Trane Technologies (TT) Interest Coverage Ratio (2009 - 2026)
Trane Technologies posted quarterly Interest Coverage Ratio of 13.96 for Q1 2026, down 0.97% year-on-year from 14.09 in Q1 2025, and down 5.24% on a QoQ basis from 14.73 in Q4 2025.
Trane Technologies (TT) has 18 years of Interest Coverage Ratio data on file, last reported 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.
- Across five years, Interest Coverage Ratio topped out at 20.96 in Q3 2025 and bottomed at 6.93 in Q1 2022.
- The 5-year median for Interest Coverage Ratio is 13.96 (2026), against an average of 13.83.
- The widest annual swing landed in 2024, when Interest Coverage Ratio surged 37.55%; it then slipped 0.97% in 2026.
- A 5-year view of Interest Coverage Ratio shows it stood at 10.39 in 2022, then advanced by 15.33% to 11.98 in 2023, then increased by 12.55% to 13.48 in 2024, then advanced by 9.25% to 14.73 in 2025, then declined 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 | 99.95 Bn | 98.89 Bn | 1.73 Bn | 13.96 |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | - |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | - |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 10.76 |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 12.15 |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 6.37 |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | - |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 10.44 |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | - |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 1.82 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 5.82 |
| Dec 31, 2020 | 6.27 |
| Sep 30, 2020 | 9.08 |
| Jun 30, 2020 | 6.91 |
| Mar 31, 2020 | 2.45 |
| Dec 31, 2019 | 5.21 |
| Sep 30, 2019 | 8.40 |
| Jun 30, 2019 | 8.79 |
| Mar 31, 2019 | 4.64 |
| Dec 31, 2018 | 0.84 |
| Sep 30, 2018 | 12.10 |
| Jun 30, 2018 | 12.73 |
| Mar 31, 2018 | 3.34 |
| Dec 31, 2017 | 7.19 |
| Sep 30, 2017 | 9.39 |
| Jun 30, 2017 | 10.31 |
| Mar 31, 2017 | 3.98 |
| Dec 31, 2016 | 6.56 |
| Sep 30, 2016 | 9.39 |
| Jun 30, 2016 | 9.08 |
| Mar 31, 2016 | 3.98 |
| Dec 31, 2015 | 6.98 |
| Sep 30, 2015 | 8.52 |
| Jun 30, 2015 | 8.10 |
| Mar 31, 2015 | 3.11 |
| Dec 31, 2014 | 5.09 |
| Sep 30, 2014 | 8.41 |
| Jun 30, 2014 | 8.74 |
| Mar 31, 2014 | 2.98 |
| Dec 31, 2013 | 4.08 |
| Sep 30, 2013 | 3.69 |
| Jun 30, 2013 | 6.26 |
| Mar 31, 2013 | 1.98 |
| Dec 31, 2012 | -1.10 |
| Sep 30, 2012 | 7.39 |
| Jun 30, 2012 | 7.70 |
| Mar 31, 2012 | 3.05 |
| Dec 31, 2011 | -1.20 |
| Sep 30, 2011 | 2.59 |
| Jun 30, 2011 | 4.17 |
| Mar 31, 2011 | 0.61 |
| Dec 31, 2010 | 4.50 |
| Sep 30, 2010 | 5.85 |
| Jun 30, 2010 | 5.11 |
| Mar 31, 2010 | 1.96 |
| Dec 31, 2009 | 3.15 |
| Sep 30, 2009 | 4.25 |
| Jun 30, 2009 | 3.17 |
| Mar 31, 2009 | 0.74 |