Trane Technologies (TT) Interest Coverage Ratio (2009 - 2026)

Trane Technologies (TT) reported Interest Coverage Ratio of 13.96 for Q1 2026, down 0.97% on a YoY basis from 14.09 in Q1 2025, and down 5.24% quarter-over-quarter from 14.73 in Q4 2025.

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

Trane Technologies has reported Interest Coverage Ratio for 18 years, with the latest figure at 13.96 in Q1 2026.

  • For the quarter ending Q1 2026, Interest Coverage Ratio fell 0.97% year-over-year to 13.96; the trailing twelve-month figure through Mar 2026 stood at 17.5 (up 13.29% YoY), and the FY2025 full-year result was 17.5, up 19.2% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 13.96, down from 14.73 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 20.96 in Q3 2025, with the low at 6.93 in Q1 2022.
  • Historically, Interest Coverage Ratio has averaged 13.83 across 5 years, with a median of 13.96 in 2026.
  • Annual changes were most pronounced in 2024 — Interest Coverage Ratio surged 37.55% — and 2026, when it slipped 0.97%.
  • Trane Technologies' Interest Coverage Ratio stood at 10.39 in 2022, then gained by 15.33% to 11.98 in 2023, then grew by 12.55% to 13.48 in 2024, then gained by 9.25% to 14.73 in 2025, then dropped by 5.24% to 13.96 in 2026.
  • The last three Interest Coverage Ratio figures came in at 13.96 (Q1 2026), 14.73 (Q4 2025), and 20.96 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 13.96
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn -
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn -
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 10.76
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 12.15
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 6.37
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 10.44
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn -
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn -
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 1.82

Historic Data

Download Data
DateValue
Mar 31, 2026 13.96
Dec 31, 2025 14.73
Sep 30, 2025 20.96
Jun 30, 2025 20.28
Mar 31, 2025 14.09
Dec 31, 2024 13.48
Sep 30, 2024 16.26
Jun 30, 2024 17.99
Mar 31, 2024 10.91
Dec 31, 2023 11.98
Sep 30, 2023 14.93
Jun 30, 2023 14.37
Mar 31, 2023 7.93
Dec 31, 2022 10.39
Sep 30, 2022 13.25
Jun 30, 2022 12.71
Mar 31, 2022 6.93
Dec 31, 2021 7.78
Sep 30, 2021 10.11
Jun 30, 2021 10.98