Trane Technologies plc (TT) Debt to Assets Ratio: 0.22%
The debt to assets ratio for Trane Technologies plc (TT) is 0.22% as of Wednesday, June 24, 2026.
TT Debt to Assets Ratio Metrics
DEBT TO ASSETS RATIO
0.22%
TT Competitors' Debt to Assets Ratio
| NAME | MARKET CAP | DEBT TO ASSETS RATIO |
|---|---|---|
| Trane Technologies plc (TT) | $106.80B | 0.22% |
| Quanta Services, Inc. (PWR)vs › | $105.32B | 0.26% |
| Howmet Aerospace Inc. (HWM)vs › | $110.08B | 0.27% |
| Lockheed Martin Corporation (LMT)vs › | $116.13B | 0.36% |
| Cummins Inc. (CMI)vs › | $96.46B | 0.24% |
| General Dynamics Corporation (GD)vs › | $94.74B | 0.17% |
| Parker-Hannifin Corporation (PH)vs › | $119.48B | 0.33% |
| Vertiv Holdings Co (VRT)vs › | $120.63B | 0.28% |
| Bloom Energy Corporation (BE)vs › | $91.59B | 0.68% |
| United Parcel Service, Inc. (UPS)vs › | $89.96B | 0.44% |
Leverage Ratios Comparison
Debt/Assets
0.2%
Debt/Equity
0.54
Current Ratio
1.25
Interest Coverage
17.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
- Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
- Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
- Both measure leverage but from different perspectives
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Trane Technologies plc Debt to Assets Ratio Formula & Definition
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Trane Technologies plc Debt to Assets Ratio FAQ
- What is the debt to assets ratio for Trane Technologies plc (TT)?
- The debt to assets ratio for TT stock is 0.22%.
About Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David S. Regnery