Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Trane Technologies plc, liquidity ratios (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Current ratio 1.26 1.12 1.14 1.09 1.31 1.36 1.62 1.58 1.59 1.59 1.67 1.66 1.55 1.28 1.28 1.23 1.58 1.33 1.41 1.30 1.41
Quick ratio 0.68 0.70 0.71 0.68 0.82 0.97 1.20 1.21 1.20 1.27 1.32 1.22 1.12 0.84 0.80 0.77 1.03 0.83 0.87 0.82 0.85
Cash ratio 0.14 0.21 0.19 0.19 0.29 0.45 0.63 0.65 0.68 0.76 0.76 0.62 0.62 0.27 0.17 0.17 0.42 0.21 0.24 0.20 0.27

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Trane Technologies plc current ratio deteriorated from Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Trane Technologies plc quick ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Trane Technologies plc cash ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023.

Current Ratio

Trane Technologies plc, current ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 6,074,800 6,379,200 6,299,100 6,125,200 6,030,500 6,470,900 6,991,400 7,125,100 6,622,100 6,905,600 6,973,500 6,344,700 6,559,800 6,217,200 6,103,100 6,351,500 7,084,700 5,732,000 6,082,600 6,161,700 6,071,500
Current liabilities 4,831,400 5,686,800 5,545,500 5,630,300 4,594,400 4,752,400 4,313,500 4,512,900 4,174,600 4,338,900 4,170,100 3,829,200 4,240,800 4,861,900 4,776,100 5,180,200 4,488,500 4,315,700 4,324,000 4,752,700 4,320,700
Liquidity Ratio
Current ratio1 1.26 1.12 1.14 1.09 1.31 1.36 1.62 1.58 1.59 1.59 1.67 1.66 1.55 1.28 1.28 1.23 1.58 1.33 1.41 1.30 1.41
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.16 1.22 1.22 1.25 1.30 1.33 1.36 1.35 1.33 1.39 1.42 1.41 1.17 1.05 1.11 1.03 1.07
Caterpillar Inc. 1.43 1.39 1.41 1.45 1.44 1.46 1.61 1.56 1.60 1.53 1.54 1.50 1.42 1.47 1.44 1.43 1.43
Eaton Corp. plc 1.50 1.38 1.28 0.97 0.99 1.04 1.27 1.10 1.51 1.56 1.49 1.50 1.75 1.70 1.72 1.83 1.47
GE Aerospace 1.25 1.16 1.10 1.13 1.19 1.28 1.80 1.81 1.96 1.58 1.27 1.22 1.14 0.99 1.07 1.11 1.13
Honeywell International Inc. 1.26 1.25 1.24 1.20 1.21 1.30 1.29 1.41 1.43 1.47 1.64 1.63 1.30 1.34 1.31 1.19 1.24
Lockheed Martin Corp. 1.30 1.32 1.28 1.27 1.27 1.42 1.42 1.36 1.38 1.39 1.33 1.31 1.23 1.22 1.28 1.20 1.17
RTX Corp. 1.13 1.09 1.09 1.10 1.16 1.19 1.23 1.17 1.17 1.21 1.22 1.20 1.23 1.08 1.06 1.05 1.13

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,074,800 ÷ 4,831,400 = 1.26

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Trane Technologies plc current ratio deteriorated from Q3 2022 to Q4 2022 but then improved from Q4 2022 to Q1 2023 exceeding Q3 2022 level.

Quick Ratio

Trane Technologies plc, quick ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 692,900 1,220,500 1,080,200 1,090,200 1,348,400 2,159,200 2,738,800 2,912,400 2,838,000 3,289,900 3,190,100 2,366,800 2,647,700 1,303,600 830,900 875,600 1,907,400 903,400 1,022,500 969,500 1,175,100
Accounts and notes receivable, net 2,606,000 2,780,100 2,867,400 2,758,200 2,429,800 2,429,400 2,432,300 2,532,100 2,159,400 2,202,100 2,312,600 2,316,400 2,091,800 2,798,100 2,968,900 3,108,300 2,710,300 2,679,200 2,752,100 2,946,900 2,516,000
Total quick assets 3,298,900 4,000,600 3,947,600 3,848,400 3,778,200 4,588,600 5,171,100 5,444,500 4,997,400 5,492,000 5,502,700 4,683,200 4,739,500 4,101,700 3,799,800 3,983,900 4,617,700 3,582,600 3,774,600 3,916,400 3,691,100
 
Current liabilities 4,831,400 5,686,800 5,545,500 5,630,300 4,594,400 4,752,400 4,313,500 4,512,900 4,174,600 4,338,900 4,170,100 3,829,200 4,240,800 4,861,900 4,776,100 5,180,200 4,488,500 4,315,700 4,324,000 4,752,700 4,320,700
Liquidity Ratio
Quick ratio1 0.68 0.70 0.71 0.68 0.82 0.97 1.20 1.21 1.20 1.27 1.32 1.22 1.12 0.84 0.80 0.77 1.03 0.83 0.87 0.82 0.85
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.29 0.32 0.29 0.28 0.29 0.34 0.38 0.38 0.37 0.41 0.42 0.47 0.30 0.23 0.28 0.25 0.26
Caterpillar Inc. 0.79 0.79 0.78 0.81 0.84 0.89 1.00 1.02 1.08 1.02 1.01 0.98 0.91 0.98 0.93 0.94 0.91
Eaton Corp. plc 0.78 0.73 0.65 0.50 0.51 0.54 0.69 0.44 0.66 0.68 0.63 0.57 0.68 0.78 0.99 1.07 0.82
GE Aerospace 0.86 0.81 0.73 0.75 0.82 0.93 0.90 0.90 1.06 1.27 1.01 0.97 0.91 0.69 0.65 0.71 0.73
Honeywell International Inc. 0.84 0.88 0.85 0.82 0.84 0.94 0.96 1.06 1.08 1.15 1.27 1.26 0.93 0.99 1.00 0.87 0.92
Lockheed Martin Corp. 1.07 1.09 1.06 1.03 1.03 1.15 1.18 1.10 1.09 1.05 1.08 1.04 0.96 0.93 1.03 0.93 0.93
RTX Corp. 0.71 0.69 0.70 0.71 0.76 0.81 0.82 0.79 0.79 0.78 0.84 0.75 0.81 0.73 0.71 0.70 0.75

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,298,900 ÷ 4,831,400 = 0.68

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Trane Technologies plc quick ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Cash Ratio

Trane Technologies plc, cash ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 692,900 1,220,500 1,080,200 1,090,200 1,348,400 2,159,200 2,738,800 2,912,400 2,838,000 3,289,900 3,190,100 2,366,800 2,647,700 1,303,600 830,900 875,600 1,907,400 903,400 1,022,500 969,500 1,175,100
Total cash assets 692,900 1,220,500 1,080,200 1,090,200 1,348,400 2,159,200 2,738,800 2,912,400 2,838,000 3,289,900 3,190,100 2,366,800 2,647,700 1,303,600 830,900 875,600 1,907,400 903,400 1,022,500 969,500 1,175,100
 
Current liabilities 4,831,400 5,686,800 5,545,500 5,630,300 4,594,400 4,752,400 4,313,500 4,512,900 4,174,600 4,338,900 4,170,100 3,829,200 4,240,800 4,861,900 4,776,100 5,180,200 4,488,500 4,315,700 4,324,000 4,752,700 4,320,700
Liquidity Ratio
Cash ratio1 0.14 0.21 0.19 0.19 0.29 0.45 0.63 0.65 0.68 0.76 0.76 0.62 0.62 0.27 0.17 0.17 0.42 0.21 0.24 0.20 0.27
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.16 0.19 0.16 0.14 0.15 0.20 0.23 0.24 0.24 0.29 0.29 0.35 0.16 0.10 0.12 0.10 0.09
Caterpillar Inc. 0.21 0.22 0.21 0.21 0.22 0.31 0.36 0.39 0.43 0.36 0.37 0.35 0.27 0.31 0.29 0.27 0.26
Eaton Corp. plc 0.09 0.09 0.08 0.07 0.06 0.08 0.11 0.06 0.20 0.19 0.13 0.09 0.08 0.12 0.18 0.18 0.08
GE Aerospace 0.52 0.44 0.35 0.37 0.44 0.54 0.52 0.50 0.67 0.78 0.70 0.70 0.67 0.47 0.41 0.44 0.47
Honeywell International Inc. 0.40 0.51 0.44 0.43 0.49 0.59 0.60 0.68 0.71 0.79 0.87 0.87 0.51 0.58 0.62 0.50 0.55
Lockheed Martin Corp. 0.14 0.16 0.15 0.11 0.12 0.26 0.18 0.18 0.20 0.23 0.24 0.19 0.13 0.11 0.16 0.08 0.06
RTX Corp. 0.15 0.16 0.14 0.13 0.17 0.22 0.22 0.23 0.24 0.25 0.28 0.20 0.25 0.21 0.21 0.19 0.20

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 692,900 ÷ 4,831,400 = 0.14

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Trane Technologies plc cash ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023.