 2017 | 0.61 |
| Dec 31, 2016 | 0.61 |
| Sep 30, 2016 | 0.60 |
| Jun 30, 2016 | 0.63 |
| Mar 31, 2016 | 0.76 |
| Dec 31, 2015 | 0.72 |
| Sep 30, 2015 | 0.79 |
| Jun 30, 2015 | 0.75 |
| Mar 31, 2015 | 0.79 |
| Dec 31, 2014 | 0.70 |
| Sep 30, 2014 | 0.56 |
| Jun 30, 2014 | 0.55 |
| Mar 31, 2014 | 0.56 |
| Dec 31, 2013 | 0.49 |
| Sep 30, 2013 | 0.49 |
| Jun 30, 2013 | 0.67 |
| Mar 31, 2013 | 0.44 |
| Dec 31, 2012 | 0.45 |
| Sep 30, 2012 | 0.44 |
| Jun 30, 2012 | 0.45 |
| Mar 31, 2012 | 0.50 |
| Dec 31, 2011 | 0.52 |
| Sep 30, 2011 | 0.47 |
| Jun 30, 2011 | 0.43 |
| Mar 31, 2011 | 0.45 |
| Dec 31, 2010 | 0.46 |
| Sep 30, 2010 | 0.39 |
| Jun 30, 2010 | 0.54 |
| Mar 31, 2010 | 0.55 |
| Dec 31, 2009 | 0.48 |
| Sep 30, 2009 | 0.58 |
| Jun 30, 2009 | 0.69 |