Trane Technologies (TT) Interest Coverage Ratio (2009 - 2026)
Trane Technologies (TT) posted Interest Coverage Ratio of 23.06 for Q2 2026, up 65.18% on a QoQ basis from 13.96 in Q1 2026, and up 13.68% year-over-year from 20.28 in Q2 2025.
Analysis
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 23.06 in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio rose 13.68% year-over-year to 23.06 in Q2 2026; TTM through Jun 2026 was 18.12, a 13.23% increase from a year earlier, with the FY2025 full-year figure at 17.5, up 19.2% from the prior year.
- Interest Coverage Ratio was 23.06 for Q2 2026 at Trane Technologies, up from 13.96 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 23.06 in Q2 2026, with the low at 6.93 in Q1 2022.
- Average Interest Coverage Ratio over 5 years is 14.35, with a median of 14.03 recorded in 2025.
- The sharpest annual moves came in 2024 and 2026: Interest Coverage Ratio soared 37.55% in 2024, then dropped 0.97% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 10.39 in 2022, then climbed by 15.33% to 11.98 in 2023, then rose by 12.55% to 13.48 in 2024, then climbed by 9.25% to 14.73 in 2025, then jumped by 56.53% to 23.06 in 2026.
- The last three Interest Coverage Ratio figures came in at 23.06 (Q2 2026), 13.96 (Q1 2026), and 14.73 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.21 Bn | 95.89 Bn | 2.26 Bn | 23.06 |
| 2 | Johnson Controls International | 86.90 Bn | 86.26 Bn | 2.47 Bn | - |
| 3 | Comfort Systems Usa | 56.02 Bn | 54.17 Bn | 844.23 Mn | 388.29 |
| 4 | Carrier Global | 46.82 Bn | 45.47 Bn | 1.94 Bn | - |
| 5 | Lennox International | 12.94 Bn | 12.88 Bn | 539.50 Mn | 24.15 |
| 6 | Modine Manufacturing | 9.45 Bn | 9.37 Bn | - | - |
| 7 | SPX Technologies | 9.35 Bn | 9.18 Bn | 272.80 Mn | 13.07 |
| 8 | Smith A O | 7.76 Bn | 7.58 Bn | 387.80 Mn | 20.68 |
| 9 | Aaon | 6.28 Bn | 6.28 Bn | 152.49 Mn | - |
| 10 | Csw Industrials | 4.83 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.06 |
| 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 |