Trane Technologies (TT) Interest Coverage Ratio (2009 - 2026)
Trane Technologies' (TT) Interest Coverage Ratio was 23.06 for Q2 2026, up 13.7% from 20.28 a year earlier and up 65.2% from the prior quarter.
Powered by 
Analysis
Trane Technologies (TT) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Trane Technologies' Interest Coverage Ratio came in at 18.12, up 13.2% year-over-year; for FY2025, it came in at 17.50, up 19.2% from FY2024.
- Interest Coverage Ratio has increased for five consecutive years.
- By year, Interest Coverage Ratio came in at 14.68 in FY2024 (+19.0%), 12.34 in FY2023 (+14.0%), 10.82 in FY2022 (+25.0%) and 8.66 in FY2021 (+40.5%).
- The Q2 2026 figure ranks as the highest quarterly Interest Coverage Ratio in data going back to Q1 2009.
- Year over year, Interest Coverage Ratio gained in seven of the last eight quarters, with growth averaging 14.3%.
- The high point for year-over-year Interest Coverage Ratio in five years was Q1 2024 (growth of 37.6%); the low point was Q1 2026 (a decline of 1.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.96 (Q1 2026), 14.73 (Q4 2025) and 20.96 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 100.25 Bn | 94.99 Bn | 2.26 Bn | 23.06 |
| 2 | Johnson Controls International | 90.55 Bn | 88.31 Bn | 2.47 Bn | - |
| 3 | Comfort Systems Usa | 58.58 Bn | 53.83 Bn | 844.23 Mn | 388.29 |
| 4 | Carrier Global | 45.65 Bn | 40.28 Bn | 1.94 Bn | - |
| 5 | Otis Worldwide | 24.99 Bn | 21.59 Bn | 1.14 Bn | - |
| 6 | James Hardie Industries | 14.56 Bn | 13.29 Bn | 548.70 Mn | 3.54 |
| 7 | Masco | 13.48 Bn | 11.59 Bn | 868.00 Mn | 16.79 |
| 8 | Allegion | 13.22 Bn | 11.93 Bn | 517.50 Mn | 10.27 |
| 9 | Carlisle Companies | 12.96 Bn | 9.31 Bn | 568.40 Mn | 12.86 |
| 10 | Lennox International | 12.44 Bn | 12.25 Bn | 539.50 Mn | 24.15 |
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 |
API Access
Trane Technologies Interest Coverage 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=interest-coverage-ratio&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-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=interest-coverage-ratio&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();