Trane Technologies annual debt-to-equity ratio
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2025
Trane Technologies Debt-to-Equity Ratio Growth & History (TT)
Trane Technologies's debt-to-equity ratio was 0.63 for fiscal 2025.
View full Trane Technologies company overviewTrane Technologies annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.63 | −0.01 | −0.88% |
| 2024 | 2024-12-31 | 0.64 | −0.04 | −6.38% |
| 2023 | 2023-12-31 | 0.68 | −0.11 | −13.98% |
| 2022 | 2022-12-31 | 0.79 | 0.02 | +2.62% |
| 2021 | 2021-12-31 | 0.77 | −0.05 | −5.93% |
| 2020 | 2020-12-31 | 0.82 | −0.02 | −2.61% |
| 2019 | 2019-12-31 | 0.84 | 0.26 | +45.01% |
| 2018 | 2018-12-31 | 0.58 | 0.01 | +2.36% |
| 2017 | 2017-12-31 | 0.57 | −0.04 | −7.10% |
| 2016 | 2016-12-31 | 0.61 | −0.11 | −15.51% |
| 2015 | 2015-12-31 | 0.73 | 0.02 | +2.77% |
| 2014 | 2014-12-31 | 0.71 | 0.21 | +41.64% |
| 2013 | 2013-12-31 | 0.50 | 0.05 | +10.25% |
| 2012 | 2012-12-31 | 0.45 | −0.07 | −14.12% |
| 2011 | 2011-12-31 | 0.53 | 0.06 | +13.73% |
| 2010 | 2010-12-31 | 0.46 | −0.12 | −20.15% |
| 2009 | 2009-12-31 | 0.58 | −0.19 | −24.69% |
| 2008 | 2008-12-31 | 0.77 | — | — |
Trane Technologies quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.54 | −0.05 | −9.11% |
| Q1 2026 | 2026-03-31 | 0.54 | −0.10 | −15.64% |
| Q4 2025 | 2025-12-31 | 0.63 | −0.01 | −0.88% |
| Q3 2025 | 2025-09-30 | 0.55 | −0.14 | −20.13% |
| Q2 2025 | 2025-06-30 | 0.59 | −0.17 | −22.32% |
| Q1 2025 | 2025-03-31 | 0.64 | −0.07 | −10.09% |
| Q4 2024 | 2024-12-31 | 0.64 | −0.04 | −6.38% |
| Q3 2024 | 2024-09-30 | 0.69 | −0.03 | −3.87% |
| Q2 2024 | 2024-06-30 | 0.76 | −0.04 | −5.58% |
| Q1 2024 | 2024-03-31 | 0.71 | −0.09 | −11.47% |
| Q4 2023 | 2023-12-31 | 0.68 | −0.11 | −13.98% |
| Q3 2023 | 2023-09-30 | 0.72 | −0.10 | −12.56% |
| Q2 2023 | 2023-06-30 | 0.80 | −0.04 | −4.95% |
| Q1 2023 | 2023-03-31 | 0.80 | −0.01 | −0.89% |
| Q4 2022 | 2022-12-31 | 0.79 | 0.02 | +2.62% |
| Q3 2022 | 2022-09-30 | 0.83 | 0.08 | +10.44% |
| Q2 2022 | 2022-06-30 | 0.85 | 0.08 | +9.90% |
| Q1 2022 | 2022-03-31 | 0.81 | 0.02 | +2.25% |
| Q4 2021 | 2021-12-31 | 0.77 | −0.05 | −5.93% |
| Q3 2021 | 2021-09-30 | 0.75 | −0.15 | −16.70% |
| Q2 2021 | 2021-06-30 | 0.77 | −0.19 | −20.11% |
| Q1 2021 | 2021-03-31 | 0.79 | −0.26 | −24.46% |
| Q4 2020 | 2020-12-31 | 0.82 | −0.02 | −2.61% |
| Q3 2020 | 2020-09-30 | 0.90 | 0.05 | +5.87% |
| Q2 2020 | 2020-06-30 | 0.96 | 0.08 | +8.67% |
| Q1 2020 | 2020-03-31 | 1.05 | 0.15 | +17.36% |
| Q4 2019 | 2019-12-31 | 0.84 | 0.26 | +45.01% |
| Q3 2019 | 2019-09-30 | 0.85 | 0.29 | +51.47% |
| Q2 2019 | 2019-06-30 | 0.89 | 0.25 | +38.56% |
| Q1 2019 | 2019-03-31 | 0.89 | 0.28 | +44.94% |
| Q4 2018 | 2018-12-31 | 0.58 | 0.01 | +2.36% |
| Q3 2018 | 2018-09-30 | 0.56 | −0.04 | −6.64% |
| Q2 2018 | 2018-06-30 | 0.64 | 0.03 | +5.68% |
| Q1 2018 | 2018-03-31 | 0.61 | −0.00 | −0.66% |
| Q4 2017 | 2017-12-31 | 0.57 | −0.04 | −7.10% |
| Q3 2017 | 2017-09-30 | 0.60 | −0.00 | −0.36% |
| Q2 2017 | 2017-06-30 | 0.60 | −0.03 | −5.04% |
| Q1 2017 | 2017-03-31 | 0.62 | −0.15 | −19.89% |
| Q4 2016 | 2016-12-31 | 0.61 | −0.11 | −15.51% |
| Q3 2016 | 2016-09-30 | 0.60 | −0.19 | −24.47% |
| Q2 2016 | 2016-06-30 | 0.64 | −0.12 | −15.52% |
| Q1 2016 | 2016-03-31 | 0.77 | −0.02 | −2.74% |
| Q4 2015 | 2015-12-31 | 0.73 | 0.02 | +2.77% |
| Q3 2015 | 2015-09-30 | 0.80 | 0.23 | +41.69% |
| Q2 2015 | 2015-06-30 | 0.75 | 0.20 | +35.10% |
| Q1 2015 | 2015-03-31 | 0.79 | 0.23 | +41.49% |
| Q4 2014 | 2014-12-31 | 0.71 | 0.21 | +41.64% |
| Q3 2014 | 2014-09-30 | 0.56 | 0.07 | +13.09% |
| Q2 2014 | 2014-06-30 | 0.56 | −0.12 | −17.20% |
| Q1 2014 | 2014-03-31 | 0.56 | 0.12 | +25.88% |
| Q4 2013 | 2013-12-31 | 0.50 | 0.05 | +10.25% |
| Q3 2013 | 2013-09-30 | 0.50 | — | — |
| Q2 2013 | 2013-06-30 | 0.67 | 0.22 | +49.31% |
| Q1 2013 | 2013-03-31 | 0.45 | −0.06 | −11.87% |
| Q4 2012 | 2012-12-31 | 0.45 | −0.07 | −14.12% |
| Q2 2012 | 2012-06-30 | 0.45 | 0.01 | +2.82% |
| Q1 2012 | 2012-03-31 | 0.51 | 0.05 | +11.45% |
| Q4 2011 | 2011-12-31 | 0.53 | 0.06 | +13.73% |
| Q3 2011 | 2011-09-30 | 0.48 | −0.00 | −0.75% |
| Q2 2011 | 2011-06-30 | 0.44 | −0.11 | −20.31% |
| Q1 2011 | 2011-03-31 | 0.45 | −0.11 | −19.00% |
| Q4 2010 | 2010-12-31 | 0.46 | −0.12 | −20.15% |
| Q3 2010 | 2010-09-30 | 0.48 | −0.10 | −17.16% |
| Q2 2010 | 2010-06-30 | 0.55 | −0.15 | −21.40% |
| Q1 2010 | 2010-03-31 | 0.56 | — | — |
| Q4 2009 | 2009-12-31 | 0.58 | −0.19 | −24.69% |
| Q3 2009 | 2009-09-30 | 0.58 | — | — |
| Q2 2009 | 2009-06-30 | 0.70 | — | — |
| Q4 2008 | 2008-12-31 | 0.77 | — | — |
Trane Technologies debt-to-equity ratio trends
Over the last five fiscal years, Trane Technologies's debt-to-equity ratio decreased from 0.82 to 0.63, a change of −0.19. The latest reported quarter, Q2 2026, shows 0.54.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Trane Technologies source filings ↗